Modern Slavery Statement
BDO in Australia is subject to the Modern Slavery Act 2018 (Cath) (‘Act’) that commenced operation on 1 January 2019. The Act requires reporting entities subject to the Act, to produce an annual modern slavery statement. Our first annual statement is due on 31 December 2020.
We are committed to operating our business lawfully and ethically and in only working with suppliers that are aligned to our values. We expect our suppliers to operate in accordance with all applicable modern slavery laws including those prohibiting human slavery and slavery like practices, human trafficking and child labour. We value and observe all laws regarding corporate social responsibility, environmental and workplace safety protection and staff inclusion and diversity. We have a whistle-blower policy and an external hotline for staff and suppliers to use.
We have a relatively simple supply chain that includes the purchase of products and services needed for the businesses day-to-day operations including office supplies, employment and training of staff, external legal advice, leasing of office space, IT infrastructure and support services and travel. BDO’s Finance & Administration and People & Culture teams have various policies in place that support our day-to-day operations to ensure all staff and suppliers meet BDO’s core values.
In preparing for our first annual modern slavery statement, a senior internal director will take ownership and responsibility for compliance with the Act.
Particular steps we will undertake, include:
- Assessing the potential modern slavery risks in our operations and supply chains with emphasis on high risk geographical locations and business transactions
- Developing and reviewing company policies on modern slavery in operations and supply chains
- Developing training for staff in modern slavery requirements
- Preparing to conduct due diligence on local and global supply chains
- Reviewing supplier contracts to ensure they contain terms that are consistent with the Act
- Taking steps to address any potential modern slavery risks identified and
- Setting up a program to measure effectiveness through performance monitoring.