‘Exploitation isn’t sustainable’: $400 trillion investor coalition demands overhaul of modern slavery laws
A coalition of over 100 investors and advocacy groups is urging the Australian government to strengthen modern slavery laws. They argue that the current framework has failed to protect workers and does not meet international standards. The group is advocating for mandatory due diligence requirements for large companies to address forced labor risks in their supply chains.
- ▪The coalition includes businesses, unions, and advocacy groups pushing for reforms to modern slavery laws in Australia.
- ▪An independent review found that the existing legislation has not led to meaningful changes for affected individuals.
- ▪Investors are increasingly viewing labor exploitation as a financial risk, emphasizing the need for sustainable business practices.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.