Human Trafficking and Slavery (HTS)
Our coverage encompasses regulations relating to the offences of slavery, servitude and forced/ compulsory labor in addition to human trafficking.
Regulatory Content Overview
The growing complexity of supply chains around the world has made them prime targets for slavery activities. Beyond the ethical implications, companies must also consider the serious financial, legal, reputational and operational risks if the issue is not properly identified and addressed.
New legislation is gaining momentum globally with a marked trend toward mandatory corporate disclosure regimes. Some of the legislation in force also has extra-territorial effect and therefore may apply to companies outside of the jurisdiction in question. Modern slavery is therefore a hot topic in supply chain management.
Our coverage in C2P focuses on legislation that contains concrete obligations and/or restrictions on corporate entities regarding modern slavery in the supply chain such as reporting, transparency, disclosure and due diligence.
Regulations typically require retailers/manufacturers to:
- Report their efforts to eradicate slavery from their supply chains. This reporting obligation only arises in some cases where entities meet a certain profit threshold
- Undertake due diligence on suppliers, agents or contractors to determine compliance with company standards for human trafficking and for those entities to provide certification of compliance
- Provide training on mitigating human trafficking for employees and management responsible for supply chains
- Certify that materials incorporated into a product comply with human trafficking laws
Learn more about our Regulatory Coverage
Speak to one of our team today for more information on our regulatory content.