However, business leaders need to collaborate in order to do this. My recommendations focus on the need to develop relevant risk management processes and the need to create better systems to share intelligence. I also strongly encourage growing collective action initiatives by investors and suggest that financial services could be a powerful force to encourage action to address significant risks in the electronics business. Finally, until the government legislates to extend Section 54 of the Modern Slavery Act to cover financial portfolios I suggest that business covers these areas voluntarily in their annual modern slavery statements. The financial services sector should ensure that it integrates modern slavery and human trafficking risk across all its business processes, in the same way that it has approached environmental risk.
The mining industry is one of the most polluting, deadly, and destructive industries in the world. Yet to date, mining company responses to the COVID-19 pandemic have received little scrutiny compared to other industries seeking to profit from this ...Read More
Marks & Spencer (M&S) sets itself high standards. Its Plan A was widely recognized as breaking new ground in sustainability reporting when it was launched in 2016. In addition, M&S has achieved high rankings on human rights indices and, ...Read More
Under the Short Guides on Modern Slavery Reporting, CORE has developed this short guide aimed at providing an overview of o selection of weak and notable reporting practice from statements published to date. A random sample of modern slavery statem...Read More
The COVID-19 pandemic is exposing just how fragile the protection and prevention framework on modern slavery is, despite progress in recent years resulting from a new focus, marked particularly by a drive toward national anti-slavery legislation. ...Read More
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