The article reports that there is an increase in the number of children leaving school to work, with some being forced into sex work. The International Labor Organization (ILO) warns that tens of millions of children worldwide are at risk due to global economic problems. In 2020, 160 million children were forced to work, indicating a worsening situation. Child labor is seen in both rich and poor countries, with the most prevalent sectors being agriculture, mining, and construction. Poverty is identified as the root cause of the problem. Inflation is cited as the main reason for the increase in child labor in every country. The article highlights the desperate decisions children have to make to support their families, affecting their future prospects. Lebanon, facing an economic collapse, has one in every 10 children forced to work. The ILO emphasizes the need for urgent action and different approaches, including improving education, job opportunities, and combating illegal sectors.
ESG Risks:
1. Child labor: The article highlights the risk of child labor, which is a violation of labor rights and ethical concerns.
2. Exploitation: Children being forced into sex work indicates a risk of exploitation and abuse.
3. Education: Children leaving school to work jeopardizes their access to education and future prospects.
4. Poverty: Poverty is identified as the root cause of child labor, indicating the risk of perpetuating cycles of poverty and inequality.
5. Inflation: Inflation is cited as a reason for the increase in child labor, highlighting the economic risk and its impact on vulnerable populations.
6. Human rights: The article raises concerns regarding the violation of children’s rights and the need for urgent action to protect them.
Companies mentioned: None.
Keywords: child labor, International Labor Organization, United Nations, poverty, inflation, education, exploitation, risk, urgent action, economic problems.
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