When UK citizens go to the polls on July 4, Labour is widely expected to win by a landslide, which will mean changes are anticipated in many sectors. What has Labour pledged to do about tackling the issue of modern slavery and supply chains?
What is modern slavery?
Modern slavery is the term used to describe some of the world’s worst forms of exploitation, including human trafficking, domestic servitude, child labour, debt bondage, forced marriage, sexual exploitation and more. It is estimated that as many as 40 million people are now trapped in modern slavery worldwide, more than at the peak of the transatlantic slave trade in the 1800s.
A number of countries have enacted tough legislation to combat modern slavery in the corporate world by increasing transparency in companies’ supply chains.
Modern slavery acts in the UK, EU, US, and other countries around the world require large companies to publicly disclose information about their efforts to eradicate human trafficking and slavery within their supply chains. These statements must include a report of the steps taken during the past financial year to ensure that these human rights violations are not taking place in any part of the business or its trading partners. It is expected that a growing number of countries will adopt similar legislation in the future.
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