Human trafficking and slave labour: Regulation increases as consumers expect more
Rachel Stine reports on how the issues of trafficking and slavery represent increased legal and reputational risk for companies around the world
New efforts to combat human trafficking and slave labour have placed growing pressure on larger companies throughout the world to work towards eradicating trafficked and forced labour from their supply chains.
Legislation, reports, campaign efforts, and major incidents within the past year have increased awareness about the issue. Companies worldwide are being increasingly pressed to become more transparent about their efforts to eliminate all forms of forced labour.
In September 2010, California partnered with the Coalition to Abolish Slavery &Trafficking (Cast) and the Alliance to Stop Slavery and End Trafficking (Asset) to pass one of the most substantial pieces of legislation to encourage businesses to act against human slavery.
The California Supply Chain Transparency Act requires manufacturers and retailers in the state with more than $100m in annual worldwide turnover to disclose efforts to eradicate forced labour in their supply chains.
Global standards
Additionally, the...
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