The UK Modern Slavery Act 2015 (Act) was established nearly six years ago and was hailed as a landmark piece of legislation. Its aim was to encourage business to take action to eradicate modern slavery from its operations and supply chains. Fundamental to this was Section 54, the Transparency in Supply Chains provision (TISC), that requires companies to publish a statement of the steps the organisation has taken during the financial year to ensure that slavery and human trafficking is not taking place in its operations or supply chains. The intention was for the TISC
provision to create a race to the top by encouraging businesses
to be transparent about their efforts to tackle modern slavery
risks, thus increasing competition to drive up standards for
appropriate and effective response to modern slavery.