Close
Agility Logo

    FUTURE OF LOGISTICS

Search
Close
  • Home
  • Topics
    • Digital Innovation
    • Emerging Markets
    • For Startups
    • Regions
    • Small Business
    • Smart Shipping
    • Sustainability
    • Trade
    • Trending Topics
    • Regulations
  • Future of Logistics
  • Ship for Success
  • Emerging Markets Index
    • Overview
    • Rankings
    • Survey
    • Videos
    • Downloads
  • Smart Shipping
Menu
  • Home
  • Topics
    • Digital Innovation
    • Emerging Markets
    • For Startups
    • Regions
    • Small Business
    • Smart Shipping
    • Sustainability
    • Trade
    • Trending Topics
    • Regulations
  • Future of Logistics
  • Ship for Success
  • Emerging Markets Index
    • Overview
    • Rankings
    • Survey
    • Videos
    • Downloads
  • Smart Shipping
Search
Close

FUTURE OF LOGISTICS

Home

Modern Slavery

Modern Slavery
All Blogs| Emerging Markets| Sustainability| Trade

Modern Slavery

  • 28 June 2018

SHARE POST

Share on twitter
Share on facebook
Share on linkedin
Share on print

The United Nations calls modern slavery – human trafficking, child labor and debt labor – the world’s second-largest criminal industry.

Efforts to monitor and crack down on modern slavery have forced companies worldwide to scrutinize their supply chains.

The most widely known attempt to mandate corporate transparency is the United Kingdom’s Modern Slavery Act of 2015. As a result of annual reporting by companies, the UK government estimates that at least 13,000 people are victims of forced labor, sexual exploitation or domestic servitude, Thomson Reuters reported recently. More than 5,000 potential victims were referred to UK authorities last year, a record number.

Worldwide, the Council on Foreign Relations estimates there are 40.3 million victims of enslaved labor and that one in four victims is a child. The Modern Slavery Act “has done a lot to raise awareness,” Kate Roberts, head of office at the Human Trafficking Foundation, told Thomson Reuters. “Unfortunately, in practice, we’re still waiting to really see many tangible outcomes from it yet.” The Business and Human Rights Resources Centre notes similar “lagging” efforts in FTSE 100 firms with operations in the UK.

How it works

  • Who reports: Any organization that conducts business in the UK and has an annual profit of £36 million ($50.1 million) must issue a statement within six months of the financial year’s end detailing how it has audited the supply chain and operations for slavery risks and violations.
  • What to report: There is no template for the report, but it should be concise, written in English, approved by the organization’s board of directors; signed by the director or equivalent, and published on the organization’s public website, linked to from the homepage. UK subsidiaries, UK branches and global organizations with a significant presence in the UK (including offices, assets, clients and trade relationships) are also beholden to this obligation, a Harvard Law School forum on corporate governance and financial regulation suggests.
  • How often to report: Annually. Each year’s report should show improvement in corporate transparency – meaning that the organization’s workforce is being educated about modern slavery, policies are being created to prevent slavery or protect those who fall within a risk category (seasonal workers, unskilled laborers and those who work in potentially dangerous environments), and resources such as budget and staff are being allocated to address risks within the organization.
  • Failing to report: The consequences include an injunction from courts to comply, and possibly a fine.
  • Accountability: The Modern Slavery Registry (modernslaveryregistry.org) keeps track of all published reports across 27 sectors, ranging from capital goods and consumer services to pharmaceuticals. This website also measures organizations’ compliance with the Modern Slavery Act; as of April 2018, only 19 percent met all minimum requirements.

SHARE POST

Share on twitter
Share on facebook
Share on linkedin
Share on print
PrevPrevious ArticleFair Labor
Next ArticleTarget ZeroNext

RELATED POSTS

A Guide to the Digital Supply Chain

Digital technology is changing the way the world does business and doing so at an extraordinary pace.

Read More »

The secrets of scaling your startup

Since Homoola launched in 2016, the business has scaled up rapidly, carrying more than 7,000 loads in the first year and seeing average monthly growth of 35%.

Read More »

Kuwait: the startup powerhouse that’s just getting started

Can Kuwait transform itself into an innovation hub and a private sector-led knowledge economy?

Read More »

LATEST POSTS

Modeling Tool

Modeling Tool

The Cutting Edge of Supply Chain Design: Low carbon shipping options can be immediately identified using a new modeling tool created by Agility.
Read More
DevOps: For the Logistics Industry, the Time is Now

DevOps: For the Logistics Industry, the Time is Now

With COVID-19 accelerating digitalization, the pressure is on for logistics industry players to industrialize their digital transformation programs.
Read More
Future-proofing the Supply Chain

Future-proofing the Supply Chain

The greatest immediate threat isn't the pandemic, it's trade protectionism.
Read More
Data-Driven Decision Making and How to Get There

Data-Driven Decision Making and How to Get There

Accurate data and effective supply chain technology are more critical now than ever before.
Read More

STAY CONNECTED

Twitter
Facebook
Linkedin
Youtube
Vimeo
Future of Logistics Subscribe

SUBSCRIBE TODAY

Understand what matters. Get insights into the ideas, trends, technology and strategies shaping the Future of Logistics.

Subscribe
Agility Logo White
Agility is a leader and investor in technology to enhance supply chain efficiency, a pioneer in emerging markets logistics, and the leading provider of digital tools that empower small businesses and individuals to manage their logistics online.
Twitter
Linkedin-in
Facebook-f
Youtube
Instagram
Whatsapp

Download Application

   

NAVIGATE

Agility Insights

COVID-19 Updates

Emerging Markets

Future of Logistics

Ship for Success

Smart Shipping

Resource Center

Topics

Digital Innovation

Emerging Markets

For Startups

Incoterms

Regulations

Trade

Topics

Trending Topics

Shipping Tutorials

Small Business

Sustainability

Visit Us

Agility.com

Agility Ventures

Agility Logistics Parks

Investor Relations

Sustainability

Worldwide Directory

Shipa.com

Copyright 2021 Agility
   |   Privacy Policy   |   Terms & Conditions

   Connections   |  Employee Webmail

Like many websites, Agility uses cookies to personalise your browsing experience. Learn moreAccept & Close