Fifty Eight
  • Home
  • About Us
  • Training and Education
    • Governance Briefings
  • Support Service
  • Research
  • Solutions
  • News
  • Jobs
  • Contact

News

How the Modern Slavery Act impacts companies and public procurement in the North West

10/2/2016

 
Picture
Source: Corporate approaches to addressing modern slavery, Ashridge / ETI
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 will 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, will need to produce an annual modern slavery statement which must be approved by the board of directors, and signed by a director or equivalent. Most organisations might think they are low risk, however, a recent study by Ashridge Business School and the Ethical Trading Initiative found that 71 per cent of companies believe there is a likelihood of modern slavery occurring at some point within their supply chains.

The requirement for medium and large companies is clear - but how does the Modern Slavery Act impact SMEs, Social Enterprises, Charities and public procurement practices?​

Read More

    Recent Tweets

    Tweets by follow50eight

    Archives

    June 2019
    April 2019
    December 2018
    January 2017
    November 2016
    February 2016
    October 2015
    July 2015
    May 2015
    March 2015
    February 2015
    November 2014
    October 2014


    Categories

    All
    Australia
    Central Africa Republic
    Child Labour
    Democratic Republic Of Congo
    Ethiopia
    Modern Slavery Act
    New Zealand
    Supply Chains
    United Kingdom


    RSS Feed


We support

2030hub Liverpool
WEST Principles
Alliance 8.7

Fifty Eight

​Home
About
​Training and Education
Governance Briefings
Support Service
Research
Solutions
Resources
​

UK Modern Slavery Act
​
​New Zealand - Modern Slavery
California Transparency in Supply Chains
​Australian Modern Slavery Act

Recent tweets

Tweets by follow50eight

Get in touch

Fifty Eight
United Kingdom
New Zealand
USA

Contact Us


Picture
© 2019 Fifty Eight | Privacy | Terms


Photo used under Creative Commons from USEmbassyPhnomPenh
  • Home
  • About Us
  • Training and Education
    • Governance Briefings
  • Support Service
  • Research
  • Solutions
  • News
  • Jobs
  • Contact