According to a 2017 publication of the UK government Home Office, there were an estimated 40 million people in slavery globally in 2016 and 10,000–13,000 potential victims in the UK—a staggering figure.
In the UK Modern Slavery Act 2015, the government solidified this need by introducing an important new provision focused on transparency. The provision requires commercial organisations to publish an annual slavery and human trafficking statement. The statement 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 a business or its supply chains.
The challenge for businesses is that it is difficult to gauge the level of risk with each supplier. Businesses that distribute supplier questionnaires via long PDF and Excel forms will struggle to ensure red flags don’t slip through the cracks. Missing out vital information could lead to huge fines and irreparable damage to your business' reputation.
VinciWorks has built a best-practice modern slavery reporting solution that allows businesses to collect all necessary data from their suppliers, easily flag high-risk countries and take any action required to reduce the risk of slavery in the supply chain.
Red flags could include:
All responses that require action can be flagged, allowing procurement officers to take immediate action when necessary. The centralised dashboard gives a full view of any risks that have been flagged. Both the questionnaire and dashboard are fully customisable.
Send your suppliers the centralised form and set automatic reminders to complete the form.
Get a full view of any risks in your supply chain via the dashboard.
Flag any questionnaire responses that require further action and decide on any remedial action.
Apply measures to solve issues in the supply chain and prevent issues in the future.