An estimated 40.3 million people, most of whom are women, are living in situations of modern slavery in the world today. Among those affected, approximately 16 million people work in the private sector. There is now much greater awareness of the number of people who are working in conditions of modern slavery, as well as increased scrutiny from civil society and legislative action by governments. As a result, there is growing recognition among private sector actors that they have a responsibility to address modern slavery risks in their operations and business relationships.

This Good Practice Note (GPN) provides the private sector with guidance on identifying, mitigating and remedying modern slavery risks. It serves as a comprehensive resource for two main audiences: investors and companies. The investor audience includes banks, private equity firms and other financial actors that provide finance to private companies in emerging markets. For companies, this GPN provides guidance on potential actions to take across a range of sectors where there may be risks of modern slavery. The GPN further offers Development Finance Institutions (DFIs) with guidance on modern slavery risks associated with their portfolio companies.

Managing risks associated with modern slavery: A good practice note for the private sector - Ethical Trading Initiative (ETI), and Ergon Associates, December 2018 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

Modern Slavery Reporting: Case Studies of Leading Practice
Good Practices

This briefing provides examples of good practice found in the thousands statements made under the UK Modern Slavery Act. It aims to inform government and investor engagement with companies around modern slavery. The UK Modern Slavery Act (the Act)...Read More

Business Banking and Start-up Support for Survivors of Modern Slavery and Human Trafficking
GuidanceGood Practices

In response to the issues raised in the Expert Review, although most fall outside of SII’s mandate, FAST hosted a global Survivor Business Roundtable on 27 June 2022 to gain more insight into survivors' needs regarding business banking and start-u...Read More

TAGS: Global
Tracking the traffickers: How can banks be used to stop human trafficking?
Good PracticesVideos

Human trafficking is devastating for the victims but low-risk for the criminals, whose activities are largely hidden from view. To disrupt it, law enforcement is turning to some unlikely new partners—banks. ...Read More

Preventing and Addressing Vulnerabilities in Immigration Enforcement Policies
News & AnalysisStandards & Codes of ConductGood Practices

Every year, more than 100,000 people are detained for migration control purposes in the European Union. Immigration detention places individuals’ lives on hold, as people do not know when, or if, they will ever be released. It has a severe impa...Read More