Human trafficking is one of the world’s fastest-growing illicit activities, and with much of it taking place in the shadows, its true magnitude is difficult to measure, according to Polaris, a global nongovernmental organization working to eradicate human trafficking. Research cited by Polaris estimates that more than 40 million victims worldwide are exploited by this $150 billion industry, which is more than the gross income of many Fortune 100 companies.
“Businesses are responsible for ensuring fair and legal treatment of workers, monitoring their supply chains, and abiding by fair labor standards, but combating human trafficking is much more than a legal requirement,” observes Don Fancher, a principal at Deloitte Financial Advisory Services LLP. “It’s the right thing to do, and it’s important for business, communities, and people to engage in the fight against these crimes,” says Fancher, who hosted a webcast on the topic.
Read the full article from The Wall Street Journal