Encouraging Proactivity and Collaboration

The Modern Slavery Amendment Bill is set to redefine how businesses and organizations approach modern slavery risks. As we discussed in our last post, lowering the reporting threshold and introducing penalties for non-compliance encourages a more proactive stance on modern slavery.?

The bill is also proposing an innovative reporting framework, suggesting that companies may submit a comprehensive statement every three years, with only essential updates required in the interim. This approach balances the need for ongoing updates with the practicalities of reporting, making it more manageable for businesses to maintain compliance and focus on continuous improvement.?

An interesting component of the bill is the promotion of collaboration across sectors. By creating partnerships and sharing best practices, the bill aims to create a united front against modern slavery. This collaborative spirit is essential in addressing a challenge as complex and pervasive as modern slavery, which knows no borders.?

As we await further details on the implementation of these recommendations, it's clear that the path forward requires collective effort and shared responsibility.??

#Collaboration #Sustainability #HumanRights?