New Legislation Requires Transparency on Modern Slavery- Fight Against Exploitation Intensifies
The government of New Zealand is taking a strong stand against modern slavery by introducing new legislation that aims to promote transparency in business operations. Under this legislation, organizations and businesses with over $20 million in revenue will be required to report on their operations and supply chains through a new public register. The government is working alongside businesses to address modern slavery and eliminate exploitation in supply chains.
Carmel Sepuloni, the New Zealand Minister for Social Development and Employment, emphasized the need to bring modern slavery practices out of the shadows and into the daylight. The proposed legislation and public register are considered to be among the world’s strongest reporting systems for combatting modern slavery.
The urgency of addressing modern slavery has become even more apparent amidst the global pandemic. According to estimates from the International Labour Organization and Walk Free, there are currently 50 million people in modern slavery on any given day, compared to an estimated 40 million in 2016.
The introduction of this legislation is crucial for businesses in New Zealand. It will level the playing field and ensure that conscious consumers have more transparency about the products and services they consume. World Vision estimates that Kiwi households unknowingly contribute an average of $34 each week to industries implicated in modern slavery.
Moreover, taking action against modern slavery is not just a domestic priority but also an international obligation. New Zealand has commitments in its Free Trade Agreements with the United Kingdom and the European Union to prevent modern slavery in supply chains and promote responsible business conduct. Failing to address this issue could have a detrimental impact on New Zealand’s trading relationships.
The focus of the legislation is on larger organizations because they have the ability to influence their extensive supply chains without burdening small businesses. However, the government recognizes that broader reform, including ‘due diligence’ and ‘take action’ responsibilities, is necessary to combat modern slavery comprehensively. Minister Sepuloni remains committed to progressing this work for future decisions.
During the consultation process, the government received feedback from businesses that highlighted the importance of these changes. Rob Fyfe and the Modern Slavery Leadership Advisory Group were acknowledged for their hard work and dedication to addressing this critical issue.
By implementing this legislation and establishing a public register, New Zealand aims to enhance its transparent and ethical reputation in export markets and on the global stage. The time to put steps in place to prevent these abhorrent practices from occurring is now.
