Ben is CEO of a UK company with £20m turnover and suppliers in the UK and Chin a. Must Ben produce an Anti-Slavery Statement for his business?

Comprehensive and Detailed Explanation From Exact Extract of Documents:

The UK Modern Slavery Act 2015 requires companies with an annual turnover of £36m or more to

publish an annual Anti-Slavery and Human Trafficking Statement. The L5M5 study guide (p.90)

confirms that Ben’s company, with a turnover of £20m, does not meet the threshold and is therefore

not legally required to publish a statement. However, even if not legally required, organisations are

encouraged to act responsibly and voluntarily demonstrate compliance with ethical labour practices.

Procurement professionals must be aware of turnover thresholds and ensure compliance when

operating in larger organisations.

📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.90