Combatting Modern Slavery: moving beyond transparency
Many modern slavery laws to date have focused on requiring companies to review their supply chains and report on modern slavery risks and the actions being taken in response. With modern slavery a growing problem, public policy in some jurisdictions appears to be shifting beyond transparency, to include a greater focus on outcomes.
Modern slavery encompasses forced labour and forced marriage. It refers to situations of exploitation that a person cannot leave because of threats, violence, deception, or other means of coercion.
According to the International Labor Organization (ILO), forced labour is the most prevalent form of modern slavery and is present to some degree in every country. It is also a growing problem.
As a responsible employer and asset manager IFM Investors is committed to identifying, assessing and mitigating modern slavery risks and impacts in both our operational supply chain and the supply chains of companies in the investment portfolios we manage.