Governments and trade authorities across the globe are raising the bar on understanding and addressing negative human rights impacts in global supply chains. Today’s business leaders are under pressure to identify forced labor—a scourge that is affecting more than 28 million victims throughout the world, according to the International Labour Organization—and trace all elements of their production processes and supply chains. Failing to take urgent action can risk financial and reputational damage, legal action and other significant consequences for businesses.
KPMG LLP (US) published a first of its kind benchmarking report, giving insight into how today’s leaders are managing their companies’ anti-forced labor programs. The report provides an industry benchmarking perspective and highlights the implications that have emerged from the enactment of the Uyghur Forced Labor Prevention Act (UFLPA) in the United States.
KPMG is hosting a one-hour TradeWatch webcast which will feature professionals from our Trade & Customs and ESG practices, and will focus on the following areas:
- KPMG human rights survey findings on the current state of multinational corporations’ efforts to manage compliance with anti-forced labor regulations
- Global mandates—both current and emerging—that are increasing the need to monitor human rights impacts in global supply chains
- Key components for building a strong anti-forced labor program
- Ongoing KPMG initiatives to support companies in the “S” pillar of their ESG strategies, including business and human rights priorities
Respecting human rights is a global imperative, and one that increasingly carries the weight of law. With calls for greater visibility into supply chains and proactive management of forced labor risk, KPMG can offer end-to-end support for your business and human rights journey.