Fighting modern slavery in the fishing and finance industries – AllianceBernstein

Two industries provide good case studies for how to apply best practices for reducing modern slavery risks in portfolios.

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... Modern slavery is a pervasive social evil that can infest most sectors of the global economy. To understand and improve companies’ ability to eliminate modern slavery from their operations and supply chains, AllianceBernstein believe it’s important to apply a best-practice framework across sectors. Their own version, based on five pillars, is relevant for most companies. While the framework should be consistent, some sectors are particularly susceptible to modern slavery and others are especially important in the fight to detect and disrupt it. Fishing and finance are prominent in the context of modern slavery, and engagement with company management must recognise this.

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