There are over 40 million people in modern slavery worldwide. Modern slavery exists in every industry, in every country in the world. The financial services industry has a major role to play in combating this violent and abusive business. And yet our polling found that over one third (36%) of financial industry employees thought that their organisation had no influence at all in combating Modern Slavery and Human Trafficking (MSHT). It is no longer acceptable to look the other way. Ignorance is not a line of defence. If companies look hard enough, they will find it in their supply chains, but will they be prepared to respond? Saying you are concerned about MSHT through your MS statement is one thing, but taking responsible action is altogether harder but much more important.
This report is the culmination of a yearlong research and outreach project led by Themis in partnership with The Independent Anti-Slavery Commissioner’s Office (IASC), and TRIBE Freedom Foundation. The main objectives of the project are to draw attention to the issue of MSHT, highlight the linkages within the financial services industry, and sound a call to action for the industry as a whole.
This normative framework guide provides a summarized overview of existing legal frameworks outlining businesses’ responsibilities with regard to human rights, with a focus on labour exploitation and trafficking in human beings. Various legal frame...Read More
More than twenty million men, women and children around the world are currently believed to be victims of human trafficking, a global criminal industry estimated to be worth $150.2 billion annually. As defined in the US Department of State’s ...Read More
Modern slavery is an umbrella term that covers: all situations of exploitation that a person cannot refuse or leave, because of threats, violence, coercion, abuse of power or deception. Modern slavery sits at the extreme end of a spectrum o...Read More
With the global refugee crisis showing no signs of abating, multinational companies need to consider how their supply chain interacts with refugees, who are often more vulnerable to forced labor when they seek out work in a new country. Combating F...Read More
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