The Modern Slavery Act 2015 requires commercial organisations to prepare and publish an annual modern slavery statement if they:
- Carry on a business or any part of a business, in the UK;
- Have an annual turnover of £36m or more; and
- Supply goods or services.
Organisations are not expected to guarantee that all their supply chains are ‘slavery free’. However, statements must describe the steps your organisation has taken during the financial year to deal with modern slavery risks in your supply chains and your own business.
If your organisation has taken no steps to deal with modern slavery risks, you must still publish a statement setting this out.
The Home Office’s statutory guidance recommends that you cover the following 6 areas in your statement:
- Organisation structure and supply chains;
- Policies in relation to slavery and human trafficking;
- Due diligence processes;
- Risk assessment and management;
- Key performance indicators to measure effectiveness of steps being taken;
- Training on modern slavery and trafficking.
How we can help
We are increasingly being asked to compile Modern Slavery Policies for companies that do not meet the above criteria. In some circumstances it may be that a simple statement is required, however if you require a full Modern Slavery Policy our experienced consultants can assist you with compiling, regularly reviewing and updating the policy.
If you would like to talk to us about your policy requirements, please contact our expert consultancy team on 01708 555544 or complete the enquiry form.