Table of key identified potential modern slavery risks identifies, geographic, industry and sector, and to a limited extent workforce risks.
'3. RISKS
Category of risk
Geographic risks due to poor governance, weak legal systems, conflict, migration flows and socio-economic factors
- Geographic risk varies, depending on the degree of legislation and enforcement in the countries where the group operates, sources supplies from or uses labour hire.
The Company has identified the following key geographic risks
- Singapore Lack of skilled labour Retail and office services
- Malaysia Migrant labour exploitation Fabric and apparel
- Cambodia Freedom of association Apparel
- Indonesia Freedom of association Apparel
Industry and sector risks
-The group's businesses are based in the fashion and textile industry which is recognised globally as a high risk industry for potential modern slavery risks.
- The Company is aware that there is an increased risk of modern slavery practices being adopted in industries that seek to minimise production costs. That is, a focus on minimising production costs can lead to labour exploitation or illegal deductions from employee wages in order to keep production costs low.
- The Company is also aware that there is an increased risk of modern slavery where the Company sources raw materials or supplies from third party suppliers operating in jurisdictions in which it does not have operations (as in this case, the Company may not have a clear oversight over the entity/business practices.
- Minimising production costs may also increase the risk of human rights violations through harassment or abuse, health and safety measures being compromised, gender discrimination and exploitation of working hours without rightful compensation.' - 6