Ensuring Ethical Practices in Your Supply Chain
Bill S-211, also known as the Fighting Against Forced Labour and Child Labour in Supply Chains Act, has been enacted by the Canadian Government, effective January 1, 2024. This legislation mandates certain private-sector entities and government institutions to submit an annual report to the Minister of Public Safety by May 31 of each year. This report will outline the measures taken during the previous financial year to mitigate the risks of forced labor or child labor within their operations or supply chains.
The primary objective of Bill S-211 is to align with Canada’s global commitment to combat forced and child labor by imposing reporting obligations. Through this Act, the federal government aims to foster responsible business practices by promoting transparency via public reporting and imposing sanctions for non-compliance.
Is your business ready for Bill S-211?
Any corporation, trust, partnership, or unincorporated organization engaged in activities including producing, selling, or distributing goods in Canada or internationally, importing goods into Canada, or controlling entities involved in these activities, may be impacted by this legislation. Specifically, entities listed on Canadian stock exchanges or having a presence, conducting business, or holding assets in Canada and meeting certain financial criteria will fall under the scope of this Act.
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