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Modern Slavery Act Thomson Reuters and Definitive Transparency Statement (2018) About this statement is made pursuant to Section 54 of the UK Modern Slavery Act 2015 to identify the steps that TR

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How to fill out modern slavery statement

01

Gather information about your company's operations, supply chain, and employment practices.

02

Assess the risks of modern slavery within your company and supply chain.

03

Develop a clear and comprehensive modern slavery policy.

04

Implement due diligence processes to identify and address modern slavery risks.

05

Train staff and key stakeholders on modern slavery awareness and prevention.

06

Monitor and evaluate the effectiveness of your modern slavery statement and policies.

07

Communicate your modern slavery statement to stakeholders, suppliers, and the public.

08

Periodically review and update your modern slavery statement to reflect changes in your business and the evolving regulatory environment.

Who needs modern slavery statement?

01

Organizations that have a total annual turnover of £36 million or more and operate within the UK are required to produce a modern slavery statement. This includes entities incorporated in the UK as well as overseas companies that carry on a business in the UK.

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What is modern slavery statement?

A modern slavery statement is a public declaration by organizations regarding the steps they have taken to prevent modern slavery and human trafficking in their operations and supply chains.

Who is required to file modern slavery statement?

Typically, businesses with an annual turnover above a certain threshold (for example, £36 million in the UK) are required to file a modern slavery statement.

How to fill out modern slavery statement?

Organizations should outline their structure, policies, and procedures for tackling modern slavery, detail the due diligence processes, assess risks, and provide information on training and performance metrics.

What is the purpose of modern slavery statement?

The purpose of the modern slavery statement is to increase transparency regarding how businesses are addressing the risks of modern slavery within their operations and supply chains and to promote accountability.

What information must be reported on modern slavery statement?

The statement must include an organization's structure, business and supply chain details, policies on modern slavery, due diligence processes, assessment of risk, training provided, and effectiveness measures.

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