By Alice Lepeuple (June 9, 2022, 11:08 BST) — On May 10, a new Modern Slavery Bill was announced by the British government during the Queen’s Speech. The bill aims to increase the accountability of commercial and public organizations in addressing modern slavery in their supply chains.
Two weeks before the announcement, a Financial Reporting Council, or FRC, report on modern slavery reporting practices in the UK found that one in 10 organizations had failed to comply with the requirement to the Modern Slavery Act 2015 to issue an annual modern slavery statement, while 1 in 3 organizations issued a shoddy statement.
This article explores whether the new bill can…
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