Modern day slavery
Modern slavery is one of the most discussed human rights issues of our time.
Human trafficking, though a largely hidden crime, is believed to affect 2.4 million people at any given moment.
It is also estimated that 21 million people are living in forced labour conditions, generating profits of around $150 billion per year. An estimated 14.2 million of those working in forced labour are in the private sector.
The London hub of Salt explored this topic in February 2017 and looked at:
- An overview of the problem
- The regulation that has been put in place to help mitigate this
- Key risk areas for companies
- Best practice
- Case studies of how Christian Aid is tackling this issue in the global south
- Tactical actions that members could take to lead change in their own business and provoke a community of change across faith and business networks
Members committed to:
- Improve their supply chain transparency
- Review their most important purchases
- Assess the risk related to their subcontractors
- Build staff awareness on Modern day slavery issues
- Review standard contacts with suppliers
- Speak at external events about the actions they have taken to tackle Modern Slavery in their own business.
To download resources on Modern day slavery, visit the Salt Resources page.
For details on our next workshop on Modern day slavery, check out the Salt events page.
Developing a Values-based business model
Being a value-led business is a journey that often starts with a foundational motivation or ‘calling’.
But how do we translate this motivation across an entire organisation?
The London hub of Salt examined the three stages of creating a value-led business:
- What motivates you as a business leader? What are you trying to achieve? How does your faith play a role in that? Did you feel ‘called’ to set up your business or do you feel a calling to operate in your current role?
- How do you articulate that motivation? Do you have a vision statement and or value statement for your company? Did you help develop your company value statement or do you feel aligned to your company value statement?
- Do you put values into practice? How have you tried to embed these values in your organisation? Are you measuring progress on them? What are the barriers you see to embedding these values?
Members committed to:
- Define and agree their business purpose
- Articulate their purpose to customers and investors
- Define and agree their values
- Communicate and articulate their values framework.
To download resources on building a Values-based business model, visit the Salt Resources page.
For details on our next workshop on building a Values-based business model, check out the Salt events page.
Putting Values to Work
Businesses like any other organisations have values that underpin their every-day practices.
These values can be implicit or they can be stated in a more explicit and clear way.
Businesses establish core values as a foundation upon which they build their mission, purpose and operating model.
After a business has established their value statement, or a holistic business purpose, it then needs to be embedded in its diverse business processes and operations.
This workshop will look at two broad ways in which to create a value-led business model:
- Embedding sustainability in the business mission and value statement in aligning sustainability with creating a sustained profit.
- Changing the business model of the company to explicitly state those wider sustainability issues such as a B-Corporation certification or becoming a Social Enterprise.
This workshop is due to run for the first time in October 2017. For further details, keep an eye on the Salt events page.