UK-based companies are failing to report on, and eradicate, modern slavery and related human rights abuses within their businesses and supply chains, according to a report by the Financial Reporting Council.
The FRC’s publication, ‘Modern Slavery Reporting Practices in the UK’, analysed the reporting procedures of a sample of 100 companies from a range of indexes. It revealed reporting across both disclosures and annual reports was “lacking the information needed” for stakeholders to make informed decisions.
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