Features

Employers should address rising stress and mental health risk through collaboration between internal departments and insurance providers. A dedicated employee risk manager is part of the solution, argues Andrew Woolnough, value propositions director at Willis Employee Benefits. Companies have an important role to play in advancing SDG 3.4 to promote mental health and well-being.

Hong Kong's securities regulator reported a spike in the number of instances where the city's financial firms are failing to comply with its anti-money laundering guidelines. It has long been known that money laundering can have significant negative impact on economic growth. Enforcement of regulations to eradicate money laundering contributes to advancing SDG 16.4 by 2030 to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.

Human trafficking is one of the main profit-generating activities for organised criminals in Europe and the revenue generated is often laundered through the financial system. Understanding the complexities of human trafficking is vital to both SDG 8.7 to take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and SDG 16.4 to significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime.

The UK's Modern Slavery Act 2015 aims to make businesses accountable for forced labour in their supply chains: large organisations with a presence in the UK are required to produce an annual ‘slavery and human trafficking statement’ detailing the action they have taken. A report from Ergon Associates shows that the majority of statements already submitted are lacking in key information and meaningful action. The Act directly addresses SDG 8.7 to eradicate modern slavery and human trafficking by 2025.