The Procurement Glossary » Modern Slavery Compliance

Modern Slavery Compliance

Compliance & Risk

Definition

Measures to identify and prevent forced labour, human trafficking and exploitation in supply chains.

Explanation

Laws in several countries require firms to assess and report on modern-slavery risk in their supply chains. Compliance means mapping sub-tiers, auditing high-risk suppliers, and acting on findings — a serious legal and reputational matter.

Example

The modern-slavery statement details supplier audits and the remediation of a labour breach found overseas.

Related terms

• Ethical Sourcing — Sourcing goods and services in a way that respects human rights, fair labour and responsible practices throughout the supply chain.
• Supplier Code of Conduct — A statement of the ethical, labour, safety and environmental standards a buyer expects its suppliers to uphold.
• Sub-Tier Visibility — Insight into the suppliers beyond your direct (first-tier) suppliers, deeper into the supply chain.
• Regulatory Compliance — Adherence to the laws and regulations that apply to buying, importing and operating in a given market.

Frequently Asked Questions

What is Modern Slavery Compliance?

Measures to identify and prevent forced labour, human trafficking and exploitation in supply chains. Laws in several countries require firms to assess and report on modern-slavery risk in their supply chains. Compliance means mapping sub-tiers, auditing high-risk suppliers, and acting on findings — a serious legal and reputational matter.

Can you give an example of Modern Slavery Compliance?

The modern-slavery statement details supplier audits and the remediation of a labour breach found overseas.

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