Modern Slavery Statement

Reducing Risks to People in Australian Equity Portfolios

Modern slavery takes place covertly, supported by crime and corruption. The International Labour Organization and the Walk Free Foundation estimated in 2017 that 40.3 million men, women and children had been victims of modern slavery on any given day during the previous year. This was equivalent to one out of every 185 people throughout the world. Most of the enslaved (71%) were women and girls. The research also estimated that forced labour generated US$150 billion (A$220.5 billion) in profits annually.

Modern Slavery: Is Your Portfolio at Risk?

At AllianceBernstein, we are committed to working to reduce modern slavery risks to people associated with the operations and supply chains of Australian listed companies. To this end, we have created a range of materials to support our clients and consultants in reducing these risks in their portfolios, and in helping to combat modern slavery.

Introduction To Modern Slavery

Not only is reducing modern slavery the right thing to do, researching the risks and proactively engaging with corporates to reduce them can also lead to better investment outcomes. This is because talking directly to global supply-chain managers provides an important enhancement to our fundamental research capability.

How Modern Slavery Can Affect Your Life

Modern slavery is a pervasive social evil. Just how pervasive can be seen from the normal, day-to-day routine of an Australian consumer who, merely by doing the weekly shopping, risks becoming exposed in many and surprising ways to the results of forced labour.

Modern Slavery in Your Everday Life

A good starting point to understand the scale of modern slavery and our approach to researching it is to consider how pervasive the practice has become in nearly every aspect of daily life. One way to illustrate this is to look at how a routine trip to the supermarket can bring ordinary Australian consumers into contact with products made with slave labour and lead them, through their purchasing decisions, to becoming unwitting beneficiaries of a crime. 

At A Glance: The Risks In Your Portfolio

Our modern slavery research methodology maps how companies and industry sectors are exposed to modern slavery risk—from supermarkets and global manufacturing at the high end of the risk spectrum, to real estate investment trusts and insurers at the low end.

At A Glance: The Risks In Your Portfolio

Our modern slavery research methodology maps how companies and industry sectors are exposed to modern slavery risk—from supermarkets and global manufacturing at the high end of the risk spectrum, to real estate investment trusts and insurers at the low end.

Are You Unwittingly Benefiting From A Crime?

Our modern slavery research methodology maps how companies and industry sectors are exposed to modern slavery risk—from supermarkets and global manufacturing at the high end of the risk spectrum, to real estate investment trusts and insurers at the low end.

Our Team

If you would like any more information about modern slavery please contact a member of our team.

Brad Karp

Managing Director
Australia Client Group
(03) 8630 2232
Brad.Karp@AllianceBernstein.com

Jeremy Browne

Managing Director
Australia Client Group
(02) 9255 1230
Jeremy.Browne@AllianceBernstein.com

Mark Williams

Managing Director
Asia Pacific Consultant Relations
(02) 9255 1271
Mark.Williams@AllianceBernstein.com