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Modern Slavery Act 2015 – What are the implications?
From 1 October 2015 employers with an annual turnover of more than £36 Million will be required to produce and publish a slavery and trafficking statement each year. Here we ask about the Modern Slavery Act 2015 – What are the implications?
Section 54 of The Modern Slavery Act 2015 is the legislation that will attempt to resolve the issues of slavery with the requirement of the statement. The statement will need to include items such as:
- The company’s supply chain structure
- Due diligence process
- A risk assessment about parts of the supply chain that may cause problems
- Steps taken to counter the risk
- Training issued to staff on the subject
The statements will have to be signed off and produced by the top tier of the company. Each year the statements will have to be revisited, adjusted, signed off and published.
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