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Moving from paper to practice: ASX200 reporting under Australia’s Modern Slavery Act

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Summary

Until recently, there was no legal requirement for businesses to assess and address modern slavery risks in their operations and supply chain. The Modern Slavery Act (2018) now requires companies with revenue of over AUD$100M to publicly disclose their exposure to modern slavery risks. This has been published as complimentary guidance to the Australian Anti-Slavery bill which was passed in 2021.

Issuer

Australia

Year

2021

Region

Oceania

Issuer (type)

Australian Council of Superannuation Investors (ACSI) (Industry)

Instrument type

Act

Disclosure instrument

Yes

Geographical scope

National

Mandatory or voluntary

Voluntary

Text analysis

    • High 1.23%
    • Low 0.00%
    • E focus: recycling, waste, environment
    • S focus: conflict minerals, discrimination, forced labour, human rights, recruiting, recruitment, children
    • G focus: forced labour, human rights, conflict minerals
    • Accommodation, Administrative services, Agriculture, Construction, Education, Finance, Information, Management, Manufacturing, Mining, Professional services, Public administration, Real estate, Retail trade, Transportation