| 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. |
Almost 21 million people (a conservative estimate) are trapped in conditions of forced labor that generates over $150 billion in profits for other parties. Of these workers, over 75% are exploited within the traditional private sector, esp...Read More
Foreign migrant workers are often faced with a choice: pay illegal or unethical recruitment fees for a job abroad or go without work altogether. To finance these exorbitant costs, which can be as high as USD 6,000 in some migration corridors, they o...Read More
Low-wage migrant workers commonly encounter abuses of their labour rights during the migration process. These abuses can include deceptive practices by recruitment agencies, underpayment, poor and unsafe working conditions, and other exploitative pr...Read More
This Regional Overview on the sexual exploitation of children (SEC) in the Middle East and North Africa (MENA), consolidates the relevant existing data to map the context, risk factors, region-specific issues, responses and gaps in the fight against...Read More
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