Working Capital Fund’s Post

https://lnkd.in/gYek5ihQ Understanding the new EU regulation on prohibiting products made with forced labour on the Union market: Implications and guidance for businesses

The #EuropeanUnion has taken a decisive step in combating forced labor with the adoption of the #ForcedLaborRegulation (FLR). This landmark law bans the sale of products in the EU market that are made with forced labor, holding corporations accountable for abuses in their supply chains. Transparentem applauds this important step forward to protect workers and promote accountability. We are hopeful that effective enforcement of the FLR will drive real, lasting change for workers around the world.  Learn more here: https://lnkd.in/eK-kvACn #BizHumanRights #LaborRights #LabourRights #CorporateResponsibility #SupplyChain 

The EU's Forced Labour Regulation, set to come into force in mid-2027, aims to prohibit products made with forced labour from entering the EU market. This regulation applies to all products made, in whole or in part, using forced labour, regardless of where the forced labour occurs. Businesses must prepare for this regulation by implementing robust compliance measures and ensuring their supply chains are free from forced labour. #EULaws #Trade #EthicalBusiness #EthicalTradeAlliance

Australia’s trucking labour shortage is now reaching critical levels. Calls for major legislative reform in the industry from individuals, companies and organisations have often fallen on deaf ears. But is it about to change? Read more here: https://lnkd.in/gGQEBXAi #AAWGlobalLogistics #FreightNews #SupplyChainNews #TruckDriverShortage

📢A call to action: The UK needs stronger laws to end forced labour in supply chains Anti-Slavery International is urging the UK Government to take an important step: introduce laws to ban the import of goods linked to forced labour. 👉Here’s why this is crucial: We want to live in a world where workers are paid fairly, can work freely in dignified conditions and leave a job when they want. In 2021, The International Labour Organization estimated that over 21 million people were in forced labour, either at the hands of private sector actors or government. Many of these people work in industries connected to the UK. The UK Modern Slavery Act 2015, with its Transparency in Supply Chains provision (TISC), was seen as a landmark legislative effort to address modern slavery in supply chains. But, in practice, it has not meaningfully changed corporate behaviour or succeeded in eradicating modern slavery from the UK’s global supply chains. We all want to buy goods knowing that nobody has been harmed in making them. But the UK is increasingly at risk of becoming a dumping ground for goods made with forced labour. It doesn’t have to be like this, many other countries are exploring import controls. Now, the UK must do the same. 👉The solution? The UK needs stronger laws that hold companies accountable and drive remedy for workers who have experienced harm. This is more than a policy change—it’s a necessary move to protect human rights and ensure ethical practices in global trade. Our briefing document outlines the rationale behind this call, as well as the elements that the proposed law must include: 🔗 https://lnkd.in/eNsAUbKz

The European Union has officially passed a groundbreaking law prohibiting the sale of products made with forced labor within its borders. This significant measure, known as the Forced Labor Regulation (FLR), aims to combat abusive labor practices and increase corporate accountability. Under the new regulation, authorities across EU member states are required to remove from the market any goods or components produced partially or entirely through forced labor. The law is designed to address systemic issues in supply chains, eliminating incentives for companies to profit from exploitative labor practices. #sustainablefashion #sustainability #FLR

With a Labour government in power there will be a strengthening of Trade Unions, but what does that mean for employers? The slides below give some tips on how to manage any employees who are part of a union. If you have any questions feel free to call 02476 803020

The EU Forced Labor Regulation (FLR) was adopted today. It will require authorities of all EU states to ban from the EU market any products made with forced labor #EU #FLR #humanrights #forcedlabour #bizhumanrights

Supply chains are increasingly regulated globally. The EU Forced Labour Regulation adds to the tapestry of laws in this area. Where the EU goes, the UK may shortly follow. Brooks Allen | Jonathan Benson | Daniel Athias | Natalia McLaren #supplychains #regulatory #europe #laborlaw #internationaltrade