The Home Office announced in July that the Modern Slavery Act’s transparency in supply chain clause will apply to all commercial organisations with a turnover of £36m operating in the UK. An estimated 17,000 businesses are captured by the new requirement. CORE welcomed the announcement that the turnover threshold has been set at the lowest of the options presented in the consultation document.
At the UN Forum on Business and Human Rights in December, the global reach of the reporting requirement in the Act was described as a potential “game-changer” on supply chain transparency.
The Home Office consulted with CORE and other civil society organisations during the development of its guidance on the company reporting requirement. The guidance clearly signals that it is not acceptable for businesses to ignore the issue and provides useful pointers to companies preparing reports.
CORE are currently working with partners to develop guidance from civil society on how companies can respond effectively and link actions to address slavery to broader human rights due diligence.