Why are children’s rights important in business?

From a business perspective, understanding and respecting these rights is crucial for several reasons:

Corporate Social Responsibility (CSR): Businesses have a role to play in protecting and promoting children’s rights. By aligning operations with the Convention on the Rights of the Child (CRC), companies can demonstrate their commitment to CSR, enhancing their reputation and relationship with customers, employees, and the broader community.

Compliance and Risk Management: Many jurisdictions have laws and regulations that reflect the principles of the CRC. By ensuring business practices comply with these rights, companies can avoid legal risks and potential sanctions. This includes areas such as labour practices, particularly in relation to child labour and young workers’ rights, and the marketing and sale of products and services to children.

Market Access and Sustainability: Businesses prioritising children’s rights can better respond to the demands of consumers and investors increasingly valuing ethical practices. This can lead to improved market access and long-term sustainability.

Employee Relations and Community Engagement: Companies that respect children’s rights can foster a positive work environment, improve employee morale, and attract talent who value ethical practices. Additionally, engaging in initiatives that promote children’s rights can strengthen community relations and contribute to the social license to operate.

Innovation and Market Opportunities: A focus on children’s rights can drive innovation, leading to the development of new products and services that are safe, inclusive, and beneficial for children. This can open up new market opportunities and contribute to business growth.