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Many companies are lagging in their efforts to achieve compliance with a spate of new laws and regulations worldwide for reporting on the used of forced labor within their supply chains, according to a report by Deloitte.
Driving the sluggishness in some measure is a lack of guidance from regulators and governments on how to comply — far different from the scenario when the SEC’s rules on conflict minerals, written to satisfy a provision of the Dodd-Frank Act, took effect in 2011.
Via EcoVadis
How are you dealing with these new laws and regulations aimed at identifying cases of human trafficking within your supply chain?