California to enforce anti-slavery act on big firms
As of next year, big companies trading with California will be required to report on what they are doing to eradicate slavery in their supply chains.
In September last year, the California Transparency in Supply Chain Act was signed into law and comes into effect at the beginning of next year. Retail and manufacturing companies with revenues of more than US$100 million annually trading with California will have to reveal whether they evaluate and address human trafficking risks in product supply chains. According to socially responsible investment group, Christian Brothers Investment Services, the new law will affect 3,200 companies worldwide.
There is a seminar in Hong Kong on Friday at the Hankow Centre conducted by Rachelle Jackson, the director of research and development at STR Responsible Sourcing.
According to the United Nations, most forced labour is found in Asia, in industries such as prostitution, manufacturing and food processing.
Companies that handle those fancy electronic gizmos that we all love so much had better look out. For example, the working conditions of migrant labour in electronics factories in Penang that produce some of these gizmos are grim, to say the least, according to the Berlin-based group WEED.