Analysis shows only a handful of company statements are meeting the Act’s requirements, majority lack adequate information.
The FTSE 100 companies who have reported under the Modern Slavery Act so far were scored by the Business & Human Rights Resource Centre on their action to eliminate slavery from their operations and supply chains and the extent of their disclosure under the Act. Companies were put into ten tiers (tier one the best performing, ten the worst performing). There was also patchy compliance with the legal requirements of the Act. Only 14 of the 27 statements fully comply with these three requirements.
Analysis shows most of the twenty-seven FTSE100 companies that have reported so far under the UK Modern Slavery Act are missing the opportunity to provide much needed leadership to eradicate forced labour from business operations and supply chains. The majority of company statements demonstrate weak risk assessment and due diligence.
Modern Slavery Act 2015 2015 CHAPTER 30 An Act to make provision about slavery, servitude and forced or compulsory labour and about human trafficking, including provision for the protection of victims; to make provision for an Independent Anti-slavery Commissioner; and...
Modern Slavery Registry (http://www.modernslaveryregistry.org/) is a free, transparent and publicly accessible registry of company statements published pursuant to the UK Modern Slavery Act and the California Transparency in Supply Chains Act. The Registry, with its over 4,000 statements, is a valuable...
The International Labour Organization estimates that illicit profits from modern slavery reach $150 billion a year. In 2016, 16 million people were victims of forced labour in the private economy. Companies are exposed to modern slavery risks through their own...
By Sandra COSSART, Jérôme and Tiphaine BEAU DE LOMENIE INTRODUCTION The difficult journey of the French Bill on the duty of care of parent and subcontracting companies came to an end on 23 March 2017, when the French Constitutional Council (Counc...Read More
Although the government of Uzbekistan has made progress on ending child and adult forced labour in the cotton fields after more than a decade of international pressure, a new report finds that forced labour remains rampant in other arenas of Uzbek l...Read More
As stores closed around the world in response to COVID-19 lockdowns in early 2020, fashion brands and retailers sought to minimize their losses, shifting the financial burden of the disruption to the bottom of their supply chain. Cancelled orders, d...Read More
The palm oil industry continues to be a highly controversial business and social proposition. Its detractors lay before society a long list of grievances covering a wide range of environmental, social and management issues. While its supporters cont...Read More
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