FTSE 100 Failing to Meet Transparency Requirements in Relation to the Modern Slavery Act
A recently published review of the FTSE 100’s performance against the requirement under section 54 of the Modern Slavery Act 2015 (published here), finds that as many as 50% of assessed companies provided no meaningful information on whether their actions were effective in addressing modern slavery risks.
Our infographic summarises the key findings, and how your company can ensure it meets its obligations in the most efficient way.
The Act requires that businesses that supply goods or services in the UK (whether UK domiciled or not) and with a turnover of EUR 36 million or more worldwide publish a slavery and human trafficking statement annually. The statement should set out the steps the company has taken to ensure slavery and human trafficking is not taking place in any part of its business or supply chain.
You can read more on Modern Slavery Act minimum transparency requirements here or otherwise contact the team contacts listed on the right-hand side for more information.