Why UK companies cannot ignore modern slavery reporting
Companies in the UK now have to produce a report detailing their efforts to beat modern slavery in their supply chains. Some have clearly thought this through. But the poor reporting of others is “worrying”.
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Legislation in the UK is driving modern slavery up the agenda in the boardrooms of major companies across Britain and the world.
Every board of companies with turnover greater than £36m, and which wants action in the UK market, now has to approve the company’s statement on what it is doing to eradicate modern slavery in its operations and supply chains. This compliance statement then has to be signed by a director, and have a link on the company’s homepage.
After almost 12 months of company reports, a small group of companies has taken the lead, with strong board oversight and powerful eradication practices. But far too many laggar
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