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 slavery risks within companies and portfolios, our research suggests that companies are not sufficiently equipped to deal with such risks.
In its Annual Review of Corporate Governance Reporting (2021), the FRC published findings from research carried out by Lancaster University on the extent to which companies are including modern slavery in their disclosures as part of their responsibility to consider the interests of their stakeholders in their annual report. The research also included a review of reporting on modern slavery governance, policies, and due diligence in modern slavery statements.
Workers are recruited via unlicensed third-party agencies. Use of unlicensed third-party agencies increases the risk of labor exploitation. Workers pay for recruitment, employment or repatriation fees. Costs associated with employment can place ...Read More
Momentum to enact mandatory human rights due diligence (HRDD) legislation is building around the world. Such legislation is necessary to ensure corpo- rations respect human rights and that victims of corporate abuse have access to justice and remedy...Read More
The publication is based on the accumulated experience of the ten companies in the BLIHR on implementing human rights. This experience is supplemented with practical examples of human rights implementation. In detail as a joint product of the Bu...Read More
More than twenty million men, women and children around the world are currently believed to be victims of human trafficking, a global criminal industry estimated to be worth $150.2 billion annually. As defined in the US Department of State’s ...Read More
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