• Tuesday, April 30, 2024

Business

UK’s Top Firms ‘Wholly Inadequate’ In Tackling Slavery: Survey

Britain’s Home Office (interior ministry) said it had written to the heads of 17,000 of the about 19,000 businesses covered by the law telling them to comply or risk being named and shamed (Photo: DANIEL LEAL-OLIVAS/AFP/Getty Images).

By: Radhakrishna N S

British companies’ efforts to tackle modern slavery remain “wholly inadequate” three years after the country introduced some of the world’s toughest legislation on the issue, a study published on Monday (20) found. Britain’s 2015 Modern Slavery Act requires businesses whose turnover exceeds $48 million to produce an annual statement outlining actions they have taken to combat slavery in their supply chains. The study by the Business and Human Rights Resource Centre (BHRRC), a monitoring group, found that while most of the FTSE 100 largest companies listed on the London Stock Exchange complied, their statements were vague and lacked detail. “The…

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