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.