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 Peoples’ Republic of China (PRC) has created an ex- pansive system of unprecedented state control over the 13 million Uyghurs, Kazakhs, and other minoritized eth- nic and religious groups of the Xinjiang Uyghur Autono- mous Region (Uyghur...Read More
Human trafficking is the crime of using force or fraud for the purpose of compelled labor or a commercial sex act. The United States considers “trafficking in persons,” “human trafficking,” and “modern slavery” to be interchangeable umbr...Read More
The legal landscape for financial market participants (FMPs) regarding sustainability and human rights has drastically changed and more regulation is on its way, both at the EU and AT national levels. This briefing paper is meant to give a short ove...Read More
Currently the world is going through an unprecedented health, social, human and economic crisis due to the pandemic caused by the disease COVID-19, catalogued even as the greatest economic and social challenge facing humanity since the Great Depress...Read More
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