Case study 6:
Financial Services and Modern Slavery: Practical responses to managing risks to people
Following the launch of Financial Services and Modern Slavery: Practical Responses to Managing Risks to People in February
2021, the Commission has seen wide-ranging responses and dissemination.
The guide has been disseminated by the Responsible Investment Association Australasia (RIAA), the Australian Banking
Association (ABA), the Business and Human Rights Resource Centre, the Asia Pacific Forum of National Human Rights
Institutions, and the Finance Against Slavery and Trafficking Initiative (FAST). The Commission has presented the guide
at a range of conferences and webinars targeted at risk, compliance, audit, legal and financial services professionals.
Notably, the guide was nominated for an RIAA ESG Research Australia Award.
The Commission has also partnered with the Cleaning Accountability Framework (CAF) to tackle modern
slavery and labour exploitation in the cleaning industry. Under the partnership, the Commission will
provide expert human rights input into CAF’s approach to managing modern slavery risks, and the
development of a resource for migrant workers.
Leading by example
As a small, Commonwealth Corporate Entity, the Commission is not required to report under the
Modern Slavery Act 2018 (Cth). However, in this period, the Commission has continued under its
‘Leading by example’ project to take steps to identify and address key risk areas for modern slavery in
our own supply chains. The Commission’s work in this space not only reflects our organisational
values, but also aligns with the Commonwealth Government’s efforts to respond to modern slavery
risks in government procurement.
Progress indicator 3.24
Instances of partners:
•
increased knowledge and application of human rights frameworks, principles, and practices to
advance human rights reform
•
practice/policy reform relating to human rights principles, which are reviewed or developed as a
result of technical cooperation activities.
International Programs
The Commission is funded by the Department of Foreign Affairs and Trade (DFAT) to conduct human
rights capacity-building programs in the Asian region. Over the past year, activities were delivered online
due to COVID-19 related travel restrictions.
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Australian Human Rights Commission
Annual Report 2020–2021