Helping to advance human rights through our 2017 UK Modern Slavery Statement
06 April 2018
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06 April 2018
Many people associate modern slavery with something far removed from their day to day life in Australia. However, modern slavery can take many forms and businesses can play a role in helping to address the issue.
With an estimated 40.3 million people around the world subject to modern slavery, Siobhan Toohill, Group Head of Sustainability at Westpac Group commented: “From the way operations are managed to how sourcing decisions are made, preventing modern slavery is something all organisations can play a part in.”
“Our goal is to work in partnership with our suppliers and that includes how we manage risks in our supply chain,” says Simon LeGear, Chief Procurement Officer at Westpac Group.
“As part of our work to expand the reporting of our social impacts, we commenced formal reporting of our human rights progress in line with the UN Guiding Principles Reporting Framework in our ,” continued Siobhan. “We also support, and acknowledge the importance of the proposed Australian Modern Slavery Act - expected to be implemented later this year.”
We are a signatory to a number of international covenants and compacts on human rights, including the UN Global Compact, which stands for, among other things, the elimination of all forms of forced or compulsory labour and the abolition of child labour.
Supporting our Statement are a number of principles, policies and frameworks that help us in mitigating human rights risks in our business and supply chains including:
Our Sustainability Risk Management Framework sets out our approach to managing sustainability risks and our sets out requirements including that our suppliers do not participate in activities that breach employment laws and regulations.
Global Slavery Index 2017