| Modern slavery is a global phenomenon, with 40.3 million victims and $354 billion at-risk products imported by G20 countries in one year alone, according to estimates by the Walk Free Foundation (2018). Australia has historically been complicit in this problem – both as an importer of suspect products and components, and as a host of modern slavery practices. According to the Australian Border Force, 1567 victims of modern slavery were reported in Australia from 2015 to 2017. In 2018, amid increasing public concern about the prevalence of modern slavery, the Australian Parliament passed a new law – the Modern Slavery Act – requiring large Australian companies to identify and report on risks of modern slavery practices in their operations and supply chains. This report by researchers at the Monash Centre for Financial Studies (MCFS) evaluates the disclosure quality of modern slavery statements submitted by the largest companies listed on the Australian Securities Exchange (ASX300) for FY2020 under the requirements of the Act. The report expands upon a related research project conducted in 2021 by MCFS, which was confined to ASX100 companies. |
This briefing supports investors to engage with companies on their actions to tackle modern slavery and human trafficking in their operations and supply chains. It provides investors with: A rationale for engagement: modern slavery risks are perva...Read More
In the case where an unaccompanied child victim of trafficking is willing to return and that the return option is validated during the best interest determination process, early coordination is requested. A family assessment should be undertaken in ...Read More
This work is part of a series of Forced Labour Evidence Briefs that seek to bring academic research to bear on calls to address the root causes of the phenomenon in global supply chains and catalyse systemic change. To do so, the briefs consolidate ...Read More
The Shiva Foundation proposes that business, government, and civil society organizations look beyond modern slavery when trying to assess the prevalence of labour exploitation in the UK. They suggest a few metrics that might help track labour exploi...Read More
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