Human trafficking

An estimated 20.9 million people are victims of forced labour. It is estimated that the total illegal profits obtained from the use of forced labour amount to US$150.2 billion per year, with the Asia-Pacific region and developed economies collectively accounting for a large share of this amount. A majority of countries around the world have now criminalised human trafficking, and the result is growing pressure for companies to identify and address risks of forced labour exploitations in their operations and value chain. Legal compliance is not the only incentive for business to assess and address forced labour risks – positive recognition from investors, business partners, consumers and government authorities is also an increasingly powerful driver. This session will explore how companies are addressing this challenge and the multi stakeholder efforts to collectively achieve this.