Global Child Forum Wins CFA Sweden ESG Award

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    Stockholm (NordSIP) – Children’s rights focused non-profit foundation the Global Child Forum has been revealed as this year’s winner of the CFA Sweden ESG Award.  Founded in 2009 by the Swedish Royal Family, Global Child Forum is a leading advocate for improving children’s rights within a more sustainable society.  It aims to achieve this by engaging with global corporations, financial institutions, and policymakers.

    The organisation publishes an annual benchmarking report providing a detailed evaluation of the corporate social responsibility performance of major corporations across 28 different industries, based on how their governance, workplace conditions, marketing behaviour, community, and environmental policies affect children’s quality of life.  The latest iteration of its annual State of Children’s Rights and Business report, which was produced in collaboration with the Boston Consulting Group, revealed a collective decline in companies’ commitment to children’s well-being that served to highlight the importance of the Global Child Forum’s work.  The benchmark database is freely available online, with a view to investors using the data to engage with portfolio companies, and the companies themselves using the benchmarking information to move up the rankings.

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    The CFA Sweden ESG Award was presented to Global Child Forum at the CFA Society’s Annual Forecast Dinner on April 25, 2024, in Stockholm.  The recognition by CFA Society Sweden highlights Global Child Forum’s ongoing commitment to enhancing the integration of environmental, social, and governance (ESG) considerations into the fabric of the financial and corporate sectors.  It also reaffirms the organisation’s role as a pivotal influence in the global discourse on sustainability and corporate governance.

    In expressing gratitude for the accolade, Katarina Mellström, Secretary General of Global Child Forum commented: “We are deeply honoured to receive the CFA Sweden ESG Award, which underscores the vital role of the investor community in advocating for child rights within corporate practices.  Our benchmark empowers investors to hold companies accountable for their actions regarding child rights, aligning investments with ethical practices.  This accountability fosters a sustainable business environment and offers substantial benefits for companies and investors alike by enhancing reputation, ensuring compliance, and building trust in the marketplace.”

    John Howchin, member of the Society’s ESG Committee and responsible for the Award’s nomination process, commented on the decision to honour Global Child Forum: “Children’s rights is an issue that is more important than ever due to a wide array of reasons: the post-COVID economic downturn impacting livelihoods deep down in the supply chains of many companies, the continued pressure of digital platforms focusing on children, and many more. Global Child Forum’s benchmark has focused on bringing the issue of children’s rights to the investment community in an accessible format for many years, offering concrete data that supports engagement with companies and responsible investment decisions. This year’s CFA Sweden ESG Award is a mark of their dedication to improving children’s rights worldwide and reminding us not to lose sight of this important issue.”

    Recent winners of the CFA Sweden ESG Award include Ulf Erlandsson’s Anthropocene Fixed Income Institute and the International Chemical Secretariat (ChemSec). 

    Image courtesy of Binniam Halid for CFA Society Sweden
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