Organisations with a turnover of over £36m are required to publish a transparency in supply chain statement. This must be approved and signed by a director and linked to the front page of the company website.
At Mazars, we understand that supply chains are often dynamic and complex. Globalisation of both supply and demand, the requirement for greater flexibility, and the development of new business models have all contributed to the challenge of managing the supply chain effectively. The introduction of the Modern Slavery Act 2015 has created further challenges by testing the ability of the business to comply with the requirements and for suppliers to provide clear statements of compliance.
Modern Slavery Act 2015
Clause 1 of S54 of the Modern Slavery Act 2015 requires all companies within their remit to prepare an annual transparency in the supply chain statement that must be approved by the Board of Directors and signed by a director.
How we can help
Our in-depth expertise has been developed by working with a wide range of companies and their supply chains around the world as well as through our position as one of the lead architects of the globally authoritative human rights reporting framework. As a result, we are ideally placed to help companies start their journey of understanding how to manage their supply chain risk. We can help companies identify their greatest risks and advise on the most efficient and effective approach to implementing appropriate processes.
We will help companies understand the information to be reported in the Transparency in Supply Chain statement and assist in any drafting that may be required.
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