Combat Modern Slavery with Informed 365
Modern slavery affects an estimated 50 million people worldwide, with complex supply chains making it difficult for organisations to identify and mitigate risk. As your partner in responsible procurement, Informed 365 offers a comprehensive platform designed to streamline ESG reporting and supplier assessments. The Informed 365 platform helps you uncover deep insights into the ethical standards of your suppliers, helping you make better, more informed decisions while ensuring you meet global regulatory requirements.
Informed 365 supports your compliance with the Modern Slavery Act 2018 by enabling you to:
Assess and monitor supplier risks related to modern slavery and labour practices.
Engage suppliers to empower continuous improvement in human rights, working conditions, and environmental sustainability.
Collaborate with NGOs, governments, industry bodies, academia, and subject matter experts.
Streamline your reporting with automated tools that collect, analyse, and report on key supplier data.
Access flexible solutions to meet your organisation’s unique needs. Whether independently or collaborating within an industry consortium, we have options tailored to your business.
Individual Structure
Inherent Risk Ratings: Rapid assessment of supplier inherent risks, leveraging independently recognised industry and country risk ratings.
Customised Platform: A fully branded platform with personalised dashboards, reporting, and self-assessment questionnaires (SAQs) designed for your organisation.
Risk Scoring: Suppliers are scored based on a combination of inputs such as inherent risk, supplier responses and other data sources, with adjustable weightings to reflect your risk tolerance.
Integrations – Third Party Data Feeds and In-house systems: An API agnostic approach enables multiple data sources to be captured in your single source of truth platform (e.g. anti-money laundering, sanctions, credit risk, spend data, etc.)
Ongoing Support: Continuous improvement management, training, and onboarding to ensure seamless operation.
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Consortium Structure
Facilitated Collaboration: Join forces with industry leaders and organisations in your sector, including monthly meetings with ESG experts and peers, sharing emerging trends, and tackling evolving challenges together.
Shared Resources: Access regularly updated resources, SAQ templates, and supplier audit tools, saving time and reducing administrative burdens.
Inherent Risk Ratings: Rapid assessment of supplier inherent risks, leveraging independently recognised industry and country risk ratings.
Integrations – Third Party Data Feeds and In-house systems: An API agnostic approach enables multiple data sources to be captured in your single source of truth platform (e.g. anti-money laundering, sanctions, credit risk, spend data, etc.)
Cost-Efficient Audits: Collaborate with others to conduct group audits, reducing costs while enhancing supplier accountability and transparency.
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Why is Modern Slavery reporting so important?
0M
people are estimated to be trapped in modern slavery globally
(source: United Nations)0M
people are victims of forced labor, with significant presence in industries like agriculture, construction, and manufacturing
(source: International Labour Organization)1 in 0
victims of modern slavery are children
(source: United Nations)0%
of reported modern slavery cases in 2022 had links to private sector supply chains
(source: International Labour Organization)0 cases
of modern slavery are estimated to go undetected for every one confirmed in Australia
(source: Business & Human Rights Resource Centre)Why Informed 365?
- Manage your internal and external ESG data in one application
- Streamline reporting and compliance
- Engage with and empower sustainable supply chains
- Access the most relevant supplier and third party data
- No fee for suppliers
- Customise SAQs specific to your compliance requirements or metrics
- Facilitated collaboration with industry, peers and experts
- Flexible platform configurations and integrations
- Customisable reporting and dashboards
- Dedicated Account Manager
- Incorporate multiple reporting and compliance requirements
- No corporate investors – unbiased, independent and nonpartisan
- Founded, built and run in Australia
- Join the conversation and action around human rights and sustainability
Responsible Procurement & Modern Slavery FAQ’s
Cant find the answers you are looking for? Get in touch with our team and we can help.
Different countries use different legal terminologies, but “modern slavery” includes the crimes of human trafficking, slavery and slavery like practices such as servitude, forced labour, forced or servile marriage, the sale and exploitation of children, and debt bondage.
