Get the free Modern Slavery Statement FY2024 Bluewaters Power Group

Bluewaters Power 1 Pty Ltd ERL12 Performance Audit Report Rev 3 Audit Period: 1 January 2018 31 December 2022BLUEWATERS POWER 1 PTY LTD Audit Report PERFORMANCE AUDIT ELECTRICITY RETAIL LICENCE ERL12AUDIT

How to fill out modern slavery statement fy2024

How to fill out modern slavery statement fy2024

1. Gather relevant information about your organization's structure, operations, and supply chains.
2. Identify risks of modern slavery in your organization's activities and those of your suppliers.
3. Consult with stakeholders to understand their views on modern slavery risks.
4. Document the policies and procedures that you have in place to combat modern slavery.
5. Outline your due diligence processes and actions taken to mitigate identified risks.
6. Set up a system for monitoring and reviewing the effectiveness of your modern slavery practices.
7. Prepare a summary of your commitments and the steps taken during the financial year.
8. Ensure that the statement is approved by the Board of Directors.
9. Publish the statement on your organization's website and ensure accessibility for stakeholders.

Who needs modern slavery statement fy2024?

1. Businesses and organizations with a total annual revenue of over a specified threshold (e.g., £36 million in the UK).
2. Entities that are part of a supply chain involving goods or services that may involve risks of modern slavery.
3. Public authorities that are required by law to report on their efforts to prevent slavery and human trafficking.

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What is modern slavery statement fy2024?

The modern slavery statement for FY2024 is a disclosure that organizations need to provide, detailing the steps they are taking to prevent modern slavery and human trafficking in their operations and supply chains during the fiscal year 2024.

Who is required to file modern slavery statement fy2024?

Entities with an annual turnover above a specified threshold, usually set by local legislation, are required to file a modern slavery statement for FY2024.

How to fill out modern slavery statement fy2024?

Organizations should follow guidance provided by relevant authorities, outlining their operations, risk assessments, policies, and actions taken to address modern slavery risks, and ensure that the statement is reviewed by senior management or the board.

What is the purpose of modern slavery statement fy2024?

The purpose is to promote transparency in how companies address modern slavery issues, create awareness, and demonstrate a commitment to ethical business practices and human rights.

What information must be reported on modern slavery statement fy2024?

The statement must include the organization’s structure, policies, risk management processes, due diligence, assessments and remediation measures related to modern slavery, and training provided to staff.