Time is ticking on the Modern Slavery Act. Organisations with a financial year ending 31 March 2016 have a looming compliance deadline in September.
Under the Act, organisations with over £36m in revenue must publish a slavery and human trafficking statement within six months of their financial year. This statement should detail the steps taken to identify and eradicate slavery from the supply chain, including:
- Slavery and human trafficking policies
- Due diligence procedures
- Risk assessments and KPIs
- Staff training
Forming a proper statement takes months of preparation. Policies need to be drafted, staff must be trained. Now is the time for all companies affected by the Act to start laying the groundwork for compliance.
VinciWorks has released a complimentary guide to compliance with with the Modern Slavery Act. Written by experts on the new law, the guide details the steps you must take to prepare a slavery and human trafficking statement. It includes sample statements, practical examples and checklists.
