U.S. Lawmakers Propose Supply Chain Law Following Slavery Report
SEAFOODNEWS.COM [Dow Jones Institutional News] By Samual Rubenfeld
Two lawmakers want people to know if a company's supply chain includes human trafficking.
Following the release of the U.S. Department of State's annual Trafficking in Persons report, Reps. Carolyn Maloney (D., N.Y.) and Chris Smith (R., N.J.) proposed legislation requiring public companies with global receipts of more than $100 million to disclose any measures to prevent human trafficking, slavery or child labor in their supply chains as part of their annual reports.
Slavery and human trafficking in the supply chain have become a greater concern for companies, as reports, such as the one on the front page of The Wall Street Journal on Monday about human trafficking in the Malaysian palm-oil industry, highlight the risks of using far-flung suppliers. Slavery is reportedly common in the seafood sector, where the Associated Press tracked fish from a slave boat to the supermarket, and more recently used space photography to find an alleged slave boat in Papua New Guinea.
"Some companies may participate knowingly in human trafficking to pad the bottom line...
To Read Full Story Login Below.