Britain’s Modern Slavery Statements described as “wholly inadequate”
Britain’s Modern Slavery Act 2015 requires companies with a turnover of 36 million pounds to produce annual statements outlining actions they have taken to minimise the risk of slavery in their supply chains. But only half of the 19,000 companies affected by the legislation produced statements in 2017, according to the Transparency in the Supply Chain database.
A study by the Business and Human Rights Resource Centre found that whilst the majority of Britain’s largest 100 FTSE companies required to provide statements did, most of the statements were vague and lacked detail. Retailer Marks & Spencer performed best of the 100 firms included in the study.