Investors support inclusion of supply chain reporting in Modern Slavery Bill
All components of this story
Letter from investors to UK Prime Minister supporting inclusion of supply chain reporting requirements in Modern Slavery Bill
Author: Alliance Trust, Aviva Investors, Boston Common Asset Management, BNP Paribas Investment Partners, Calvert Investments, Christian Brothers Investment Services, CCLA, Ecclesiastical Investment Management, Hermes Investment, Henderson Global Investors, Joseph Rowntree Charitable Trust, Newton Investment Management, The Pensions Trust, Rathbone Brothers, Royal London Asset Management, WHEB Asset Management
We are writing to welcome the Government’s decision to introduce corporate supply chains transparency reporting within the Modern Slavery Bill. As shareholders we have concerns that failure to manage human rights issues in increasingly complex supply chains may pose significant risks to business, and welcome moves which help increase transparency around supply chain management.
Author: Rathbone Investment Management, Hermes Investment Management
Investors with a total of £940billion in assets under management are backing the Government’s recent commitment to include proportionate supply chain reporting requirements in the Modern Slavery Bill. The Government’s introduction of the Modern Slavery Bill gives Parliament an opportunity to act decisively to protect the victims of modern slavery, and thereby establish the most effective regime in the world for the prosecution of slave masters and traffickers. More than 20 asset managers have already added their support for the inclusion of Transparency in Supply Chains (TISC) legislation within the UK Modern Slavery Bill, including; Rathbone Investment Management; Hermes; Aviva Investors; Alliance Trust; BNP Paribas; CCLA; The Church Commissioners; Henderson Global Investors; Royal London Asset Management; WHEB; The Pensions Trust; The Joseph Rowntree Charitable Trust; Barrow Cadbury Trust; Boston Common Asset Management; Calvert Investments; Christian Brothers Investment Services, Inc; CBF Church of England Funds; Church Commissioners for England; Church of England Pensions Board; Ecclesiastical Investment Management; Newton Investment Management; Worcester Diocesan Investment and Glebe Committee.
Author: Transparency in Supply Chains Coalition
This briefing has been prepared on behalf of a coalition of corporate accountability, fairtrade, development and anti-slavery groups who are campaigning for effective measures on supply chain transparency to be included in the Bill. We strongly support the Government’s introduction at Report Stage in the House of Commons of a measure to address transparency in the supply chain in respect of Modern slavery. This was in response to clear cross-party support for a reporting requirement to be included within the Modern Slavery Bill. However, we believe that the amendment that has been added to the Bill must be strengthened in several areas if it is to be effective