A money transfer to Australia landed this person in prison
Institutional investors are pushing for improved supply chain due diligence from ASX-listed companies to help combat the issue of human rights abuses of minority Muslim ethnic groups.
Ethical Partners Funds Management manages about $2.5 billion on behalf of large superannuation funds, charities and high net wealth individuals.
Robyn Parkin, head of sustainability & advocacy, said given that China is Australia’s largest trading partner – importing more than $80 billion worth of products a year – consumers and investors need a better way to check they are not supporting forced labor.
“Whilst we would still encourage government intervention and a multi-faceted approach, we strongly urge corporates to address sourcing from this region, identify this as a risk, and note what strategies they are taking to mitigate this risk in their supply chain,” she said.
“The public would be horrified if they knew they unwittingly bought sheets or clothes made from this region.”