The Modern Slavery Act 2015 requires large firms who have operations in the UK to report on their efforts to ensure there is no slavery, forced labour or trafficking in their business or supply chains.
From 31 March 2016, all companies with global annual revenues of £36m or more have to report against the transparency in supply chains requirement of the Modern Slavery Act.
At least 17,000 companies, both those based in the UK and international firms with UK operations who meet the revenue threshold, need to produce an annual modern slavery statement which must be signed by a director or equivalent, and be made available directly from the company homepage.
Annual Slavery and Trafficking Statement
The annual slavery and trafficking statement should include five general areas of activity, and for businesses who already produce an annual Sustainability or CSR report, the statement can be included as part of their existing reporting. The general areas of activity are:
The government has produced guidance which sets out the kinds of information that might be included in a disclosure, and some case studies of good practice including:
See more guidance, example modern slavery statements, and other resources here.
Modern Slavery Definition