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Article

27 Mar 2014

Author:
Charlotte Malone, Blue & Green Tomorrow

Investors call for supply chain transparency legislation in UK modern slavery bill

Investors with a total of £195 billion in assets under management are calling for Transparency in Supply Chains (TISC) legislation to be embedded in the UK modern slavery bill. They argue that human rights abuses not only present ethical concerns but also place financial returns at risk.The group of investors say that complex supply chains can leave business vulnerable to association with human rights abuses and that embedding transparency legislation will encourage companies to take action. Failure to manage human rights abuses can “impact dramatically on companies and their shareholders” due to reputations being damaged and supply chains being disrupted, they added.

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