However, business leaders need to collaborate in order to do this. My recommendations focus on the need to develop relevant risk management processes and the need to create better systems to share intelligence. I also strongly encourage growing collective action initiatives by investors and suggest that financial services could be a powerful force to encourage action to address significant risks in the electronics business. Finally, until the government legislates to extend Section 54 of the Modern Slavery Act to cover financial portfolios I suggest that business covers these areas voluntarily in their annual modern slavery statements. The financial services sector should ensure that it integrates modern slavery and human trafficking risk across all its business processes, in the same way that it has approached environmental risk.
Rapid change in the legal landscape for business with regards to human rights has profound implications for how businesses across the globe approach human rights issues. Multinational companies are having to navigate increasingly complex human right...Read More
The following report evaluates and analyzes publicly available information regarding the level of progress H&M has achieved in addressing safety hazards in its factories in Bangladesh. The data is derived from factory inspection reports and Corr...Read More
Modern slavery thrives in crisis situations. During conflicts, natural and man-made disasters, and humanitarian situations, adults and children are vulnerable to exploitation and trafficking. Conflict situations often exacerbate existing vulnerabili...Read More
As in any modern industry, technology has revolutionized the production and distribution of seafood. Today, highly perishable products, once caught solely in the wild, can be farmed, processed, packed, and shipped to destinations worldwide in a matt...Read More
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