The Modern Slavery Act 2015 (2015) Section 54 and the California – Transparency in Supply Chains Act 2012 (TISCA) are different in many ways but still hold numerous similarities. The MSA has a wider reach than the TISCA.
Looking at the financial thresholds and at the businesses that the acts apply to, we notice the much wider reach of the MSA. However, unlike the TISCA, the MSA doesn’t have specific content requirements.
While companies can be forced to make a disclosure statement, they are under no obligation to actively eradicate slavery from their supply chain.
What can companies do to ensure compliance? Ardea works with companies on different levels and some of the actions that we recommend taking are: mapping supply chains to identify suppliers and contractors, educating staff to manage supply chains and slavery, determining who within the company is required to sign the statement and implementing auditing and verification procedures.