The Global Reporting Initiative (GRI) and the Responsible Labor Initiative (RLI), an initiative of the Responsible Business Alliance, has launched a toolkit in an effort to advance reporting on modern slavery.
The resource offers guidance on increasing the effectiveness of corporate reporting. It includes:
- Information on key modern slavery reporting legislation requirements;
- Support on how to go beyond legal compliance, in terms of due diligence reporting and disclosing how companies evaluate their actions across the value chain; and,
- Examples of current reporting practice.
GRI chief executive Tim Mohin said: “There are growing expectations on companies to identify any incidence of modern slavery in their operations and value chains and report on the steps they take as a result. This toolkit will help businesses to increase their efforts to address these serious human rights concerns, safeguard the wellbeing of workers and manage financial, legal and reputational risks.”
Responsible Business Alliance executive director Rob Lederer said: “The business community is tirelessly working to address modern slavery in global supply chains. Providing transparency on these efforts is crucial, to drive continual improvement and share progress with key stakeholders.”
The toolkit is the result of an RMI-GRI initiated taskforce on reporting on modern slavery, which involved 14 organisations. It includes information from international frameworks and regulatory requirements. There has been input from a number of stakeholders, including civil society organisations and socially responsible investors.