Modern Slavery Reporting
Modern slavery may exist in every organisation’s operations and supply chains. Governments, organisations and consumers can all play a role in combating it.
Australia’s Modern Slavery Act 2018 (MSA) requires all organisations operating in Australia with a minimum consolidated revenue of A$100 million to submit a modern slavery statement. The purpose of the statement is to disclose how organisations have assessed and addressed modern slavery risks in their operations and supply chains. However, even among the largest Australian companies, the reporting quality of these statements is disappointing.
The Modern Slavery Disclosure (MSD) scoring framework is designed by the Monash Centre for Financial Studies (MCFS) as a benchmark for the disclosure quality of these statements. The MSD framework provides a solid foundation for reporting entities to address the mandatory reporting criteria of the Act and adopt industry best practices.
This program was developed using in-depth MCFS research that has been featured in media such as The Wall Street Journal, Australian Financial Review, BNN Bloomberg, Bloomberg News, The Sydney Morning Herald, The West Australian and SBS World News.
What you'll learn
The program will provide participants with a fundamental understanding of current global regulatory developments on modern slavery, a deep dive into the reporting requirements of Australia’s Modern Slavery Act 2018 and guidance on how best to respond to these criteria using Monash’s MSD framework.
Participants will also obtain research-led insights into ways to enhance organisational reporting capabilities to address key reporting challenges.
- The global regulatory developments on modern slavery, changing expectations from investors, consumers and other stakeholders, and the implications for your organisation
- The mandatory reporting requirements under Australia’s Modern Slavery Act 2018)
- How to use Monash’s Modern Slavery Disclosure (MSD) scoring framework to best address the MSA’s reporting criteria in your organisation’s modern slavery statement
- How to improve your organisational reporting capabilities.
How you’ll learn
Participants will learn through an intensive and interactive process that combines mini-lectures with group discussions, workbooks and activities based on real modern slavery statements, case studies and examples of best practice.
Who should attend?
This program is for you if you are:
- responsible for preparing modern slavery statements for your organisation
- working in ESG/sustainability/compliance
- providing services related to modern slavery reporting, or
- managing databases related to ESG information in general or modern slavery disclosure in particular.
Program dates and times
To receive an update once the 2024 program dates are set, please send an email to BusEco-Exec-Ed@monash.edu. Additionally, if you represent an organisation and wish to arrange a tailored session, we can accommodate this with a minimum of 15 participants. Feel free to contact us to discuss this in more detail.
Monash Alumni receive a 20% discount. To access the discount code visit the Alumni portal.
Upon successful completion of this program, you will be awarded a digital badge to share with your network. Find out more about digital badges.
"I’m an ESG advisor and a number of my clients are undertaking their first Modern Slavery Statement and I have referred them to your work frequently, as a guide for them to deliver best practice. It’s wonderful work and I love that it was delivered by three highly accomplished women academics. I'm a big fan!"
Rosanna Iacono - Advisor and Partner, The Growth Activists
Nga Pham View
Senior Research Fellow
Nga Pham is a senior research fellow at the Monash Centre for Financial Studies (MCFS). She works on issues related to pensions, corporate governance, ESG and shareholder activism. Nga is a member of the Advisory Board of the Mercer CFA Institute Global Pension Index.
Nga is currently also a co-chair of the International Corporate Governance Network (ICGN) Financial Capital Committee. Before that, she was a member of the Disclosure and Transparency Committee of ICGN.
Before joining Monash University, Nga was a consultant at the International Finance Corporation, a member of the World Bank Group, working for the Vietnam Corporate Governance Project. Her work involved raising awareness, regulatory advocacy, capacity building and firm advisory activities in corporate governance for companies in Vietnam. She had also worked in equity research at Vietnam Asset Management and Bien Viet Securities (now Woori CBV Securities).
Nga was also an academic at Hanoi University in Vietnam for more than 15 years. She had assumed various leadership roles, including the Executive Director of La Trobe – HANU joint programs, Vice Dean and Dean of the Faculty of Management and Tourism. In addition, she taught the MBA and Master of International Business programs at La Trobe University in various areas of finance including corporate governance, investment and portfolio management, corporate finance and international finance.
Nga has a BCom from the University of Melbourne, and an MBA and PhD degrees from La Trobe University. She received the Ausaid scholarship and the Australian Leadership Award from the Australian Government.
Nga is a CFA charterholder and an active volunteer and member of the CFA Society Melbourne.
Phone: +61 (3) 9903 8289
Campus: City location
Ummul Ruthbah View
Ummul Ruthbah is a Deputy Director at Monash Centre for Financial Studies. Her recent research focuses on pension, retirement and superannuation, the carbon market and modern slavery.
She holds a PhD in Economics from MIT, where she was an IMF Scholar and worked under the supervision of Nobel Laureates Esther Duflo and Abhijit Banerjee. She also has an MA in Economics from McGill University.
Before joining Monash University Ummul was an Associate Professor of Economics at Dhaka University in Bangladesh. She has over ten years of experience teaching graduate and undergraduate level microeconomic theory and econometrics courses at MIT and at Dhaka University. She also designed and delivered executive education programs on research methodology for the Central Bank executives in Bangladesh. She was also an editor of the annual report for the Central Bank of Bangladesh (Bangladesh Bank).
Ummul's industry experience includes five years of consulting for the World Bank. As a part of the Social Protection Unit at the Bank, she worked closely with the government and participated in public policy debates. In addition, she has also worked as a researcher at the International Monetary Fund exploring international capital movements and foreign aid.
Before joining MCFS, she was at the Centre for Development Economics and Sustainability at Monash Business School.
Ummul has wide experience in working as a Primary-Investigator in multiple large-scale studies in areas of education, health, agriculture and labour force. Her works have been published in peer-reviewed international economics and finance journals.
Phone: +61 (3) 9903 8320
Campus: City location
Bei Cui View
Bei Cui joined the Monash Centre for Financial Studies, Monash University as a research fellow in May 2019, after she received a Doctoral of Philosophy in Finance from the University of Hong Kong.
She is a trained finance researcher, who is capable of conducting rigorous industry-relevant research of academic quality. Her primary interests include sustainable investment, climate finance, Chinese and foreign capital markets, superannuation funds and market microstructure. Her works have been presented at many international conferences, published in peer-reviewed international finance journals, and addressed in major media outlets.
Apart from being active in research work, Bei is also very passionate about teaching. She has also delivered finance, investment, and financial economics courses at undergraduate and postgraduate levels.
Phone: +61 (3) 9903 8312
Campus: City location