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• Global modern slavery regulation, which fails to adequately compel companies to remove products made with the use of forced labour from their supply chains, exacerbates this issue. The notable exception to this is the US Uyghur Forced Labor Prevention Act (UFLPA), which applies a rebuttable presumption that any product mined, produced or manufactured, wholly or in part, in the Uyghur Region is tainted by forced labour and consequently cannot be imported into the US. Many of the investors we approached noted that the UFLPA was the primary incentive for meaningful investor action. Companies operating in jurisdictions without import controls or comparable legislation have little material incentive to undertake the labour-intensive work of supply chain tracing and thus are less proactive in addressing portfolio exposure.
Respecting Rights in Renewable Energy
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