A number of large investor groups have called on the 23 FTSE 350 companies that do not adhere to the Modern Slavery Act to begin to comply.
The move comes ahead of this year's AGM season and is being spearheaded by Rathbone Investment Management. Other signatories to the call include Aberdeen Standard Investments, Aviva Investors and Legal & General Investment Management. Rathbones said its stewardship director Matt Crossman has sent letters to the 23 companies, urging them to meet the reporting requirements of Section 54 of the UK Modern Slavery Act 2015. ESG Blog: Lombard Odier launches Climate Transition strategy Crossman said his firm had "played a leading role in the development of the landmark 2015 Modern Slavery...
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