With the adoption of Bill S-211, Canada becomes the latest country to pass legislation requiring companies to assess and report on Modern Slavery risks throughout a company’s supply chain.
Certain government institutions and business entities will be required to report annually on their efforts to prevent or reduce the likelihood of forced labor and child labor playing a part in their supply chains. The first of these reports is due by the end of May 2024.
Research by ISS Corporate Solutions shows that many of the companies traded on Canada’s benchmark TSX index have not taken initial steps to proactively implement corporate supplier policies and programs that may mitigate compliance risks with future regulations under the Act.
Read the full report here.
Caterina Tantalo, Vice President, Sustainability Advisory, ISS Corporate Solutions
Wesley Leung, Analyst, Sustainability Advisory, ISS Corporate Solutions