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5 Aug 2021

Nga Pham, Bei Cui, & Ummul Ruthbah, Monash Centre for Financial Studies

Modern Slavery Statement Disclosure Quality: ASX100 Companies

Key Findings:

  • There is a wide dispersion in terms of the disclosure quality of the Modern Slavery Statements 2020 submitted by S&P/ASX100 companies.
  • Companies with the best modern slavery disclosure scores are Woolworths, Fortescue Metals, Wesfarmers, Westpac, and Ansell.
  • Companies with weak disclosure scores include IDP Education, Fisher & Paykel Healthcare, Cleanaway, Resmed and Nine Entertainment.
  • Large companies with large number of employees and big supply spend scored well on modern slavery disclosure quality.
  • Good modern slavery statements showed a history of continued effort in managing modern slavery and other human rights issues.
  • The most common specific modern slavery risks assessed and mentioned by the companies are forced labour, child labour and debt bondage.