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...
The data in this report represents signals and cases from January 1, 2017 through December 31, 2017 and is accurate as of July 11, 2018. Cases of trafficking may be ongoing or new information may be revealed to the National Hotline over time. Conseq...Read More
Battling Human Trafficking: How Far Have We Come and Where Do We Go From Here? A Scrutiny of Private Sector Obligations under the Modern Slavery Act by Lucia Bird Ruiz-Benitez de Lugo co-published by the Global Initiative against Transnational Or...Read More
The vast majority of modern slavery and human trafficking cases involve interaction with finance in some form. In many cases, traffickers exploit their victims financially, taking control of their bank accounts, confiscating wages, and using debt as...Read More
The data in this report represents signals and cases from January 1, 2018 through December 31, 2018 and is accurate as of July 25, 2019. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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