| Modern slavery is a global phenomenon, with 40.3 million victims and $354 billion at-risk products imported by G20 countries in one year alone, according to estimates by the Walk Free Foundation (2018). Australia has historically been complicit in this problem – both as an importer of suspect products and components, and as a host of modern slavery practices. According to the Australian Border Force, 1567 victims of modern slavery were reported in Australia from 2015 to 2017. In 2018, amid increasing public concern about the prevalence of modern slavery, the Australian Parliament passed a new law – the Modern Slavery Act – requiring large Australian companies to identify and report on risks of modern slavery practices in their operations and supply chains. This report by researchers at the Monash Centre for Financial Studies (MCFS) evaluates the disclosure quality of modern slavery statements submitted by the largest companies listed on the Australian Securities Exchange (ASX300) for FY2020 under the requirements of the Act. The report expands upon a related research project conducted in 2021 by MCFS, which was confined to ASX100 companies. |
Prepared by Sanjeev Dasgupta and Ana Maria Soto, Issara Institute. According to the 2017 Global Estimates of Modern Slavery, there are about 40 million people living in modern slavery situations worldwide. The Asia-Pacific region has the highest...Read More
The purpose of this blueprint is to provide practical support to: (a) CSR/Sustainability managers in driving the effort of embedding human rights across the organisation and (b) Human Resource, Purchasing and Risk/Legal managers in clarifying their...Read More
The COVID-19 outbreak has been affecting Asia since January 2020. It is now a global pandemic, with over 4.5 million cases detected in 168 countries and over 300,000 deaths globally as of 15 May 2020. Much of the world has implemented severe quarant...Read More
Evaluations of programmes designed to combat human trafficking and modern slavery identify some aspects of ‘What Works’ however, their success to date have been limited. Amendments to funding mechanisms, notably longer timelines, would improve t...Read More
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