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...
Around the world, something in the region of 40 million innocent men, women and even children have been forced into various forms of modern slavery. Many are here in the UK. Still more are abroad. All are victims of a vile business that has no place...Read More
Verité has collected comprehensive data about global industries with a significant history or current evidence of human trafficking or trafficking-related activity, and has analysed the over-lap between global supply chains deemed to be at risk for ...Read More
This report provides the framework and resources necessary to understand the risk of human trafficking in global supply chains, and can help readers begin to assess the risk of human trafficking in particular federal supply chains. Later sections ex...Read More
The report looks at Canada’s connection to the issues of human trafficking and forced and child labour, by cross-referencing recent data on Canadian imports with the U.S. Department of Labour’s List of Goods Produced by Child Labour or Forced Lab...Read More
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