Print article ASX 100 companies report on modern slavery
6 September 2021
Fortescue Metals, Woolworths and Wesfarmers are among the best ASX 100 companies at identifying and reporting on modern slavery risks in their supply chains, while IDP Education, Cleanaway and Nine Entertainment – publisher of The Australian Financial Review – are among the worst.
Monash University has ranked the modern slavery processes of top listed companies, following the implementation of the Commonwealth Modern Slavery Following the act’s commencement in 2019, this is the first time ASX 100 companies have been required to report on modern slavery risk in their supply chains.
The laggards – IDP Education, Fisher and Paykel Healthcare, Cleanaway, Resmed and Nine Entertainment – have disappointing frameworks for identifying whether
“It could be the case they have done something about their modern slavery requirements but did not report it,” said Dr Pham.
“But generally, the poor segment offered a very general description of the supply chain which isn’t good enough and doesn’t give any insight into the complexity or location of the suppliers.”
Nine Entertainment, a media company with holdings in radio and television broadcasting, newspaper publications and digital media, scored 22.7 out of 100. A spokeswoman said the nature of the business meant that the risks were inherently low for a media business.
“Nine’s business is not inherently risky from a modern slavery point of view, given our operations and our people are primarily located in Australia and so protected by Australian workplace laws,” said the spokeswoman.
“Our supply chain is primarily major international content producers and other substantial, well-regarded businesses operating in Australia or other well regulated countries which, similarly to the Nine business, do not have significant modern slavery issues.”