Business Key Performance Indicators (KPIs) can affect the level of risk and how exposed a company is to modern slavery. Companies can provide information in their statements on their existing business KPIs and explain if they have considered whether these KPIs make their business and supply chain more (or less) vulnerable to modern slavery.
For further information on Business Performance Indicators please refer to Home Office Guidance, pp. 36.
Does the company disclose existing business KPIs that may increase their exposure to the risk of modern slavery?
Examples of these business KPIs include:
Business KPIs that increase the risk of modern slavery could be sourcing the cheapest goods in the shortest amount of time, for example.
Select:
Whistles Ltd, MSA Statement 2020, p.10-11
"At the same time some industry business models can have a direct effect on increasing the risk of modern slavery occurring in our supply chain.
For this very reason, in 2018 Whistles voluntarily joined the Better Buying initiative in order to scrutinise their own purchasing practices and assess how their business model might impact supply chain partners.
We are continuing our work to improve purchasing practices across the group and the upcoming year will also see us collaborating with industry peers to align methodologies.
We believe that business model related factors must be tackled hand-in-hand with our suppliers. It must be a joint effort, where parties involved trust each other and reciprocate with honesty and openness. In addition, we are conducting further analysis of areas of our business where there is migrant labour, high presence of refugees, home workers, young workers and a risk of the use of child labour, contract and temporary workers, women workers, and outsourced recruitment agencies."
* Note on choosing the Year of your answer
Read the MSA Statement carefully to find out what year it covers.
When a statement is referring to a Financial Year (FY) ending in Q1 or early Q2, it should be labeled with the previous year. Example: