Aerial shot of fruit pickers in a field.

Modern Slavery / Labour Practices

Regulations on modern slavery and labor practices are becoming stricter, with new legislation from both the EU and abroad raising the standards businesses must meet to align with ESG requirements.

Canada’s “Fighting Against Forced Labour and Child Labour in Supply Chains Act”, in effect since January 2024, requires businesses to thoroughly assess their supply chains, identify modern slavery risks, and submit public reports. Looking ahead, the EU’s “Corporate Sustainability Reporting Directive” (CSRD), slated for enforcement in 2026, will introduce even more stringent requirements. Companies will need to assess and disclose human rights risks across their entire value chain, including second- and third-tier suppliers.

Businesses need to adhere to these expanding regulations—not only to mitigate legal risks but also to position themselves as leaders in ethical governance and gain a competitive edge in a market increasingly driven by values and sustainability.

The Challenge

These extensive frameworks and the reporting requirements that come along with them present a challenge for financial services, as they must adapt their internal processes, governance structures and data management systems to ensure compliance.

Beyond regulatory obligations, organizations must also demonstrate a genuine commitment to fair wages, humane treatment of workers, and overall labor rights to address investor and stakeholder concerns about ethical labor practices.

Our Solution

Unannounced Supplier Inspections

Our Ground Truth Reporting services will grant you greater transparency over your supply chain by carrying our unannounced inspections.

Independent Verification and Credibility

Our insights are independent and objective, allowing you to improve your ESG reporting and build trust with regulators, investors, and consumers.

Cloud-based Custom Reporting

All of the evidence we gather is captured digitally in our cloud-based, purpose-built software platform, which you will have access to as a client of VICTVS.

A photo of a garment factory worker smiling whilst holding up a shirt.

The Outcome

Ground Truth Reporting serves as a critical tool for financial services aiming to meet both existing and ESG reporting standards. By offering real-time, accurate insights into workplace conditions, fair wages and labour rights, Ground Truth Reporting enables companies to meet compliance and reporting challenges head-on.

Our comprehensive solution will provide you with the independent verification and detailed insights necessary to navigate growing labour requirements successfully.

By partnering with VICTVS, companies can exceed compliance while also enhancing their reputation as responsible and ethical businesses, ultimately leading to greater consumer trust, resilience, and long-term success.

Countries

Independent Inspectors

180

Source of Truth

What our Clients Say

“Ground Truth Reporting has been instrumental in giving us real-time visibility into our supply chain, particularly in identifying and addressing risks related to modern-day slavery and worker exploitation. It allows us to go beyond desktop audits, providing on-the-ground insights into labor conditions at critical locations.”

L Palmer, ESG Compliance Officer

Find out how Ground Truth Reporting can help you.

For more information about our work with the Fashion and Retail industry, please contact us here.