Praise after Australia's first federal Modern Slavery Act becomes law
More than 40 million people worldwide are believed to be victims of modern slavery, including 15,000 Australians.
Fortescue's Andrew Forrest declares beginning of end of modern slavery
Aug 24, 2017 - Mining magnate Andrew Forrest has declared beginning of the end of modern slavery after a landmark meeting of big companies and the federal government.
New legislation to prevent Australians unknowingly buying products made by slaves
From July 1, 2019, many Australian businesses will be forced to report on slavery in their supply chains, making them accountable not just for their own workers but those of suppliers and suppliers’ suppliers – all the way back to the extraction of raw materials
World's biggest sovereign wealth fund dumps $20bn of unethical investments
Norway’s Government Pension Fund moves $13bn from fossil fuel investments to renewable energy companies, and scraps plans for a further $7bn worth of investments in oil exploration and production companies.
Summary of 2018 FTSE 100 Reporting for the UK Modern Slavery Act
A cluster of twelve major companies are leading the way, and while no company scored above 78%, they are demonstrating improvement year on year. 97 of the FTSE 100 companies reported. Over half scored below 31%, 28 companies scored fewer than 20%. It is disappointing that the bottom half is showing little change year on year.
Link to 8,746 UK Company MSA Statements across 71 industry categories
8,746 of the 10,878 UK reporting entities - representing 12,398 companies - have submitted MSA statements. 1,594 of these statements were from companies that had to also comply with the California Transparency in Supply Chains Act. 70% were signed by a director or equivalent, 38% included explicit approval by the board. 60% were published on the company's website. 21% meet all minimum requirements set out in the UK Modern Slavery Act.
2018 Global Slavery Index Highlights
40.3 million people in modern slavery in 2016. 71% of these are female, 29% male. $354 billion of at-risk products imported by G20 countries.