The 2015 Modern Slavery Act introduced a requirement for large organisations to produce a modern slavery statement each financial year. The statement will set out the steps the organisation has taken to make sure modern slavery has not taken place in their business or in their supply chains.
Organisations are required to publish the statement on their website within six months of the end of their financial year.
The requirement aims to increase transparency in the business practices of large organisations. The publishing of the statement will allow the public, consumers, employees and investors to view the steps organisations are taking to help tackle slavery.
A template modern slavery statement is available in the 'Modern slavery statement' model documents.