Overview

This bill mandates large UK retailers and manufacturers to publicly disclose their efforts to eradicate slavery and human trafficking from their supply chains. It requires specific actions and reporting, aiming to increase transparency and accountability within businesses.

Description

The Eradication of Slavery (UK Company Supply Chains) Bill compels retailers and manufacturers with over £100,000,000 in annual worldwide gross receipts to annually report on their anti-slavery measures. This report must be included in their annual report and published on their website. If a company lacks a website, the report must be provided to consumers within 30 days of a written request.

The disclosure must detail the extent to which companies:

• Verify product supply chains for slavery and human trafficking risks (specifying if verification was independent).
• Audit suppliers for compliance with company standards (specifying if audits were independent and unannounced).
• Require suppliers to certify compliance with relevant laws regarding slavery and human trafficking.
• Maintain internal accountability standards and procedures for employees or contractors failing to meet company standards.
• Provide supply chain management employees with training on slavery and human trafficking.

The bill also mandates assistance to victims of slavery discovered within supply chains and requires reporting of such actions in annual reports.

Government Spending

The bill does not directly specify government spending. The main cost would likely be associated with increased regulatory oversight and enforcement.

Groups Affected

• Large Retailers and Manufacturers: Required to implement anti-slavery measures, conduct audits, and publicly report their efforts. Potential costs include increased due diligence and reporting expenses.
• Suppliers: Faced with increased scrutiny and potential requirements for certifications.
• Consumers: Gain access to information regarding companies' efforts to combat slavery and human trafficking in their supply chains, potentially influencing purchasing decisions.
• Victims of Slavery: The bill aims to provide increased protection and support.

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