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Article

23 May 2023

Author:
Hans van Leeuwen, Financial Review

Global: 2023 Global Slavery Index reports 20 per cent increase in modern slavery, 173 per cent within Australia, despite legislation

"From fashion to solar panels, taint of slavery stalks firms", 23 May 2023

[...]

The 2023 index estimated that 50 million people were living in modern slavery – either in forced labour or forced marriage – on any given day in 2021.

That was an increase of 20 per cent from the 2018 index, including a 173 per cent increase to 41,000 people within Australia – even though that was the year Australia legislated to force companies to report on forced labour in their supply chains.

Ms Forrest said [...] it was time for Australian businesses to face financial penalties if they did not meet their modern slavery reporting obligations.

“Modern slavery became a top-four board priority for the ASX 200 after the introduction of the Modern Slavery Act. No-one could say they’re not familiar with it, so why are we still seeing these increased rates?” she said.

[...]

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