Modern slavery in the geopolitical crossfire

Rachel Alembakis talks on what competing global laws mean for Australian companies and investors.

Modern slavery risk used to be mainly a question of transparency and disclosure. In 2026, it’s become a question of geopolitics.

In a new white paper for FS Sustainability’s Journal of ESG Integration, our Stewardship Manager Rachel Alembakis examines how three competing legal regimes are colliding: US tariffs targeting goods linked to forced labour, Australia’s proposed reforms to the Modern Slavery Act, and China’s new supply chain security laws designed to counter foreign investigations. For companies and investors managing human rights risk across global value chains, navigating all three at once is no longer optional.

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