ESG PRESENTATION
OUR RESPONSE TO THE AUSTRALIAN MODERN SLAVERY ACT
ANZ will report against the Australian Modern Slavery Act's mandatory criteria in 2020, describing how we identify and
act on key modern slavery risks in our operations and supply chain.
OUR FOCUS IN FY20 IS ON RISK ASSESSMENT, BUILDING AWARENESS, POLICY REVIEWS AND IMPROVING DUE DILIGENCE
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We have reported against the UK Modern Slavery Act for the past four years, which focused on our supply chain and operations. The
Australian Act is broader and extends the work we have been doing in our supply chain to our business operations, including lending to
customers and our investments.
Assessing the risks of modern slavery across our business is challenging. A cross functional working group helps identify, discuss and
act on potential modern slavery risks across our operations and supply chain.
We have existing processes in place to help identify where modern slavery risks could be and how we can respond. These include
financial crime transaction monitoring, customer due diligence, and screening of high risk products and services in our supply chain.
New actions we've taken seek to build on this approach. For example all employees are required to complete our Mandatory Financial
Crimes Learning module that covers a modern slavery case study; building awareness of modern slavery through information sessions;
high risk product tracking in our supply chain identifying raw materials included in branded promotional items.
WE PLAN TO IMPROVE OUR APPROACH IN FY21, BY FOCUSING ON:
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Improving our risk assessment process
Targeted engagement with customers in potential 'hot spots' in our Commercial business
⚫ Industry typology/indicators for modern slavery
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Continued supply chain tracking
Building awareness and training for our staff
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Reviewing the effectiveness of relevant policies and programs in responding to modern slavery.
ANZ
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