This report on modern slavery and financial institutions by the Royal United Services Institute for Defence and Security Studies and the Freedom Fund considers the role that the financial sector can play in reducing human trafficking and modern slavery through exerting responsibility and leverage.
In recent years, the financial sector has become an increasingly high-profile contributor to efforts to identify and disrupt modern slavery and human trafficking. But can this commitment from the financial sector go further – beyond financial crime compliance and transaction monitoring – by using the provision of finance as a force for good to effect change in the operational and value-chain behaviour of their clients? This paper evaluates whether more action and commitment are required – and whether this is possible – from the sector, particularly in the form of using leverage provided by the provision of finance to clients to encourage the raising of standards in the field of human rights, in line with activity on environmental risks.
On 10-12 November 2020, the USAID Asia Counter-Trafficking in Persons project hosted the 2020 CTIP Evidence Summit, "From Evidence to Action", which included the two Summit discussions "Barriers to Evidence Uptake — Civil Society Organization (CSO...Read More
Employment in the construction industry is characterised by low wages and precarious working conditions, with aspects of the business model contributing to widespread violations of workers’ labour rights. These include: a narrowmargin, least-cost ...Read More
The COVID-19 pandemic is exposing just how fragile the protection and prevention framework on modern slavery is, despite progress in recent years resulting from a new focus, marked particularly by a drive toward national anti-slavery legislation. ...Read More
EXECUTIVE SUMMARY The Global Slavery Index (‘the Index’) provides an estimate of the number of people in modern slavery, the factors that make individuals vulnerable to this crime, and an assessment of government action across 167 countries. Th...Read More
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