David Lowe
Partner
Head of Commercial Contracts
Co-Chair of ThinkHouse
Article
10
This alert explains the outcome of the government consultation relating to requirements on certain businesses to publish an annual slavery and human trafficking statement regarding their supply chain as part of the Modern Slavery Act 2015. The new supply chain requirements are expected to come into force in October 2015.
As we explained in our previous alert "How transparent is your supply chain? Effect of the Modern Slavery Bill" the government consulted on the requirement on commercial organisations to publish an annual slavery and human trafficking statement. A particular issue was to identify the turnover threshold for the application to business - should it be very high so as to concentrate on the very largest of companies, or should it be £36 million (The UK Companies Act threshold for large companies) or should it be some other figure?
The government has decided, based on that consultation, to apply the £36 million large company threshold. This means many businesses will be subject to these requirements (the government estimates about 12,000 businesses will be caught). This was based on the responses from 84 respondents - 80% of whom felt that £36 million was appropriate.
The Modern Slavery Act 2015 (section 54) will require all businesses:
to publish a slavery and human trafficking statement each financial year.
The legislation expressly states that a business can comply with this requirement by simply stating that no steps have been taken to ensure its supply chain is free from slavery. For low profile businesses for whom public reputation is of little importance this might be a realistic option. However for many businesses this will not be an attractive option.
So what should the annual statement say? The Home Office has been to date deliberately vague in this regard by only releasing high level guidance on the areas of activity which should be covered by the statement. The intention is to allow flexibility for different organisations and sectors to determine, demonstrate and explain their policies and practices with regard to slavery and human trafficking in a way that is most appropriate to them, and to reflect the level of risk of such exploitation in a particular industry.
While the Home Office has confirmed some guidance (set out below) we expect further clarification in due course, and also that best practices and reporting norms will develop over time as the market adjusts to this new requirement.
The five general areas of activity which need to be covered in the annual statement are as follows:
The legislation and guidance is also clear that organisations should take the issue of modern slavery seriously, and at the highest levels. The annual statement needs to be signed off by the most senior people in an organisation, be they directors, partners or otherwise.
If a business's turnover exceeds £36 million then it will be required to comply with the supply chain transparency requirement.
Businesses therefore need to start to consider:
For multinational companies with extensive international supply chains in high-profile sectors (eg retail) many of these steps will already be in place and therefore the statement will require the reporting of existing risk assessment and measures taken to challenge them. This will be especially the case for organisations active in jurisdictions with existing similar legislation (eg California).
UK quoted companies may have already started to anticipate these requirements given their obligation to report in their annual strategic report on human rights where relevant to their business. For other companies this will be a very new requirement.
We anticipate that in the 2015/16 reports (subject to the transitional arrangements set out below) many companies who have not already assessed and managed this supply chain risk will simply include an outline description of their supply chain, and comment that they are assessing risks and actions. In subsequent years we anticipate that different approaches will emerge:
The challenge is for all other companies who will be seeking out to appear to be taking appropriate action without requiring disproportionate cost. This will be informed by the public profile of the company and its sector.
It must be approved by the board of directors and signed by a director (The Act stipulates requirements for LLPs, limited partnerships and partnerships).
If the business has a website it must publish the slavery and human trafficking statement on that website with a link in a prominent place on that website's homepage. This suggests that simply burying the statement in the annual report is not sufficient. If the business has no website then it must provide on written request within 30 days of a request.
The government can enforce by seeking an injunction (or in Scotland specific performance of a statutory duty). If a business ignored the injunction then it would be in contempt of court, potentially leading to unlimited fines.
We do not anticipate that the government will take legal enforcement action for some time. We anticipate that it's likely that the Anti-Slavery Commissioner will promote best practice, ensure the new requirements are publicised and then, with time, begin naming high-profile companies which are not in compliance. Pressure groups will also be challenging target companies. Legal enforcement will then be a last resort.
The supply chain requirements are expected to come into force in October 2015. The government has indicated that there will be transitional provisions implemented so that slavery and human trafficking statements are not required where an organisation's financial year end is within close proximity to the date on which the duty to publish the statement comes into force. However those transitional arrangements have not been published. Businesses issuing their annual report this calendar year are likely then to state that they have as yet taken no steps.
Further detail regarding the statutory guidance on the annual slavery and human trafficking statement is due to be produced and published to coincide with the legislation coming into force. We will issue a further update once that information is available.
How transparent is your supply chain? Effect of the Modern Slavery Bill
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