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.
Details
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.
Program fee
$2,195
Monash Alumni receive a 20% discount. To access the discount code visit the Alumni portal.
Digital badging
Upon successful completion of this program, you will be awarded a digital badge to share with your network. Find out more about digital badges.
Testimonial
"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
