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 next few years will see worldwide consumption of cobalt rise significantly as nascent demand from the electric vehicle market comes on line. For both electric vehicle and tech manufacturers, cobalt forms an essential ingredient of the ubiquitou...Read More
The engagement of children in domestic work in third-party households is mostly conceived as a decision that benefits adult actors – employers, intermediaries and/or parents – at the expense of young people. Thus, child domestic workers are ...Read More
Since 2018, with the first change of the federal government after 60 years of independence, Malaysia has seen notable policy shifts in labour policy. These include amendments of employment and social protection regulations, as well as the stren...Read More
The risks to migrant workers using informal and unregulated labour migration channels are well documented: forced labour, including labour trafficking; debt bondage primarily due to high recruitment fees; child labour; excessive work hours; underpay...Read More
2025 © Copyright, RESPECT International. All Rights Reserved. Website Disclaimer | Privacy Policy
