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Modern Slavery Statements

The Modern Slavery Act 2018 mandates businesses that generate over $100 million (AUD) in annual consolidated revenue to submit a comprehensive modern slavery statement. This reporting requirement aims to identify, prevent, and mitigate slavery risks within business operations and broader supply networks. Our team of experts helps you navigate the complexities of the Modern Slavery Act, ensuring your business not only complies but also thrives through robust supply chain risk assessment and gap analysis, ethical practices, and enhanced stakeholder trust.

Implementing robust modern slavery measures drives long-term value for organisations and unlocks numerous benefits:

Long-term Cost Savings

Enhance operational efficiency with a streamlined supply chain and improved vendor management.

Reduced Reputational Risk

Prevent modern slavery in your operations and supply chains to protect your company's image and avoid negative publicity and potential boycotts.

Increased Stakeholder Trust

Build trust with consumers and stakeholders through proactive measures to ensure ethical practices and transparency.

Talent Attraction and Retention

Attract and retain a motivated, loyal workforce aligned with your company’s values and commitment to combating modern slavery.

Competitive Advantage

Differentiate your company by setting high standards and committing to fighting modern slavery, leveraging this for effective marketing, branding, and customer engagement.

The Growth Activists Modern Slavery Statement process includes:

01.

Board and C-Suite Education

We facilitate comprehensive training for your board and executive team, ensuring they understand the importance of modern slavery compliance and are equipped to lead the initiative effectively.

02.

Customised Compliance Checklist

We develop a tailored compliance checklist for your organisation, covering all critical aspects from risk assessment to reporting to ensure adherence to the Modern Slavery Act.

03.

Supply Chain Mapping

We conduct a detailed mapping of your supply chain to identify potential modern slavery risks and vulnerabilities, highlighting high-risk areas for focussed attention.

04.

Reporting Systems

We implement accessible, confidential reporting systems that ensure individuals feel safe raising concerns and enable timely investigation and remediation.

05.

Modern Slavery Statement

We help craft a Modern Slavery Statement that aligns with your core values and ESG strategies, ensuring anti-slavery measures are prioritised and reinforcing your company’s dedication to such.

Why The Growth
Activists?

We provide expert insights and guidance to enhance your business operations and supply chain practices, ensuring your company meets social responsibility expectations or compliance. By partnering with us, your organisation’s Modern Slavery Statement not only meets regulatory requirements but also reflects your company’s commitment to ethical practices and doing right by people.

Becoming a B Corp Unlocking Impact and Value

Becoming a B Corp is a powerful way to show an organisation’s commitment to meeting the highest standards of verified social and environmental performance, public transparency, and legal accountability, and aspire to use the power of markets to solve social and environmental problems.

FAQs

What is the Modern Slavery Act?

The Commonwealth Modern Slavery Act 2018 came into effect on 1 January 2019. This legislation introduced a Modern Slavery Reporting Requirement for large businesses and various entities operating in Australia that generate over $100 million in annual consolidated revenue.

Why is modern slavery compliance important?

Modern slavery compliance is vital because it shows your company’s commitment to ethical practices and the protection of vulnerable individuals. By complying with regulations, you enhance your business’ reputation, build trust with stakeholders, and avoid negative publicity. It also helps improve operational efficiency and risk management, making your business more competitive and resilient. Demonstrating a proactive stance against modern slavery can attract customers and partners who value ethical business practices.

How long does it take to develop a modern slavery report?

The duration varies based on the organisation’s size and complexity, typically taking a few weeks to a few months to develop a tailored compliance checklist and statement.