| 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 Modern Slavery Response & Remedy Framework (the Framework) has been designed in collaboration with Minderoo Foundation’s Walk Free initiative and the Human Rights Resources and Energy Collaborative (HRREC). HRREC is a group of Australian ...Read More
“Human trafficking is always invisible. During a pandemic, it is easier to have cases going on that nobody reports.” Frontline Stakeholder from Portugal. The COVID-19 pandemic created new risks and challenges to victims of trafficking (VoTs) an...Read More
Since its emergence in December 2019, it has been very clear that the threat posed by COVID-19 to public health would also be a threat to the world of work. Workplace closures and other measures necessary to curb the spread of the virus have wreaked...Read More
Over the past few decades, some of the EU’s largest and most well-known companies have been involved in appalling human rights abuses and environmental harm in countries across the globe. The companies have failed to address abuses perpetuated by ...Read More
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