According to the 2023 Global Slavery Index, it is estimated that on any given day in 2021, there were 41,000 individuals living in modern slavery in Australia.
Globally it is estimated that there are over 50 million people engaged in Modern Slavery. About two thirds of the global slave trade occurs in the Asia-Pacific. Some of Australia’s biggest trading partners, including China, Malaysia, Indonesia and Thailand, are host to some of the most egregious crimes. Which means, that while your internal practices and many of your tier 1 suppliers might clearly display no signs of modern slavery, the probability of finding slavery in your deeper tiers is highly likely. In fact, a survey conducted in 2015 of retailers and their tier 1 suppliers found a 71% likelihood of slavery in their supply chains. If you haven’t identified it yet, it is probably because you are not looking in the right places.
(Ashbridge Centre for Business and Sustainability)
The Modern Slavery Act 2018. is an Act that requires entities based, or operating, in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of modern slavery in their operations and supply chains, and actions to address those risks.
Reports are kept by the Minister in a public repository known as the Modern Slavery Statements Register. Statements on the register may be accessed by the public, free of charge, on the internet.
Organisations are required as part of the report to submit modern slavery statements, describing the risks of modern slavery in the operations and supply chains of reporting entities and entities owned or controlled by those entities.
The statements must also include information about actions taken to address those risks.
Joint modern slavery statements may be given on behalf of one or more reporting entities.
- The name of your organisation as an entity
- Your organisation’s structure and operations
- Your organisation’s key modern slavery risks
- The actions being taken to address them
- How your organisation assesses the effectiveness of the actions being taken
- What consultation has taken place within parts of your organisation’s business (including overseas)
- Any ‘other initiatives’ – consultation, collaboration etc.
Informed 365 has helped some of Australia’s biggest companies, prepare for their Modern Slavery reporting statement. We would be most happy to walk you through the process we have taken with other reportable entities. Please call us on 1300 552 335 to speak further.
Below, are some links to other informative sites:
- The Australian Government ‘Guidance for Reporting Entities’: https://modernslaveryregister.gov.au/resources/Commonwealth_Modern_Slavery_Act_Guidance_for_Reporting_Entities.pdf
- Supply Chain Sustainability School Modern Slavery resource library: http://supplychainschool.org.au/resources/modern-slavery.aspx
- The Global Slavery Index: https://www.globalslaveryindex.org/
- Anti-Slavery Australia: http://www.antislavery.org.au/
- The UN Guiding Principles on Business and Human Rights: https://www.ohchr.org/documents/publications/GuidingprinciplesBusinesshr_eN.pdf
- The Australian Government Fair Work Ombudsman: https://www.fairwork.gov.au/
- The Australian Human Rights Commission: https://www.humanrights.gov.au/our-work/complaint-information-service/work-out-your-rights-information-employees
- The Dhaka Principles: https://dhakaprinciples.org/
- The Australian Government Department of Home Affairs National Action Plan: https://www.homeaffairs.gov.au/criminal-justice/files/nap-combat-modern-slavery-2020-25.pdf
- The Australian Government Attorney General’s Department Modern Slavery Resources: https://www.ag.gov.au/crime/people-smuggling-and-human-trafficking/modern-slavery
This Modern Slavery Act requires entities based, or operating, in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of modern slavery in their operations and supply chains, and actions to address those risks. Other entities based, or operating, in Australia may report voluntarily.
The Minister may request an explanation from an entity about the entity’s failure to comply with a requirement in relation to modern slavery statements, and may also request that the entity undertake remedial action in relation to that requirement. If the entity fails to comply with the request, the Minister may publish information about the failure to comply on the register or elsewhere, including the identity of the entity.
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Ensure your organisation leads the way in ethical procurement and modern slavery prevention. Contact us today to learn how our platform can support your mission.
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