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.
The next few years will see worldwide consumption of cobalt rise significantly as nascent demand from the electric vehicle market comes on line. For both electric vehicle and tech manufacturers, cobalt forms an essential ingredient of the ubiquitou...Read More
In late 2017, the Office of the UN High Commissioner for Human Rights (OHCHR) began receiving increasing allegations by various civil society groups that members of the Uyghur and other predominantly Muslim ethnic minority communities were missing o...Read More
Garment workers, mostly women, earn some of the lowest wages in the world while making clothes for some of the biggest fashion brands. Romania has about 300,000 oficial garment workers, who usually earn a minimum wage of about 230 EUR after tax. Wor...Read More
Labor migration is currently the most common predicate action leading to human trafficking and forced labor, and debt bondage is the most common indicator of forced labor. Based on Migrasia’s first hand experience with directly assisting thousands...Read More
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