M&S tops modern slavery compliance, BAT third
Written by Mark Evans
The second Global Governance FTSE 100 Index ranking Britain’s largest publicly listed organisations’ compliance and conformance with the UK Modern Slavery Act (MSA) (2015) and good practice in human rights has been released placing Marks & Spencer Group top, Tesco second and British American Tobacco third.
In all, 87% of the FTSE 100 companies who reported have demonstrated year-on-year improvements, but the average score achieved is less than 48%, leaving the companies with much work to do.
The Global Governance FTSE 100 Index Top 10 companies (April 2019) are, in order:
Marks & Spencer Group
British American Tobacco
WM Morrison Supermarkets
Ocado Group demonstrated the equal highest year-on-year improvement of 26 percentage points, catapulting the grocery delivery company into the Global Governance FTSE 100 Index top 10 for the first time. Building materials company CRH also improved 26 percentage points, jumping 57 places in the league table. Ferguson, a distributor of plumbing and heating products, improved 22 percentage points year-on-year.
The 2019 Global Governance FTSE 100 Index, with analysis undertaken by Development International, is published online and is publicly available. The Index is compiled from an analysis undertaken of the latest statements the organisations have filed pursuant to the UK MSA (2015) Transparency in Supply Chains (TISC), Section 54 requirements.
Dr Shamir Ghumra, BREEAM Director at BRE, which developed the Ethical Labour Sourcing Standard (ELS) BES 6002, said: “The 2019 FTSE 100 Index reveals how the nation’s largest listed companies are beginning to raise their reported performance level year-on-year. Whilst on an individual company basis that’s to be welcomed, the marginal average improvement of just over one per cent of those captured in the 2019 and 2018 benchmarks demonstrates a seismic shift in corporate culture is still to happen.”