Today, an estimated 24.9 million people around the world are victims of forced labour, generating $150 billion in illegal profits in the private economy, according to KnowTheChain.
Not only is this a grave injustice, but the financial materiality of social responsibility is critical for investors and corporates. Scrutiny from consumers, investors, media and regulators dictate that now, more than ever, maintenance of a transparent and responsible supply chain is financially material.
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