Transparency in Supply Chains Clause (TISC)

This ‘Transparency in Supply Chains’ clause requires organisations with a worldwide turnover of £36m or more and that have a ‘demonstrable’ presence in the UK to produce and publish a slavery and human trafficking statement each financial year ending on or after 31 March 2016. The statement is a summary of the steps the organisation has taken during the financial year to ensure that slavery and human trafficking is not taking place in any part of its business or its supply chains. A statement needs to be published regardless of whether any steps have been taken or not. While a disclosure stating that the company does nothing to prevent such practices is legally compliant under the law, such a disclosure can leave a company susceptible to negative publicity from customers and human rights organisations. The guidance document was updated in October 2017.