As of 1 January 2019 the clock started for business with directors accountable for annual public modern slavery statements that describe how the business is identifying and managing modern slavery risks
The Modern Slavery Bill is important because it marks one further step towards the introduction of legislation which will require companies to annually report on how they are addressing the risk of modern slavery in their operations and supply chain.
All businesses, and therefore all investments, have an impact on people and the planet, both positive and negative. Responsible investing seeks to minimise the negative effects generated by business and promote positive impacts, ultimately delivering a healthier economy, society and environment and underpinning a stronger investment outcome.
Thousands of companies in Australia are going to have to consider how they manage the risk of modern slavery in their businesses after Minister Hawke introduced the Modern Slavery Bill 2018 to the floor of the Federal Parliament today.