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25 Sep 2015

Interfaith Center on Corporate Responsibility (ICCR)

USA: Investors urge legislators to support the Business Supply Chain Transparency on Trafficking and Slavery Act of 2015

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Over 100  investors representing U.S. and international public pension funds, unions, faith institutions, and socially responsible asset management firms that collectively represent over $1 trillion in assets under management, sent a statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, and the House of Representatives  Financial Services Committee urging strong bi-partisan  support for The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 (H.R. 3226/S.1968).  The new bill calls on corporations to strengthen their commitments to end human trafficking and modern day slavery by requiring them to disclose the policies and management systems they have in place to better identify and eradicate these violations within their global supply chains. Specifically, the bills would require public disclosures around auditing and verification procedures, risk assessments, training, remediation plans and accountability mechanisms that address trafficking and slavery risks.