New British Standard on Modern Slavery

The British Standards Institution (BSI) have published a national standard, giving organisations guidance on how to manage modern slavery risks in their operations, supply chains and wider operating environment.

BS 25700 provides organisations with guidance for addressing the risk of modern slavery, including prevention, identification, response, remediation, mitigation, and reporting.

The benefits to businesses include:

● Effective management of the risk of modern slavery in a way that supports human rights due diligence.

● Positive business reputation.

● Increased sales and customer loyalty, as consumers seek businesses with higher ethical standards.

● Greater ability to attract talent and retain staff.

● Improved investor confidence.

● More responsive and stable supply chains.

See: BS 25700:2022 Organisational responses to modern slavery – Guidance | BSI (bsigroup.com)