Investors managing $12 trillion urge stronger modern slavery laws with mandatory due diligence
Investors Against Slavery and Trafficking Asia Pacific (IAST-APAC) welcomes the Government’s commitment to strengthening Australia’s Modern Slavery Act (MSA).
Photo Credit: Peter Pesta Photography via Getty Images.
IAST-APAC is a multi-stakeholder, investor-led initiative that comprises 50 investors with approximately $12 trillion in assets under management. Our membership is diverse, consisting of international asset owners and managers from across the Asia-Pacific.
We believe investors can play a role in combatting modern slavery. Many of the members of IAST-APAC are currently reporting entities under the MSA and many companies held in investment portfolios are reporting entities. Accordingly, the IAST APAC initiative has significant collective experience complying with the MSA and engaging with investees to improve their actions to find, fix and prevent modern slavery.
You can read IAST APAC’s full letter to the Australian Attorney-General here.