Under the Modern Slavery Act 2015 (the Act) every company that carries out business in the UK which has an annual turnover of £36 million or more must publish a slavery and human trafficking statement for each financial year. If a company doesn’t meet this annual turnover threshold, it’s not legally required to publish a statement. However, not only do many exempt companies voluntarily do so, the government is actively encouraging all companies to publish these statements.
The purpose of the slavery and human trafficking statements is to create transparency in supply chains and make businesses responsible for preventing modern slavery from occurring in their organisations and supply chains. The reason the government is encouraging smaller companies to get involved is that its research shows larger companies are reluctant to deal with smaller businesses that don’t have statements.
In the absence of a statement, the larger company can’t be certain about their supply chain. The upshot is that the smaller business will probably lose out.
At the very least, a statement should cover your business’s: structure; type of work; supply chains; policies in relation to slavery and human trafficking; due diligence processes and the training and capacity building about slavery and human trafficking available to its staff.
Template 5.3 Anti Slavery Policy template is available to download for members.
Note: This policy will be updated within the to the Employment Guide 2019 and will be issued in September 2018