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Statement on Child Labour

EFG Hermes Statement on Child Labour

Workforce Commitment

EFG Hermes does not tolerate child labour. The firm employs individuals recognized as adults by the law and on a purely voluntary basis. EFG Hermes believes that children should be in school, not at work; no child should be deprived of a childhood, safety, health or education.

EFG Hermes has been a participant in the United Nations Global Compact (UNGC) since 2011 and became a signatory of the United Nations Principles for Responsible Investment (PRI) in 2018. Through its ESG policy, EFG Hermes developed guidance on introducing a due diligence on child labour to its business operations.

Supply Chain

The EFG Hermes Supplier Code of Conduct requires its suppliers to prevent child labour. Any violations of this Code jeopardizes the supplier’s business relationship with EFG Hermes, resulting in a discontinuation of the working relationship.

EFG Hermes will continue to combat child labour wherever appropriate within its sphere of influence and operation as part of its commitment to uphold human rights and to create a better world for future generations.