| 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 report was researched and written by Chloe Setter, Emiel Coltof, Aisling Ledwith, Nyonsuabeleah Kollue, and Abigail Munroe. Cracks in the System is a new report from Lumos that is the first of its kind to systematically explore the links be...Read More
An estimated 650,000 Syrian refugees have fled their home country to escape bloodshed and have found a lifeline working in Turkey, with many working in the garment industry. Without these jobs, many families would face desperate times and would stru...Read More
The Ethical Framework for Cross Border Labor Recruitment offers a set of specific operational practices (“Standards of Ethical Practice”) for recruitment firms that operate across borders. These practices are reinforced by a Verification and Cer...Read More
Globally, it is estimated that there are over 40 million men, women and children in modern slavery today. Two thirds of these victims are in Asia. These victims, who can be found in factories, construction sites, fisheries and sex venues, are forced...Read More
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