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<p>The Department for Business, Innovation and Skills (BIS) has introduced a requirement
for large listed companies to include in their Strategic Report information on human
rights issues. This requirement will be further enhanced by the Non-Financial Reporting
Directive, due to come into force by 2017, which specifically includes human rights
due diligence and supply chains.</p><p> </p><p>In December last year, I announced
support from BIS for the Corporate Human Rights Benchmark, which will assess and rank
the human rights performance of 500 companies worldwide. The combination of enhanced
disclosure and published assessments of company performance will provide a powerful
incentive to businesses to ensure that workers in their overseas supply chains are
free from exploitation and are paid fair wages.</p><p> </p>
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