Modern Slavery Statistics & Best Practices for Compliance

Implementation of best practices, including thorough staff training, will help to control risks and maintain a powerful stance against modern slavery.

What is Australia's Modern Slavery Act and How To Comply?

In 2018, the Australian government enacted a new law, the Modern Slavery Act, to require companies to do more to assess and address the modern slavery risks in their business operations and supply chains.

Does my company need to comply with Australia’s Modern Slavery Act?

The mandatory reporting and other requirements under Australia’s Modern Slavery Act apply to companies and other entities operating in the Australian market.

I have 100,000 suppliers. Can your platform handle that?

MSA360 is designed for scale. The workflow automation, pre-configured templates and analytics are designed to automate assessments of thousands of vendors.

Once I submit my company’s first modern slavery statement to the Australian government, what key elements do I need to put in place to ensure that my company maintains an ongoing compliance program?

The Australian government expects to see continuous improvement from all reporting entities.

How quickly can I get up and running with your platform?

MSA360 is fully configured out-of-the-box solution. Hence, you can be up and running in as little as a week.

2018 Global Slavery Index

The 2018 Global Slavery Index provides a country by country ranking of the number of people in modern slavery, as well as an analysis of the actions governments are taking to respond, and the factors that make people vulnerable.

How do I create an inventory of my company’s external suppliers?

In order to meet the disclosure requirements in your annual Modern Slavery Act report, it is important that you create a map of your suppliers by criticality and modern slavery risk.

OECD Due Diligence Guidance for Responsible Business Conduct

The OECD Guidelines for Multinational Enterprises recommend that enterprises conduct due diligence in order to identify, prevent or mitigate and account for how actual and potential adverse impacts are addressed.

UN Guiding Principles on Business and Human Rights

Implementing the United Nations “Protect, Respect and Remedy” Framework. These Guiding Principles apply to all States and to all business enterprises, both transnational and others, regardless of their size, sector, location, ownership and structure.

What are my company’s reporting requirements under Australia’s Modern Slavery Act?

Your company’s annual modern slavery statement must identify reporting entity and explain structure, operations, and supply chains of reporting entity.

Is your risk scoring aligned with the requirements of Australia’s Modern Slavery Act?

Yes. Our risk scoring is aligned with Australia’s Modern Slavery Act. Broadly speaking, our scoring methodology is built around differential weights.

How many times do I need to require my suppliers to complete these modern slavery assessment questionnaires?

Companies are required to submit their modern slavery statement to the Australian government each year.

What is your source of credibility?

We have an internal Regulatory and Risk Management team which has expertise in the modern slavery legislation.

I have several hundred suppliers that I will need to assess within the next few months. How can I complete this task in time without adding additional employees?

Australia’s Modern Slavery Act does not mandate the process that companies must use to assess and address modern slavery risks in their operations and supply chains.

Can we import our existing supplier data into your tool or do we need to start from scratch?

Yes, you can bulk import your current supplier data very easily into the tool using templates that are available in the platform.

How do I score the responses to a modern slavery questionnaire? How do I identify high risk versus low risk suppliers?

The Australia Modern Slavery Act does not require companies to certify that their operations and supply chains are slave-free.

Can I add my own questions or edit the ones in the platform?

Yes, you can edit the out-of-the-box questionnaire to fit your needs. You can add/modify/delete sections.

Once I have mapped my suppliers, how do I assess their modern slavery risks? What questions do I need to ask my suppliers as part of this assessment process?

The Modern Slavery Act does not prescribe specific questions that companies should ask their suppliers.

Are Modern Slavery Questions included?

Yes, a full set of supplier and supply chain related questions created by CENTRL experts are available in the platform.

What are the key components to developing a holistic Modern Slavery Act compliance program?

There are 5 broad components to building a complete MSA Compliance program. Establish an overall governance and oversight program with formal policies and procedures.

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