25th November 2015
Accountability and the Modern Slavery Act 2015
The Modern Slavery Act 2015 requires certain UK businesses to publish an annual statement on the steps taken to eliminate slavery and human trafficking in their business and supply chains.
Organisations with a financial year ending on or after 31 March 2016 will be the first required to make such a statement. Although there is no time limit in which to make the statement, organisations are expected to produce it as soon as reasonably practicable after the financial year end, and are encouraged to provide the statement within six months of the financial year end.
The Act aims to prevent all forms of labour exploitation and increase transparency of labour practices in supply chains. The Government has taken the view that organisations with significant resources and purchasing power are in a strong position to influence global supply chains, and estimates that 12,000 UK organisations will be affected by the Act.
For further information read our dedicated Accountability and the Modern Slavery Act 2015 information sheet or to contact our employment team, please contact Nick Hall on 01604 463375 or click here to email.