| 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 guide for employers, jointly developed by the Malaysian Employers Federation (MEF) and the International Labour Organization (ILO) through the project From Protocol to Practice: A Bridge to Global Action on Forced Labour, aims at providing prac...Read More
The progressive responses by some businesses to the Black Lives Matter protests, and the systemic racism they are calling attention to, have been framed as voluntary commitments of socially conscious companies. In fact, all businesses have an ironcl...Read More
Women, the elderly, adolescents, youth, and children, persons with disabilities, indigenous populations, refugees, migrants, and minorities experience the highest degree of socio-economic marginalization. Marginalized people become even more vulnera...Read More
The COVID-19 pandemic is exposing just how fragile the protection and prevention framework on modern slavery is, despite progress in recent years resulting from a new focus, marked particularly by a drive toward national anti-slavery legislation. ...Read More
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