ESG News

Li & Fung is excited to release our 2023 Modern Slavery Statement that outlines how we are rising to this challenge – at every stage of the journey – from robust prevention and mitigation efforts to rights-based remediation.

According to the latest global estimates by the International Labour Organization (ILO), 49.6 million people are in modern slavery globally, with some 28 million people in forced labor. Now, more than ever, it is important for companies to take a proactive approach to addressing the issue, using the OECD Due Diligence Guidance on Responsible Business Conduct.

Included in the report is a sneak peek at our 2024 Modern Slavery Strategy that focuses on increasing transparency to better assess and address risks in the upstream supply chain and building capacity of rights-holders, their representatives and business partners. We will also be focusing on promoting responsible recruitment in our own operations as well as continuing this work across our supply chain. Read more about what actions we’re taking here.