CBIS helps lead support for new anti-trafficking bill in Congress

CBIS, along with Calvert Investments and The Interfaith Center on Corporate Responsibility, today applaud the introduction in the House of Representatives of The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 by Congresswoman Carolyn Maloney (D-NY) and Congressman Chris Smith (R-NJ). The bill will require public companies with more than $100 million in annual revenues to disclose what measures they are taking to prevent human trafficking, slavery, and child labor in their global supply chains as part of their annual reporting to the Securities and Exchange Commission. Julie Tanner, Assistant Director of Catholic Responsible Investing at CBIS, explains that this bill will help reduce the incidences of human trafficking around the world while providing “investors with the information necessary to adequately evaluate risks to their portfolios and potential impacts to shareholder value.”