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.
The Middle East and North Africa (MENA) region continues to host groups highly vulnerable to trafficking and exploitation. Migrant workers, particularly domestic workers, are known to be among those who are most at risk. While the region is co...Read More
While some challenges around design and implementation remain, the aim of the reforms- to improve conditions for workers in the sector, help to restore Thailand's depleted fish stocks and ultimately to make the industry more safe, sustainable and pr...Read More
This report found that while technology companies are working to bring the world closer together, they are failing to connect with workers in their own supply chains. Our ICT benchmark ranked the top 40 global ICT companies—with a combined market c...Read More
The declaration includes steps towards implementation of measures aimed at achieving responsible supply chains, such as: • Strengthening responsible supply chain management, particularly in SMEs; • Support for transparency initiatives for consu...Read More
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