Benefits of modern slavery compliance and reporting
There are a number of recognised benefits for you business if it focusses on modern slavery compliance.
- meeting Australian statutory reporting obligations under the Modern Slavery Act 2018 (Cth);
- improved brand recognition;
- improved business reputation;
- increased sales and customer loyalty, as a result of customers seeking out businesses with higher ethical standards;
- greater ability to attract talent and staff retention;
- organisational growth;
- improved investor confidence and
- more transparent, responsive and stable supply chains.
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