Business & Human Rights
(CSR, ESG & Modern Slavery)
Increasingly the business and consumer worlds are focusing on the need to do business sustainably – that is, conducting business in a matter that protects the population as individuals, and protects the environment. The scope of responsibility of businesses in modern times is ever evolving… many past practices are becoming unacceptable – but how long is this piece of string? What can I do in my business?
The concept is obviously not new but has grown in importance over recent years. A business’ actual and perceived performance in dealing with people and the environment can impact its financial standing, its marketability, its ability to raise funds, its share price. There is a growing trend toward responsible and ethical business investment.
Businesses are compelled through government regulation or commercial reality, to establish, implement, monitor and report on their corporate ethics strategy – the umbrella term being Corporate Social Responsibility (CSR).
An effective ethics strategy is a key risk minimisation tool, along with quality, safety, etc – businesses require a framework against which to manage their risks and opportunities, and this is often called Environmental, Social and Governance (ESG). Modern Slavery Legislation (MSL) and the need for robust policies, procedures and compliance monitoring is an integral part of the effective implementation of the people elements of CSR and ESG.
The Australian Steel Association (ASA) has published for its members the “Modern Slavery Guide 2022”, which was co-designed with Australia’s leading independent law firm Corrs Chambers Westgarth, to provide guidance on members’ roles, responsibilities and compliance requirements under modern slavery legislation. Please contact PearsonsWorld.com if you would like a copy.
PearsonsWorld.com POLICY – BUSINESS & HUMAN RIGHTS
OUR POLICY IS TO ACT SUSTAINABLY – RESPECTING ALL INDIVIDUALS AND PROTECTING THE ENVIRONMENT.
WE ENCOURAGE OUR CLIENTS TO ACT ETHICALLY IN ALL ASPECTS OF THEIR BUSINESS DEALINGS.
WE ENCOURAGE OUR CLIENTS TO EMBRACE AND ACT ON TRENDS FOR ETHICAL CORPORATE GOVERNANCE.