Many companies today attempt to diligently track their supply chain to ensure no people at any stage are being forced or exploited for end-consumers to enjoy cheaper products.
D. John Miller, Founder and CEO of DJM capital, with US$2 billion of assets under management, participated in a panel during The Global Sustainability Network (GSN) conference at Lambeth Palace in London. The conference was attended by former United Kingdom Prime Ministre, Theresa May.
Miller emphasises that the most effective approach to tackling modern slavery is through governmental, private, and philanthropic sector partnerships. Discussing the lack of centralised information for world governments anti-modern slavery funding, he said that a comprehensive database would benefit philanthropic foundations and victims of slavery.
He added: "Philanthropists are uniquely equipped to help innovate solutions to communities' social challenges. We always aim to start with education, with children. We must equip our children with knowledge and options, allowing them to seek better and more fruitful opportunities through education. Attending school and receiving higher education has been shown time and time again to prop children up for a better future, and helps children find decent work, devoid of exploitation.”
The Global Sustainability Network is pursuing the United Nations Sustainable Development Goal number 8, with particular emphasis on Goal 8.7, which "takes immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking, and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms".