Tackling Modern Slavery in Renewable Supply Chains
- Human rights and modern slavery issues are endemic across many industries and regions of the world today.
- Within the renewables industry, there are various areas for concern and risk including cobalt, tungsten, polysilicon and other areas of supply particularly within the solar and battery storage markets (1).
- To combat this, we have worked directly with our Investees to put in place extensive due diligence processes and more robust practices to seek to avoid Modern Slavery in supply chains and drive a no tolerance approach by directly engaging suppliers on the issue and enforcing our requirements in tendering processes and final contracts.
- Where feasible, we may also work to use alternatives that avoid use of high risk input materials
- We believe that through our influence and allocation of capital, we can drive change and critically needed improvements in the industry.
- We demand high levels of transparency, direct communication and have commenced implementation of financial ramifications and termination capabilities if we find modern slavery breaches from our suppliers.
- The below charts the process that is being implemented by Quinbrook across our majority-owned portfolio companies to enforce our stance on modern slavery and human rights.
Sources: (1) In Broad Daylight Uyghur Forced Labour and Global Solar Supply Chains, Helena Kennedy Centre for International Justice, Feb 2021, https://www.shu.ac.uk/helena-kennedy-centre-international-justice/research-and-projects/all-projects/in-broad-daylight