Summary of RepRisk Special Report on Human Trafficking

Stella Kenway

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RepRisk Special Report on Human Trafficking summary

Rating

7 Overall

9 Importance

6 Innovation

7 Style

Recommendation

Although slavery is outlawed almost everywhere, millions of people in both emerging and mature markets continue to find themselves trapped in forced-labor conditions. Companies that profit off forced labor, either directly or through complex supply chains, risk costly lawsuits and tarnished reputations. RepRisk – a business intelligence provider that collects data on social, environmental and governance risks affecting companies around the world – has singled out human trafficking as the most important reputational risk for businesses today. getAbstract recommends that compliance and supply chain specialists read this eye-opening report to learn how international companies can become entangled in modern-day slavery.

In this summary, you will learn

Why human trafficking poses a major legal and ethical risk for companies with complex supply chains,
Which industries have the most human trafficking incidents, and
Why companies must closely monitor the practices of their recruitment agencies.

About the Author

Stella Kenway is a senior analyst at RepRisk, a business intelligence provider specializing in environmental, social and governance risk analytics and metrics.

Summary

Almost 21 million people worldwide are human trafficking victims. Although most human trafficking incidents occur in the Asia-Pacific region, Africa and Latin America, the practice also exists in developed countries, which has prompted countries like the United States and the United Kingdom to pass stricter anti–human trafficking legislation. For legal as well as ethical reasons, companies in the developed world need to step up their due diligence efforts to ensure they aren’t complicit in modern-day slavery within their complex supply chains.