On Wednesday March 5th, the Modern Slavery Bill passed through the House of Lords with a number of key amendments to the Supply Chains clause for companies.
The Modern Slavery Bill consolidates the current offences relating to trafficking and slavery, and is due to be passed into law by May 2015. It contains a specific supply chains clause requiring businesses to report annually on the action they have taken to ensure there is no modern slavery in their business or supply chain.
The primary amendments in the House of Lords will require a director to approve or sign a company's annual slavery and human trafficking statement, and also give guidance to the areas which may be included in the annual statement. These final changes are being debated in parliament on March 17.
The government is currently consulting on two aspects of the bill:
To give time for the consultation to complete and such the requirement for businesses is not likely to commence until October 2015.
Download our quick reference Modern Slavery Bill supply chains overview.
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