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.
Migrants with insecure immigration status often feel unable to report cases of abuse and exploitation for fear that government authorities will prioritise their immigration status over the harm they have experienced and that they will face seri...Read More
Findings from this research expand current knowledge about the various reasons why trafficking and exploitation persist in the Thai fishing industry, despite various state and corporate actions to prevent and address it. The main recommendation...Read More
Financial institutions analyse typologies to pursue investigations, compare scenarios and follow patterns that lead to identifying suspicious activities linked to trafficking and slavery. The typology repository offers guidance for banks on a number ...Read More
The UK is at the forefront of the global move to tackle human trafficking and prevent modern forms ofslavery by introducing the Modern Slavery Act 2015 (the Act) earlier this year.In this Client Alert, we focus on the new transparency reporting prov...Read More
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