New UK Requirement to Publish Annual Slavery and Human Trafficking Statement -

The United Kingdom’s Modern Slavery Act 2015 requires large commercial organisations operating in the United Kingdom to publish a “slavery and human trafficking statement” at the end of each financial year.

The requirement is intended to increase transparency and, in turn, accountability, by ensuring that the public, consumers, employees and investors know what steps an organisation is taking to tackle modern slavery, in both its own organisation and its supply chain. The UK Government believes that this will drive up standards amongst commercial organisations with significant resources and purchasing power, that are in a strong position to influence global supply chains.