Modern Slavery: a key element of the ‘S’ in ESG

United Kingdom

Recent headlines relating to the abuse of migrant care workers and the use of slave labour in the production of PPE are some examples of how the Life sciences & Healthcare sector is at risk of modern slavery issues. The key exposure for businesses is currently reputational damage but plans by the government to tighten the rules on the content of modern slavery statements, the proposed creation of a new enforcement regime and increasing legislation relating to human rights reporting, are pushing this issue up the agenda. In this article, part of our Healthy Horizons guide to doing business responsibly in Life Sciences & Healthcare, we consider the current status of the law on modern slavery and what is coming down the track for companies in the sector to be aware of.

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