Vital Facts About the UK Modern Day Slavery Act

Regulations attempting to mitigate modern day slavery from the supply chain are constantly evolving. Spotlight attention has now turned to the UK Modern Day Slavery Act. On the highest level, the act applies to all companies that do business in the UK, and break a revenue threshold of £36 million a year. Companies that fall in scope must publish a statement on their website disclosing their efforts to mitigate slavery from their supply chain.

A critical component to compliance with the UK Modern Day Slavery Act is proper statement disclosure. The formality of the statement is open to interpretation, but the Modern Day Slavery team at Source Intelligence has developed a detailed guide to engineering a reporting statement.

As time goes on, regulations will evolve and laws will become more stringent. It is extremely important to maximize visibility into your supply chain and maintain strong communication with your suppliers. Source Intelligence and experts from the Responsible Sourcing Network and Humanity United have created a comprehensive look into Modern Day Slavery that will aid in maximizing visibility in your supply chain.