Modern Slavery In Businesses And Supply Chains In Canada - Part Two

Will Canada take legislative and regulatory action and how will it impact Canadian businesses?

Insights for Canadian CEOs and directors addressing modern slavery in their businesses and supply chains

At the present time, Canada lags behind many of its most important trading partners in ensuring that businesses are addressing modern slavery in their operations and supply chains. In fact, Canada currently has no specific modern slavery disclosure or supply chain transparency legislation.

While Canadian public companies are required under applicable securities legislation to make disclosure of material risks to which their business may be exposed in respect of modern slavery, private Canadian companies have no such obligation to disclose. In addition, there is no specific Canadian legislation prohibiting the use of forced labour or illegal child labour in the production of goods or the supply of services procured by the various levels of Canadian governments. And