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From the link:
The Modern Slavery Act
The Canadian Parliament on May 3 passed Bill S-211, the Modern Slavery Act. The new legislation, aimed at combating forced and child labor in supply chains, will have profound implications for all Canadian-headquartered companies that meet its thresholds, especially miners.
According to a recent article about the act, by mining sustainability think tank and ESG consultancy Sympac,
Recent estimates from the International Labour Organization put the number of people living in forced labour conditions, specifically, at 27.8 million globally, on any given day. In its efforts to curb this, Canada’s new Modern Slavery Act expands what is considered forced and child labour, and introduces mandatory reporting requirements that will apply to many Canadian headquartered and listed mining companies. This includes disclosing your company’s actions to manage forced and child labour risks — and their effectiveness.
Which companies does the act apply to and what do they have to do to comply with it?
goldseek.com
The Modern Slavery Act
The Canadian Parliament on May 3 passed Bill S-211, the Modern Slavery Act. The new legislation, aimed at combating forced and child labor in supply chains, will have profound implications for all Canadian-headquartered companies that meet its thresholds, especially miners.
According to a recent article about the act, by mining sustainability think tank and ESG consultancy Sympac,
Recent estimates from the International Labour Organization put the number of people living in forced labour conditions, specifically, at 27.8 million globally, on any given day. In its efforts to curb this, Canada’s new Modern Slavery Act expands what is considered forced and child labour, and introduces mandatory reporting requirements that will apply to many Canadian headquartered and listed mining companies. This includes disclosing your company’s actions to manage forced and child labour risks — and their effectiveness.
Which companies does the act apply to and what do they have to do to comply with it?
Bill S-211 the Modern Slavery Act Has Profound Implications for Canadian Listed Mining Companies
In many metal markets, the West’s reluctance to mine has been China’s gain. During the 2000s, metals were much more readily available than they are currently, and China was there, ready to sign offtake agreements and lock up..