| 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. |
Each year, hundreds of thousands of workers from Uttar Pradesh travel to jobs in Qatar, the United Arab Emirates (UAE), and Saudi Arabia, as well as to other neighboring countries in the Middle East and North Africa region such as Jordan. These work...Read More
In 2021, the number of people referred to the UK Government’s system of identification and support, the National Referral Mechanism (NRM), stood at 12,727. Of those, only 2,866 were given a Positive Conclusive Grounds decision, conf...Read More
In the case where an unaccompanied child victim of trafficking is willing to return and that the return option is validated during the best interest determination process, early coordination is requested. A family assessment should be undertaken in ...Read More
The UK is at the forefront of the global move to tackle human trafficking and prevent modern forms ofslavery by introducing the Modern Slavery Act 2015 (the Act) earlier this year.In this Client Alert, we focus on the new transparency reporting prov...Read More
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