While the movement to eradicate child labour has gained significant pace, there is still a lot of ground to be covered and work to be done by companies and investors in conjunction with trade unions and NGOs, writes CSR researcher Martijn Boersma from Catalyst Australia.
In its latest report, Catalyst Australia examines the efforts and collaboration of global unions, NGOs, companies, and investors in dealing with child labour in global supply chains.
The Apple brand is not only one of the most famous in the world, it is also the one with the highest value. Although Apple shares have plummeted during the last months, the latest brand value rankings show that the brand remains the best in the world. In addition to this, in the third quarter of 2012 Apple had a market capitalisation of US$ 625 billion, by far the largest in the world, on top of which it had and it had a US $117 billion cash hoard. You would think that a company this size would pay a fair amount of tax, but Apple thinks differently.