Frasers Property Australia, Frasers Property Industrial in Australia and FLT Australia Trust have worked together to develop our first Modern Slavery Statement.
Frasers Property Australia, Frasers Property Industrial in Australia and FLT Australia Trust have worked together to develop our first Modern Slavery Statement to better respond to an international crisis which, on current estimates1, affects 40.3 million people trapped in forced labour or forced marriage circumstances.
Our Statement, developed in accordance with the Modern Slavery Act 2018, commits our businesses to diving deeper into our supply chains, collaborating even more closely with our suppliers to understand their relationships, to be more readily able to identify and mitigate modern slavery risks in our operations and those of the organisations we work with.
We recognise we must be part of a larger effort to address this crisis, which is why we work with the Property Council of Australia as part of the Modern Slavery Working Group.
Our Statement encompasses our process for working with our contractors and suppliers to identify the potential risk of modern slavery in their operations, and a Corrective Action Plan, which sets out how we mitigate and remediate any risks identified. The Statement stipulates a forensic assessment of our supply chain, the engagement of external expertise to ensure independence and rigour, and a collaborative approach to reporting our progress and findings. It is part of our sustainability strategy, A Different Way, and is therefore embedded into our business processes, supported by training programs.
In other words, our commitment to never stop looking for modern slavery risks, and to always be prepared to act whenever a risk is identified, is business as usual. Until 40.3 million people becomes zero, it will continue to be.
You can read the Frasers Property Australia, Frasers Property Industrial and FLT Australia Trust’s Modern Slavery Statement here.
1 Global Estimates of Modern Slavery: Forced Labour and Forced Marriage, Geneva, September 2017.