Modern slavery risk reporting: What are businesses required to do?

  • Modern slavery reporting requires businesses to map their supply chain and analyse their modern slavery risk.
  • Under the reporting requirements supply chain is not limited to first-tier suppliers.
  • Maintaining a complete and accurate list of suppliers is essential to supply chain mapping.

View of woman's back with barcode tattoo neck

With the introduction of a bill mandating a modern slavery reporting requirement, Australian businesses are starting preparations for publicly reporting on their own operations and supply chains. At the heart of the bill is the process of human rights due diligence: an exercise by which a business identifies, prevents, mitigates and accounts for human rights impacts.1 It is an outward-looking process that focuses not on the risk to the business, but the risk to those whose rights are, or may be, impacted.

Norton Rose Fulbright in conjunction with the British Institute of International and Comparative Law recently launched the findings of a second comprehensive study in relation to human rights due diligence. The study involved a detailed analysis of the human rights programs in ten businesses identified as leading in the arena. The findings published online demonstrate that human rights due diligence involves a multi-layered process, that is ongoing and subject to regular review.

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