| 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. |
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
Doing business in occupied territories carries with it risks, dilemmas and potential liabilities for companies. The sources of information available to companies to address these risks are limited. This briefing is intended to provide companies with...Read More
Amongst the worst crimes associated with illicit trade is the demand it creates for forced and child labor to carry out the tasks of making counterfeits, sewing fake logos on luxury apparel, or harvesting illegal fish. This report shows that&nb...Read More
The guidelines aim to improve global supply chain governance, due diligence and remediation processes to advance the progressive elimination of child labour. The Child Labour Guidance Tool was created jointly by the International Labour Organization...Read More
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