New laws require Australian business to report on the risk of modern slavery in their operations and supply chain. The Australian Council of Superannuation Investors (ACSI) guide offers practical support to businesses on how to understand modern slavery and respond.

Corporate responsibility reporting has come a long way in the last decade. Australian companies, however, still fall short of their global peers on human rights reporting.

Australian modern slavery legislation necessitates a rapid response by companies yet to prioritise human rights risks. Like many human rights violations, the practices which place people in slavery-like conditions often remain hidden from view.

ACSI commissioned KPMG Banarra’s human rights specialists to create a guide for business and investors to better understand modern slavery – the context, the key modern slavery risk factors, sectors at high risk of slavery like practices, and the practical questions to ask to prepare a response ahead of public reporting.

The report focuses on five ASX200 sectors considered to be high-risk for modern slavery:

  • financial services
  • mining 
  • construction and property 
  • food, beverage and agriculture, and 
  • health care.

ACSI’s particular interest and focus is in supporting listed ASX200 companies to mature in their approach to non-financial disclosure, improve what is considered to be leading practice across corporate Australia, and facilitate conversations between investors, boards and executives as they prepare to publicly report on modern slavery risk.

Investors, boards and executives will find the guidance section of the report particularly useful in preparing for the new regulatory requirements. It includes a series of practical checklists, designed using leading global practice, allowing companies and investors to make preliminary assessments of readiness to respond to modern slavery risk.

Modern Slavery Risks, Rights & Responsibilities: A Guide for Companies and Investors - ACSI & KPMG, 2019 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

Examining the Prevalence of Labor Trafficking Among Vietnamese Migrant Workers in Taiwan and Japan
Guidance

Labor export and associated remittances have become an important solution by the Vietnamese government to create jobs and alleviate poverty in rural communities. Each year, tens of thousands of Vietnamese leave the country to work overseas. Japan an...Read More

TAGS: Asia
Eliminating Forced Labour: Handbook for Parliamentarians No. 30
Guidance

This handbook aims to help parliamentarians to make their contribution to global efforts to effectively combat the scourge of forced labour, a scourge still affecting 25 million people globally. Despite the widespread belief that forced labour is...Read More

TAGS: Europe
Assessing Labor Risk for Workers Migrating from the Philippines to Europe
GuidancePublications

Millions of people from the Philippines have migrated abroad for employment, seeking a better life and improved economic status for themselves and their families. Today, over 10 million Filipinos are estimated to live and work internationally, with ...Read More

DELTA 8.7 MARKETS POLICY GUIDE
Guidance

What actually works to end modern slavery in the context of markets? In the past decade, we have witnessed a heightened awareness of the risk of modern slavery occurring within global supply chains, with a corresponding increase in regulation, fundi...Read More

TAGS: Global