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 Stéphane Brabant and Elsa Savourey Companies are currently establishing their first vigilance plans and preparing to effectively implement them. However, clarifications are still needed with regard to the interpretation and practical application...Read More
The research finds that most companies complied with the minimum requirements of modern slavery reporting, with clear groups of leaders and laggards within the ASX200. Perhaps unsurprisingly, given this is the first year of reporting, the majority o...Read More
Advances in technology and the COVID-19 crisis have made millions more people vulnerable to trafficking, says UNODC Traffickers have integrated technology into their business models at every stage of the process, from recruiting to exploiting vic...Read More
The report contains a first evaluation of the KOK data tool with over 700 cases of human trafficking and exploitation entered between January 2020 and the end of June 2021. Compared to the situation report on human trafficking published annually by ...Read More
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