| 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. |
From October 2020 to April of 2021 BHRN interviewed 29 refugees ages 14 to 60 from 10 different camps in Cox’s BazarOf those interviewed 68% were women93% of refugees said they did not receive enough food rations72% described their current safety ...Read More
Pasos Libres, the Global Initiative against Transnational Organized Crime, the Responsible and Ethical Private Sector Coalition against Trafficking (RESPECT), the International Labour Organization (ILO) and partners invi...Read More
The forthcoming Modern Slavery Bill, announced in the 2022 Queen’s Speech, presents a significant opportunity for the UK Government to implement its outstanding commitments in relation to strengthening Transparency in Supply Chains (TISC) provisio...Read More
There are over 40 million people in modern slavery worldwide. Modern slavery exists in every industry, in every country in the world. The financial services industry has a major role to play in combating this violent and abusive business. And yet ou...Read More
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