Library | ESG issues
Modern Slavery
Modern slavery is the exploitation of individuals through coercion, threats, or deception for personal or commercial gain. It includes human trafficking, forced labour, debt bondage, child slavery, forced marriage, and domestic servitude. Investors and financial institutions can engage with companies to improve labour practices and enhance supply chain transparency and reporting.
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Navigating a new era of business and human rights
This book highlights the intersection of corporate practices and human rights. It explores evolving challenges, regulatory landscapes, and the importance of collaborative, ethical business conduct. Key themes include transparency, state roles, and the human rights-based approach, offering insights for stakeholders to navigate this complex field.
A sewing kit for living wages: Pathways to living wages in global garment supply chains
The report provides a roadmap for textile brands to commit and implement living wages in their supply chains, as well as explain the importance of providing decent wages to workers.
Shopping for a bargain: How the purchasing practices of clothing brands in Australia impact the women who make our clothes
This report examines the purchasing practices of clothing brands operating in Australia and highlights the impact on women workers in the countries where clothing is made. It calls on brands to publish a plan and commitment to ensuring a living wage for workers throughout their supply chains.
Making Xinjiang sanctions work: Addressing forced labour through coercive trade and finance measures
This is a comprehensive and rigorous analysis of the measures adopted and implemented to address the issue of forced labour in Xinjiang, China. Based on open-source data and expert analysis, the report highlights key themes and outlines a set of recommendations designed to improve the effectiveness of current trade and financial measures.
Bridging ESG silos: The intersection of climate change and modern slavery
This briefing for investors examines the intersection of climate change and modern slavery. It details how environmental and social risks are interconnected and can materially affect a company's long-term profitability. The report provides case studies and tools to help investors identify, assess, and respond to these risks in their portfolios.
Beyond compliance in the renewable energy sector: Assessing UK and Australian Modern Slavery Act statements
This report assesses the statements of 60 renewable energy companies under the UK and Australian Modern Slavery Acts, identifying their compliance gaps. Though most firms disclose their modern slavery policy, few extend it beyond tier one, limiting worker protection. The report calls for improved guidance, supply chain transparency, and stronger government enforcement measures.
Xinjiang supply chain business advisory addendum
This US Government advisory highlights continuing reports of forced labour and human rights abuses in the Xinjiang Uyghur Autonomous Region, China, and reminds businesses of their obligations under relevant US laws. The report contains information on risks in supply chains and implementation and enforcement of relevant laws.
New EU guidance helps companies to combat forced labour in supply chains
The guide provides practical advice on identifying, preventing, mitigating, and addressing forced labour's risk and translating international standards into concrete action. The guidance is in line with the previously published EU trade strategy and upcoming legislation on Sustainable Corporate Governance.
At the crossroads: 10 years of implementing the UN Guiding Principles on Business and Human Rights in Australia
The report examines the implementation and impact of the UN Guiding Principles on Business and Human Rights in Australia over the past decade.
Accelerating change: The potential of capital market actors in addressing modern slavery
This report explores how capital market actors can play a crucial role in addressing modern slavery and offers good practice examples and actionable recommendations for asset owners, asset managers, private equity funds, stock exchanges, investment banks, and development finance institutions.
Capital markets and modern slavery
This report synthesises evidence on the role of investors in addressing modern slavery in global supply chains. Key findings reveal that data limitations pose a significant challenge for investor action. Additionally, drivers for investor action include moral standing, financial incentives, regulatory compliance, and investor-led engagement.
Lessons from Canada’s approach to extending financial access to survivors of modern slavery
This briefing showcases how Canada has effectively extended financial access to survivors of modern slavery through its Public Private Partnership approach. This briefing offers practical insights and lessons for the financial sector.
Credit repair for survivors of modern slavery and human trafficking
Finance Against Slavery and Trafficking (FAST) conducted a roundtable discussion with survivors, survivor support organizations, and financial institutions to address credit repair. Survivors' recommendations include implementing a manual review of onboarding processes, dismissing survivors' adverse credit, and developing a survivor-led approach to manage finances.
Financial crime compliance to fight modern slavery and human trafficking
This blueprint urges financial institutions to tackle human trafficking and modern slavery, suggesting that both are a financial crime and compliance risk, and warns against wholesale de-risking. This report outlines strategies for detecting financing of such illegal activities, reducing risk, and government action towards AML/CFT risk assessments, ahead of regulatory fines and sanctions in jurisdictions worldwide.
Investor engagement to fight modern slavery and human trafficking
This report provides insights on how investors can engage with businesses to fight modern slavery and human trafficking. Such efforts are underpinned by building and utilizing leverage on companies. It provides guidance on identifying salient modern slavery risks and making divestment decisions if efforts to engage are unsuccessful in addressing modern slavery and human trafficking risks.
Business banking and start-up support for survivors of modern slavery and human trafficking
The report highlights the Survivor Inclusion Initiative (SII), addressing the business banking and startup needs of survivors of modern slavery and human trafficking. It outlines efforts such as training, support, expert review, and the global Survivor Business Roundtable to enhance survivors' access to financial services.