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UK: Analysis of FTSE 100 Modern Slavery Act statements finds few rigorous enough
Author: Jane Croft, Financial Times, Published on: 15 October 2016
"FTSE 100 slow to report on fight against modern slavery", 15 Oct 2016
Marks and Spencer and SABMiller, now part of Anheuser-Busch InBev, were the only two FTSE 100 companies so far to issue rigorous statements on their actions to combat the risk of modern slavery in their supply chains, a study has found...
... 27 groups in the FTSE 100 have reported under the Modern Slavery Act. Their statements were analysed and the companies scored on their actions and extent of their disclosure under the legislation, in a report by the Business & Human Rights Resource Centre.
The study concluded that most companies provide too little information on the structure and complexity of their supply chains. It says that without this crucial understanding their own operations, companies are unlikely to be able to take action on slavery — especially if they are global groups with complex supply chains.