This week, the Government consultation on the Modern Slavery Act transparency in supply chains clause closed.
The Modern Slavery Act requires businesses over a certain size threshold to annually report on the action they have taken to ensure there is no modern slavery in their business or supply chain.
The consultation was seeking feedback on the threshold for disclosure and guidance for exactly what should go into a company’s annual Modern Slavery statement.
Some key aspects of Fifty Eight’s response are outlined below:
Consultation responses will now be collated and reviewed, with full guidance for companies due to be published ahead of the supply chains requirement coming into force in October 2015.
Please feel free to get in touch to learn more about the requirements of the Act and how it might affect your business. You can also signup to our newsletter to receive regular updates.