Modern Slavery and Human Rights Reporting Assurance
The Modern Slavery Act 2015 requires every commercial organisation carrying out any business in the UK and with an annual turnover of £36million to produce a ‘slavery and human trafficking statement’ for each financial year. This statement should set out the steps, if any, that the organisation is taking to tackle this issue in its own operations and supply chain.
In addition, the UN Guiding Principles on Business and Human Rights (UNGPs) set out three pillars for the respect and protection of human rights in business. As the UNGPs continue to gain traction, company reporting on human trafficking and slavery is on the rise beyond UK borders too.
Many organisations are still unsure of how to meet their responsibilities under the UNGPs, and those bound by the UK legislation are grappling with what the ‘slavery and human trafficking statement’ should look like.
There is a risk that by producing human rights statements organisations could provide immaterial and even inaccurate, misleading or incorrect information.
Bureau Veritas Sustainability Services delivers assurance of company reports that include disclosures around their human rights performance, as well as verification of relevant key performance indicators (KPIs). We are also closely following developments and were involved in the consultation on the Human Rights Assurance Framework.
With a wealth of knowledge and a global network of experienced assurance experts, Bureau Veritas provides internal and external stakeholders with the confidence that the reported information is relevant, complete and accurate.
- Assurance of human rights statements and verification of related KPIs in company reports
- Assurance over claims made in the ‘slavery and human trafficking statement’
- Supply chain mapping to assist with the identification of areas of risk and material human rights issues
- Gap analysis against internal policies or codes of conduct
- Ensure your statements on actions and performance related to modern slavery and human rights are sound and credible
- Give consumers, investors and partners confidence in the goods and services you produce
- Improve visibility of key human rights risks in your operations and supply chain, to help organisations focus their human rights reporting on what is most pertinent to them and their stakeholders
- Establish your status as a market leader by obtaining third party verification of your human rights reporting
Gender Pay Gap Reporting Assurance
The new Gender Pay Gap Reporting regulations came into force on 1 October 2016. They require all organisations in the United Kingdom with 250 employees or more to collect, analyse and publish data related to what women within their company earn compared to their male counterparts. Companies can make their Annual Gender Pay Gap Reporting disclosure on any date of their choosing from early 2017, but the first report will be due no later than April 2018.
To increase transparency over the gender pay gap, companies will be required to externally disclose the mean and median pay data for their female and male employees, including the details of both basic pay and bonuses paid. Additionally, companies will be required to report how many men and women fall into each pay quartile across the organisation.
Under the mandatory Gender Pay Gap Reporting legislation, data is to be published on the company website and submitted as evidence to a government-sponsored site. The new reporting requirements could present a serious reputational risk.
As a global leader in delivering customised assurance solutions with an international network of experienced consultants, the Bureau Veritas Sustainability Services team offers complete peace of mind regarding the new regulations, from independent assurance of reporting to expert advice on strategies to mitigate the impact of any high risk areas.
- Review of data collection systems and gap analysis to ensure an organisation can provide the data required under the new regulations
- Advice on new systems or improvements to existing processes to ensure the required information can be collected efficiently and effectively
- Advice on strategies to reduce any high risk gender pay gaps identified
- Independent assurance of reporting
- Ensure your systems and processes are efficient and fit to provide the data required
- Ensure your internal pay policies and practices are in line with best practice
- Identify and proactively manage potential risk areas around differences in pay
- Enhance your public reputation and attract potential employees with strategic commentary to support your gender pay gap data disclosure
- Strengthen your diversity and inclusion strategy through data-driven decision making and increased transparency
Find out more
Call us on 0845 600 1828 or email email@example.com to learn more about our Human Rights and Diversity Report Assurance services.