| 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. |
Today over 40 million people are enslaved worldwide. 80% of those rescued from modern slavery, also known as Human Trafficking, will be re-trafficked absent safe employment opportunities. To fight modern slavery and exploitation we need a strategy t...Read More
Trafficking in human beings is defined as a set of circumstances whereby a person is pushed into an exploitative situation by an individual or individuals taking advantage of their plight. This can manifest itself in various forms and occur in diffe...Read More
Financial institutions analyse typologies to pursue investigations, compare scenarios and follow patterns that lead to identifying suspicious activities linked to trafficking and slavery. The typology repository offers guidance for banks on a number ...Read More
Funded by the Global Partnership to End Violence against Children through its Safe Online initiative, ECPAT, INTERPOL and UNICEF Office of Research – Innocenti worked in partnership to design and implement Disrupting Harm – a rese...Read More
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