Modern slavery and its manifestations (including forced labour, debt bondage, money laundering and human trafficking) are illegal practices in all CDC investment geographies. However, such practices remain present, are often intentionally well hidden, and still present significant social and human rights impacts and risks to many emerging market investors. Proactive and thoughtful due diligence is an important aspect in helping investors understand modern slavery risks evident in supply chains or via intermediated contracts, and which require innovative approaches to resolve. COVID-19 has exacerbated and accelerated modern slavery and other labour practice risks.
The Welsh Government is committed to ensuring workers are treated fairly and with respect and to making Wales hostile to slavery. The Code of Practice – Ethical Employment in Supply Chains is designed to help ensure workers in public sector supply...Read More
As of 6 May 2022, over 5.4 million people have arrived in the European Union since the beginning of the war in Ukraine on 24 February 2022. The vast majority of the persons fleeing Ukraine are women and children. Over 13,000 unaccompanied and separa...Read More
In 2016, there were an estimated 40.3 million victims of modern slavery in the world, more than were enslaved during the Transatlantic Slave Trade. Since the adoption of the 2000 UN Trafficking Protocol, numerous efforts from inter-governmental a...Read More
The progressive responses by some businesses to the Black Lives Matter protests, and the systemic racism they are calling attention to, have been framed as voluntary commitments of socially conscious companies. In fact, all businesses have an ironcl...Read More
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