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.
This compilation includes examples of approaches that multiple companies in the textile and garments, cocoa, tourism and/or mining sectors have adopted to prevent and remediate child labour. These examples were identified on the basis of informati...Read More
In July 2018, the Walk Free Foundation released the latest Global Slavery Index (GSI), which presents estimates for the number of victims of modern slavery in 167 countries. Using data from the Gallup World Poll’s module on modern slavery, which w...Read More
Documenting the impact of new legislative acts is an indispensable tool for improving the effectiveness of this legislation and advancing business practice.
This research, commissioned by the United Nations Children’s Fund (UNICEF), the United Nations High Commissioner for Refugees (UNHCR) and the International Organization for Migration (IOM), provides an overview of trends and possible pathways of t...Read More
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