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.
It is estimated that there are 17.2 million child domestic workers globally, most of whom are girls (International Labor Organization (ILO), 2013; ILO, n.d.). Despite their large numbers, research related to this marginalised group is extremely limi...Read More
This report, the EU Fundamental Rights Agency’s fourth on the topic of severe labour exploitation, is based on interviews with 237 exploited workers – both people who came to the EU, and EU nationals who moved to another EU country. They were ac...Read More
COVID-19 is a global pandemic affecting every country in the world. Similarly, modern slavery is a global threat that affects every country in the world. This briefing aims to highlight some of the global concerns and increased potential threats aro...Read More
by Andy Shen and Abby McGill, ILRF International Labour Rights Forum (ILRF) launched the Independent Monitoring at Sea (IM@Sea) project to address some of the vulnerabilities of migrant workers in the Thai fishing fleet by enabling worker connectivi...Read More
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