One third of businesses have failed to complete a modern slavery statement, despite being required by law to do so
From 31 March 2016, every business with a turnover of more than £36m and a footprint in the UK has been required to publish an annual transparency statement outlining actions taken to combat slavery in supply chains. This is a requirement of the Modern Slavery Act 2015, but there are no legal consequences for businesses that do not do so.
A survey of supply chain professionals undertaken by CIPS in August found that 34% of businesses required to publish a modern slavery statement have failed to do so. TISCreport, which collects statements, found only 50.6% had been filed by those that had a year to file statements.