Expert Legal advice from Solicitors In Manchester And London on the modern slavery act
Modern slavery affects billions of people all over the world, including the UK. Every business has a responsibility to prevent exploitation happening in your business and in any part of your supply chain. Some businesses will be required to submit transparency statements to report on anti-slavery and anti-human trafficking efforts.
What businesses are affected by the Modern Slavery Act?
The reporting requirements of the Modern Slavery Act applies to any company that supplies goods or services in the UK with a turnover of at least £36million. The turnover includes all subsidiaries that do business in the UK.
For smaller business there is no legal requirement to report but it is encouraged. A small business may also be indirectly affected by reporting obligations if they are in the supply chain of a large company. You may be required to report your modern slavery efforts to the large company as part of their monitoring and transparency efforts.
Additionally, for small businesses looking to do business with certain organisations, transparency reporting may be required as part of the tender or bidding process.
What is a Transparency Statement and what should it include?
Transparency Statements must be supplied by businesses with a certain turnover who supply goods or services in the UK. They are design as an attempt to tackle the issue of modern slavery and human trafficking. The aim is to make businesses more responsible for human trafficking in their business and in their wider supply line.
In short, the Transparency Statement should include statements of the businesses policies for preventing slavery and human trafficking in their supply line.
Some of the information to include in your transparency statement includes:
- Business structure and supply chain
- Policies for preventing human trafficking
- Most at risks areas in your supply chain
- Steps taken to assess and manage risk
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A business that supplies goods and services need to abide by the Modern Slavery Act by having a Transparency Statement in place.
If you do not have a Transparency Statement in place then this may result in having a negative impact on your brand image as this information is available to the public. Furthermore, The Secretary of State may seek an injunction through the Courts to enforce you to publish a Transparency Statement, to which you would face a fine if you were found to be in contempt of court.
The Transparency Statement is a document outlining the steps and procedures in place to tackle slavery and human trafficking in the business’ daily operations and supply chain. A Transparency Statement may include:
- Your organisation structure and supply chains
- The policies and strategies in place to avoid slavery and human trafficking
- Identify areas in the business that are prone to slavery and human trafficking
- The procurement process of your suppliers
- Your suppliers code of conduct
- A risk assessment of slavery and human trafficking of your suppliers
- The effectiveness of its current strategy and measures in place
- Staff Training to make staff aware and be able to identify possible slavery and human trafficking
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