UK INVESTORS TO EXPAND ANTI-SLAVERY PUSH TO MATERIALS AND CONSTRUCTION INDUSTRIES

Highlights:

  • The investors of United Kingdom expands the anti-slavery push to the construction and materials industry
  • CCLA’s chief executive said that, the construction industry has been estimated to contain 18 percent of the forced labour victims

On Monday, an investor coalition of the United Kingdom that, has been pressing the companies to unearth the modern-day slavery in the supply chains said that, it had been going to expand its campaign into the construction and materials industries, and the initiative known as ‘Find It, Fix It, Prevent It’, that has been founded in the year 2019 by CCLA Investment Management, up to now has been focusing on the hospitality industry.

Peter Hugh Smith, who is the chief executive of CCLA said that, the construction industry has been estimated to contain around 18 percent of the forced labour victims across the world, and it has also been a complicated supply chain, which has been spanning the globe, and both of the factors have been responsible for making it an important sector for the investors to engage in the process of addressing the modern slavery.

The coalition also said that, now is having 56 investors among its members, which has also been including the Fidelity International, M&G, Schroders and Edentree, which are together responsible for managing the 7 trillion pounds in the assets, and it also said that, it is going to start the engagement with the companies in the construction and materials industry in the third quarter of the year 2021.

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