| 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. |
Justice, in its broadest sense, is the foundation on which efforts to tackle modern slavery internationally, nationally and locally rest. For Target 8.7 of the United Nations Sustainable Development Goals (SDGs) to be fully realized, it is clear tha...Read More
Authors: Livia Wagner, Thi Hoang The policy brief was originally posted here on GI-TOC website, as part of its #CovidCrimeWatch initiative. The coronavirus is not only claiming hundreds of thousands of lives, but is also causing a global econo...Read More
Child labour is a serious violation of human rights, and yet many vulnerable families worldwide engage their children in work as a survival strategy. The figures from the 2020 International Labour Organization (ILO) and the United Nations ...Read More
Modern slavery is moving up the political and legislative agenda within the UK, whilst shareholder and investor initiatives on the issue are increasing. Whilst recent global events, such as the war in Ukraine, are further increasing modern slav...Read More
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