At CCLA, we dedicate significant effort to engaging with individual companies to enhance their approach to addressing modern slavery. To support this work, we also engage with UK policymakers aimed at pushing for more progressive modern slavery legislation. One such example is our engagement with the Home Office Forced Labour Forum.
The CCLA Modern Slavery UK Benchmark 2024 shows that the number of leading UK companies finding evidence or indicators of modern slavery has increased. More UK companies are taking steps to address the issue, with average scores rising. But there is significant room for improvement in corporate responses to modern slavery, especially in helping its victims.
Our annual Find it, Fix it, Prevent it report outlines progress made by investors to combat modern slavery in company supply chains. Supported by investors with collective assets under management and advisory of £15 trillion, it has three complementary workstreams: corporate engagement, public policy and developing better modern slavery data.
CCLA's first benchmark on modern slavery seeks to create an objective assessment of corporate modern slavery performance. Findings show that while companies have policies in place, companies need to focus on implementing these policies and taking action when they find modern slavery.
In our latest article, we look at the role financial institutions can play in tackling modern slavery. We also share an update on our Find it, Fix it, Prevent it collaborative investor engagement programme which aims to use our leverage as investors to help companies find, fix, and prevent modern slavery in their supply chains.
