On June 6, 2018, a group of 129 global institutional investors with $2.3 trillion assets under management sent a statement to Canadian Minister of Labour, Patty Hajdu, urging the Government of Canada to enact legislation to help identify and eliminate forced labour and child labour in supply chains through effective company due diligence and disclosure. Effective legislation will help investors and Canadian companies identify and address the use of modern slavery and child labour in global supply chains. Effective legislation would require companies operating in Canada to develop and report annually on their due diligence efforts to prevent and mitigate the risk of modern slavery and child labour in their supply chains.
ICCR was a leading signatory, and numerous ICCR member institutions signed on. The full statement is below.