Boston Common is one of more than 20 asset managers who have added their support for the inclusion of Transparency in Supply Chains (TISC) legislation within the UK Modern Slavery Bill. A letter of support was sent to the UK Prime Minister and Home Secretary and Minister of State for Modern Slavery on November 14th. The Statement calls on the UK Government “to ensure that the supply chains reporting requirement included in the Modern Slavery Bill demonstrate the following pertinent features:
- Requires disclosure which focuses on evidence of a suitable policy
- Requires disclosure which covers the process for identifying risks in the supply chain; which parties have been involved in the assessment of such risks; and the range of actions taken to address those risks where identified, alongside appropriate sanctions.
- Requires listed companies to consider the issue as part of their annual reports to shareholders.”
For more information, please contact Lauren Compere at:email@example.com.