Is there a risk of modern slavery in your business?

January 28, 2021

Modern Slavery is the serious exploitation of other people for personal or commercial gain. An estimated 40 million people are victims of modern slavery worldwide, including within Australia.

While few businesses would knowingly engage in exploitative practices, we all share a collective responsibility to guarantee our goods and services are not products of modern slavery.

Legislation is now in place requiring organisations with an annual revenue of more than $100 million to prepare and publish a modern slavery statement. The statement must address seven criteria including the identification of the risk of modern slavery within business operations and supply chains and setting out steps to address the risk.

Sustainable organisations committed to acting ethically do not tolerate modern slavery, servitude, human trafficking or forced labour. Taking action not only helps to identify potential victims of modern slavery it ensures compliance with the legislation and helps to continually improve performance.

Addressing the risk of modern slavery also helps address Sustainable Development Goal 8.7:

“Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms.”

As sustainability specialists, Cress Consulting is ideally positioned to assist you identify the risk of modern slavery occurring in your business and set out steps to address that risk.

Please click here to learn more on Modern Slavery and how it can affect your business. Or get in touch with one of our team to learn more.

Cress Consulting are sustainability, risk and water specialists, committed to finding the right solutions to help you secure a more sustainable, secure future.If you would like help to find the right solutions to a more sustainable, secure future, please contact us here.

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