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Article

3 Aug 2017

Author:
Marnie Banger, Australian Associated Press

Australia: Investors demand new laws requiring corporate slavery checks and mandatory reporting on slavery risks

"Investors demand corporate slavery checks", 1 August 2017

Australian companies should be legally bound to check and report on slavery risks across their operations and supply chains, a major superannuation investor group says.

The Australian Council of Superannuation Investors (ACSI) has called for new laws requiring Australian firms to report annually on how they are ensuring that their global supply chains are free of slavery risks such as forced labour and deceptive recruiting...In submissions to...a federal parliamentary inquiry into modern slavery...ACSI says the growth and complexity of global supply chains and Australia's reliance on imports from countries vulnerable to slavery means local companies are increasingly exposed to slavery risks...

ACSI chief executive Louise Davidson said..."Self-monitoring and self-reporting have not driven adequate awareness of slavery risks and have allowed poor levels of transparency and accountability,"...