Region: Canada

The Principles for Responsible Investment (PRI) welcomes the Bill S-216, Act to enact the Modern Slavery Act and to amend the Customs Tariff and the current study of the bill by the Standing Senate Committee on Banking, Trade and Commerce. In order to align the act with international standards and emerging regulation in other jurisdictions, the PRI recommends four alterations to the bill that are crucial for institutional investors to avoid subjecting them and their portfolio companies to deviating national standards.