Bloomberg Equality: Slavery Disclosures

The video discusses the challenges of identifying modern slavery in supply chains, highlighting the initial denial by companies and the need for proactive measures. It examines successful company practices, the geographical and demographic breakdown of modern slavery, and the industries most affected. The impact of the pandemic on modern slavery is also explored, noting increased vulnerability and supply chain disruptions.

What is a common initial reaction of companies when confronted with the possibility of modern slavery in their supply chains?

• They immediately take action to investigate.

• They deny the possibility and claim to be good companies.

• They seek external help to address the issue.

• They report it to the authorities.

What is the first step successful companies take to address modern slavery in their supply chains?

• They focus on gender equality.

• They wait for external audits.

• They actively search for signs of modern slavery.

• They increase their marketing efforts.

Which region is most affected by forced and debt-bonded labor according to the International Labor Organization?

• South America

• Asia Pacific

• North America

• Europe

Which industry is NOT mentioned as being significantly affected by modern slavery?

• Seafood

• Automobile manufacturing

• Electronics

• Fashion and cotton

What percentage of the world's chocolate ingredients comes from West Africa?

• 30%

• 85%

• 50%

• 70%

How has the COVID-19 pandemic affected the risk of modern slavery?

• It has decreased the risk due to increased awareness.

• It has led to stricter regulations reducing the risk.

• It has increased the risk due to economic vulnerabilities.

• It has had no impact on modern slavery.

What is the estimated increase in the number of children in child labor due to the pandemic?

• 25%

• 18%

• 10%

• 5%