The Modern Slavery Act has brought a new area of compliance to the business community of Australia. It calls upon companies to report on the risk of modern slavery in their supply chains and operations, and what plans are being made to address it. Although currently targeting businesses with annual turnovers of $100M+, the legislation will also impact smaller businesses who are part of the supply chain of large companies.
By addressing modern slavery, businesses in Australia have the opportunity to enhance their competitive advantage, improve their public and investor profile, and help combat the injustice of slavery for over 45 million people globally.
"It's not a question of if, but where and to what extent there is slavery in your supply chains and operations."
- Luis C. deBaca, Former U.S. Ambassador-at-large to monitor and combat trafficking in persons.
Addressing Modern Slavery is becoming a business-critical issue with many suppliers deeply impacted by COVID-19. Many corporations now making the risk of modern slavery a primary issue as companies tender for business. Meanwhile, investors, stakeholders and consumers are looking at human rights performance in business.
The first Modern Slavery Statements are due March 31, 2021.
In combination with our delivery partner Unchained Business Services Pty Ltd, we are able to offer the following services:
- Education and Training
- Gaps Analysis and Action Plan
- Risk Assessment
- Improvement Strategy
- Compliance Documents
Sarah Morse Dr Stephen Morse
Founder and Director Founder and CEO
Unchained has a mission to inspire Australian businesses to be leaders in addressing modern slavery.
Find out more here.
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