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RepRisk Special Report on Human Trafficking
Report

RepRisk Special Report on Human Trafficking

RepRisk, 2016

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Editorial Rating

7

Qualities

  • Eye Opening
  • Background

Recommendation

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.

Take-Aways

  • Almost 21 million people worldwide are victims of human trafficking.
  • To protect themselves from lawsuits and reputational damage, companies must step up their due diligence efforts to ensure their businesses aren’t complicit in modern-day slavery.
  • The food and beverages sector has been the most affected by human trafficking issues in recent years. Some of the world’s largest retailers and food manufacturers including Walmart and Nestlé have faced scandals involving forced labor practices within their supply chains.

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.