Get the free MODERN SLAVERY STATEMENT 2020 - Myer Investor and Media Centre

NOTICE OF ANNUAL GENERAL MEETING 2021Myer Holdings Limited ABN 14 119 085 602MESSAGE FROM THE CHAIRMAN MYERS CUSTOMER FIRST PLAN IS GAINING MOMENTUM AND DELIVERING RESULTS, DESPITE THE CURRENT CHALLENGES

How to fill out modern slavery statement 2020

How to fill out modern slavery statement 2020

1. Step 1: Start by understanding the legal requirements for the modern slavery statement 2020. This can be found in the Modern Slavery Act.
2. Step 2: Assess your organization's structure, activities, and supply chains to identify any potential risks or instances of modern slavery.
3. Step 3: Develop a clear and comprehensive policy statement that addresses your organization's commitment to combating modern slavery.
4. Step 4: Conduct due diligence on your supply chains to ensure that they are free from modern slavery. This may involve assessing suppliers, auditing their practices, and implementing necessary measures to mitigate risks.
5. Step 5: Engage with stakeholders, including employees, suppliers, and customers, to raise awareness about modern slavery and encourage reporting of any concerns or suspicions.
6. Step 6: Prepare the modern slavery statement 2020, detailing all the actions taken by your organization to prevent and address modern slavery. This should be done in a transparent and concise manner.
7. Step 7: Publish the modern slavery statement on your organization's website and ensure its accessibility to the public.
8. Step 8: Regularly review and update your modern slavery statement as necessary, keeping it aligned with current legal requirements and best practices.
9. Step 9: Monitor your organization's ongoing compliance with the modern slavery statement and address any non-compliance issues promptly.
10. Step 10: Seek professional advice if needed to ensure full compliance with legal obligations and effectively combat modern slavery.

Who needs modern slavery statement 2020?

1. Any organization operating in the UK and meeting the criteria specified in the Modern Slavery Act 2015 needs to produce a modern slavery statement for 2020.
2. This includes companies, partnerships, associations, charities, and other types of legal entities.
3. The threshold for producing a modern slavery statement is an annual turnover of £36 million or more.
4. Additionally, organizations with a turnover below this threshold can voluntarily choose to produce a modern slavery statement, demonstrating their commitment to eradicating modern slavery.

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What is modern slavery statement?

A modern slavery statement is a public document that outlines a company's efforts to prevent and address modern slavery within its operations and supply chains.

Who is required to file modern slavery statement?

Entities that meet certain thresholds in terms of annual revenue and operate in jurisdictions that require a modern slavery statement are obligated to file one.

How to fill out modern slavery statement?

To fill out a modern slavery statement, organizations should assess their operations and supply chains, identify risks, describe their anti-slavery policies and practices, and state their commitments to preventing slavery.

What is the purpose of modern slavery statement?

The purpose of a modern slavery statement is to enhance transparency regarding the steps organizations take to combat modern slavery and human trafficking, and to inform stakeholders of their commitment to ethical practices.

What information must be reported on modern slavery statement?

The statement should include information about the organization’s structure, business models, risks of modern slavery impacts, policies, due diligence processes, and training provided to staff.