The Australian Government introduced the Modern Slavery Act 2018 (Act) in November 2018 which requires larger entities to provide an annual Modern Slavery Statement to the Australian Government for publication on a central online register.
The reporting requirement aims to support the Australian business community to identify and address their modern slavery risks and maintain responsible and transparent supply chains.
To comply with the Act, from 2020 Boral will publish an annual Modern Slavery Statement in conjunction with its Annual Report and Annual Review.
To support work being undertaken to further develop and strengthen Boral’s approach to modern slavery risk and comply with our reporting requirement, Boral established a Human Rights and Modern Slavery Working Group to coordinate and monitor our action plan and track progress. The working group comprises members of Boral’s Executive Committee and key functional roles, including human resources, procurement, risk, legal and communications.
Boral’s actions to support its approach to modern slavery risk include:
- Map our global supply chain, defining industries, categories of products and services, and countries of origin.
- Identify key areas of modern slavery risk within our supply chain.
- Implement systems and procedures for reviewing new and existing suppliers, and conducting ongoing monitoring and audit processes.
- Implement due diligence processes based on our modern slavery risks assessments, including third-party assurance for high-risk suppliers.
- Develop a formal process for reporting any incidence of modern slavery identified ‒ including to the Board and Board Audit & Risk Committee ‒ and implementing and documenting remediation processes and procedures.
- Update relevant policies, standard operating procedures and supply agreements.
- Implement company-wide modern slavery awareness initiatives and training.
- Facilitate access for our suppliers to our FairCall external whistleblowing service to report any incidences of modern slavery risk while engaging with Boral.
Boral is committed to continuously improving its approach to assessing and addressing modern slavery risk and its approach to reporting in compliance with the Act.