Through our commitment policy, we are working concretely to put an end to child labour. Some financial actors decide to exclude companies linked to child labour sectors, such as tobacco or cocoa production. Exclusion of these sectors does not mean that children will stop working. It's more like sweeping the problem under the rug : it will still remain.
At Amundi, we believe that a responsible actor must act. It does not mean avoiding the problem or hiding. It means implementing concrete actions with the companies in which we invest to encourage them to adopt better practices.
Participating and working for sustainable development is a long-term commitment. Ending child labour is a topic that need to be addressed through a global vision. It is fundamental to have a positive engagement for influence on companies, which is the true definition of a responsible actor.
We can focus on Nestlé. The company has activities linked to cocoa industry in Africa, which implies child labour reality. As a committed actor, we made recommendations to Nestlé so that they communicate child labour indicators to comply with the rules of transparency.
Results are concretely measurable
The percentage of working children went from 19% in 2015 to 16% in 2016
The percentage of working children who are helped increased by 7 points between 2015 and 2016
In 2017, Nestlé has published its first report dedicated to the fight against child labour in the cocoa industry. This report analyzes the efficiency of the child labour monitoring and remediation system to help and support them.
Amundi will continue its commitment for children rights !