First Reports Under Canada's Mandatory Supply Chain Reporting Regime Due By May 31, 2024

Key Highlights

• Bill S-211, An Act to enact the Fighting Against Forced Labour and Child Labour in Supply Chains Act and to amend the Customs Tariff (the "Act") was introduced by the federal government of Canada on November 24, 2021, and came into force on January 1, 2024. The Act marks the government's latest effort to enact legislation to mandate transparency and reduce the risk of forced labour and child labour in an organization's supply chain.
• Under the Act, certain federal government institutions and a wide array of private sector "entities" engaged in certain activities (including companies listed on a Canadian stock exchange) are required to report on any risks that forced labour and/or child labour may be present in their supply chains, and disclose the policies, procedures, structures and plans they have implemented to mitigate those risks.