Five supply chain laws setting the ESG landscape
UNITED STATES Uyghur Forced Labor Prevention Act ( UFLPA ) Applies to : All companies that import into the USA . What it says : Companies must provide clear and comprehensive evidence that all products and parts produced in Xinjiang , China , were made without any form of forced labour . Penalty : Products cannot be imported .
MEXICO Forced Labour Ban Applies to : All companies that import into Mexico What it says : Companies need to have documentation and proof that imports into Mexico are not tied to any form of forced labour . Penalty : Contraventions allow the government to detain and block affected imports and to post their findings online .
Five supply chain laws setting the ESG landscape
UNITED KINGDOM Modern Slavery Act Applies to : Companies with turnover of over £ 36 million and some or all of their business operations in the UK . What it says : The legislation requires companies to issue a modern slavery statement annually , reporting the steps taken to mitigate the risks of modern slavery in their supply chain . Penalty : Court hearings for injunctions if they fail to comply with the requirements .
88 November 2023