Understanding the Implications of the UK Modern Slavery Act for Your Brand
Discover the implications this legislation has on your reputation, corporate social responsibility, and supply chain practices.
What is the UK Modern Slavery Act?
The UK Modern Slavery Act is a law in the United Kingdom that aims to combat modern slavery, such as forced labor and human trafficking. It applies to large businesses operating in the UK and requires them to take action against modern slavery. The Act has legal consequences for those involved in such practices and has encouraged businesses to tackle the issue in their supply chains.
The UK Modern Slavery Act has been passed and is currently in force. It was enacted in 2015 and has been in effect since then.
Who does it apply to?
The UK Modern Slavery Act applies to all businesses operating in the UK with an annual turnover of £36 million or more, regardless of their origin or industry. It also requires specific public sector organizations, such as government departments and local authorities in England and Wales with a budget exceeding £36 million, to comply with transparency in supply chains reporting requirements.
How to address it?
To address the UK Modern Slavery Act, businesses should assess and mitigate risks of modern slavery, implement policies and procedures to prohibit it, and provide training to employees. They should conduct due diligence on suppliers, publish annual statements on actions taken, and collaborate with industry peers to enhance transparency in supply chains.
UK Modern Slavery Act made easy with CommonShare
|UK Modern Slavery Act Requirements
|Features in CommonShare
|Transparency in Supply Chains
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- Easily gather and share data with business partners and regulators
Bridge data gaps with suppliers across the supply chain.
- Stay ahead of UK Modern Slavery Act
Connect products to supplier-sourced materials and ingredients.
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Combat non-compliance by easily identifying new sourcing partners.