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...
This report studied the impact of the Freewheel by Ride For Freedom programme on survivors of modern slavery in Barking & Dagenham, East London. The programme provides the survivors with a bicycle, accessories and cycling proficiency and road aw...Read More
Golden Dreams is a Burmese-language smartphone app targeting current and prospective migrant workers. It is a platform for learning and exchanging information, reviews, ratings, comments, and advice about employers, recruiters, and service providers...Read More
Britain is in an employment crisis. Labour shortages are hitting record highs and firms are recruiting from abroad which is costly. At the same time there are currently more than 7,000 survivors of modern slavery who are being supported by the G...Read More
Global businesses are faced with an increasingly complex and interconnected legal, financial and reputation risk agenda related to involvement in human rights and other responsible business conduct risks like conflict financing, financial crime, m...Read More
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