Earlier this year Ethical Partners Investment Director Nathan Parkin spoke at the Elevate Modern Slavery Conference, which included industry, government, NGO and academic speakers and delegates. Nathan spoke on the importance of the investor voice in addressing the Modern Slavery Issue and about the research Ethical Partners has conducted into the supply chain and human rights disclosures of the top 220 companies listed on the ASX. This research showed that only 4/10 companies even mentioned supply chain or human rights in their reporting. He also encouraged the companies present to be willing to look for and address the issue of modern slavery better in their business practices and reporting and be honest about what they find and how they plan to fix it.
Nathan then discussed the importance of investors rewarding companies for doing this, which we hope will make companies feel more comfortable to examine their supply chains honestly. Ethical Partners also feels strongly that companies looking at, and fixing their supply chains, will help to reduce their reputational and business risks, thus benefitting both those affected by modern slavery and shareholders. We look forward to being involved in many more of these collaborative and advocacy events in the future.
Ethical Partners are pleased to see Australia take the next steps to implement mandatory climate reporting with the release of draft climate standards, which we provided feedback on.
Ethical Partners have continuously called for the provision of high quality, comparable data on company’s climate governance and carbon metrics, which we believe is imperative for investors to fulfil the potential of responsible investment.
Ethical Partners have been proud to have been active supporters of the TNFD Forum over the past few years, and to provide regular feedback on the development of the official TNFD recommendations, which were launched in December, as well as to be active members of the RIAA Natural Capital Working Group.