A year after companies doing business in the UK were legally required to start making modern slavery statements this analysis looks at 150 statements to provide a snapshot of what companies are reporting on their actions to combat forced labour and human trafficking, and how this compares to disclosures a year ago. The report, Modern slavery statements: One Year On includes:
– analysis of the sectors, locations and sizes of companies reporting
– description of the due dliligence issues covered (policy, risk assessment processes, identified risks, training, performance monitoring)
– level of detail they provide
– who has signed-off reports and how they have been published.
The analysis is the most up-to-date assessment of how companies are interpreting the reporting obligation and therefore a litmus test for the effectiveness of the legal requirement. It also describes the main ways that companies are seeking to address the challenge of eradicating modern slavery from their businesses and supply chains.