We’re taking action against modern slavery
Human rights and ethical labour practices are key considerations within our responsible investment approach, and we believe socially and environmentally sustainable companies create long-term investment value. In alignment with this approach, we’ve collaborated with leading property organisations to help combat modern slavery.
Teaming up against modern slavery
We worked with the Property Council of Australia and a consortium of 14 PCA members to develop and pilot a new online platform that evaluates against the requirements of the Modern Slavery legislation. The platform will streamline the reporting process and allow suppliers to easily share information with property organisations.
We’re also partnering with our current suppliers to understand, educate and help improve our supply chains, and we’ll be establishing relationships with new suppliers and business partners who can demonstrate fair, equitable and ethical practices.
Promoting ethical labour
Our involvement with the platform follows our work as a founding member of the Cleaning Accountability Framework (CAF), a game-changing ethical cleaning certification scheme launched in April 2019. ISPT was the first company in Australia to adopt the CAF in all of our cleaning contracts. To date we have five certified properties, and will continue to certify all retail and commercial properties in our portfolio.
Hidden in plain sight
In Australia, modern slavery is an umbrella term that refers to cases of human exploitation, where the victims can’t refuse or are unable to leave. It affects a range of industries and is often ‘hidden in plain sight’ in the global supply chains and complex operations of businesses, organisations and other entities. Organisations that depend on labour, particularly low-skilled labour, are most at risk of unknowingly supporting modern slavery as part of their operations.