Suncorp supports the Australian Government’s introduction of the Modern Slavery Act 2018 (Cth), in response to the risk of slavery-like working conditions in the operations and supply chains of Australian companies.
Over the past two years we have strengthened our response to human rights risks by incorporating a position on human rights issues into our Responsible Investment Policy, Procurement Policy and refreshed Supplier Code of Practice.
In 2018 we established a cross-functional Modern Slavery Working Group to evaluate and improve our human rights risk management systems and respond to identified modern slavery risks. We commenced a desktop assessment of Suncorp’s supply chain based on high risk commodities, geographies and industries, and implemented a risk monitoring and alert service with Made in a Free World. We continue to update the Board Risk Committee and will publish a Board-approved 2019–20 Modern Slavery Statement next year.