UKSIF response: Lords Select Committee inquiry- Impact and effectiveness of the 2015 Modern Slavery Act

We are pleased to respond to the House of Lords Select Committee on the Modern Slavery Act 2015- Impact and effectiveness of the 2015 Modern Slavery Act.

Many of our members view modern slavery risks in the context of its role in contributing to risks across the financial system and wider economy that ultimately can impact the value of their investee companies in the long run, particularly those in high-risk sectors for modern slavery. For these reasons, alongside our membership UKSIF has been a strong supporter of the UK’s international leadership to date in addressing modern slavery risks through the Modern Slavery Act 2015 (the Act), which we believe now requires further updating and enforcement to ensure it can once again be world-leading and highly effective in practice.

Our response highlights our support for changes to modern slavery legislation in the UK and describes investors’ efforts in recent years to contribute to combat these risks, including through investor collaboration.

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