AAMRI Consortium for Modern Slavery Reporting
Together with The Kids Research Institute Australia, WEHI and the Olivia Newton-John Cancer Research Institute, AAMRI is forming a consortium to jointly address the requirements of the Modern Slavery Act 2018.
13 December 2024
As part of this initiative, AAMRI is partnering with Informed 365, a highly regarded data provider specialising in Modern Slavery compliance.
The Informed 365 platform is designed to uncover the most comprehensive supplier and third party insights to help medical research institutes streamline their voluntary or mandatory modern slavery reporting.
Modern slavery in Australia
50 million people globally and 15,000 people in Australia are estimated to be living in slave-like conditions, including human trafficking, slavery, servitude, forced marriage, forced labour, debt bondage, deceptive recruitment and the worst forms of child labour, which involve slavery practices or hazardous work involving children.
In Australia, the Modern Slavery Act 2018 requires large businesses and other entities with a turnover of more than $100 million AUD to report annually on the actions they have taken to address modern slavery risks in their operations and supply chains.
With the appointment last month of a new Australian Anti-Slavery Commissioner, along with recent recommendations to lower the reporting threshold from $100 million to $50 million, many organisations not meeting the current threshold are now submitting voluntary Modern Slavery Statements to prepare for future requirements and demonstrate their commitment to addressing modern slavery and human trafficking risks in their operations and supply chains.
Benefits of a medical research institute consortium
- Expected overlap of over 60% of suppliers represents an opportunity to reduce supplier fatigue significantly by only requiring suppliers to complete their questionnaire once. This approach also enables more rapid insights for AAMRI consortium members as data shared by suppliers can be made immediately available to all.
- Ongoing peer support and monthly subject matter expert support at consortium meetings – a proven model of tackling the challenge alongside other organisations, with the support of subject matter experts.
- Combine shared supplier data with your private, internal data for the most comprehensive view of a supplier – individual, secure dashboards allowing members to share supplier data, while keeping spend and other confidential data private.
- Access to the tried and tested Informed 365 tool backed by industry consortium success stories across the Property, Water, Energy, Not-for-profit, and Health sectors.
Functionality to expand into other ESG areas such as Scope 3 emissions reporting in the future.
Be one of the first 10 institutes to join
All 10 founding members of the AAMRI consortium will be offered a heavily reduced membership fee of $500 per month for the first 2 years (usually $1,070 per month) – including access to:
- Modern Slavery Act compliance questionnaire – Customisation & Implementation
- Customisable dashboards
- Customisable reports
- Customisable Continuous Improvement Pathways (CIPs)
- Unlimited suppliers (no cost to suppliers)
- Dedicated Account Manager
- Support team
- Monthly working group meetings hosted by subject matter expert (Robin Mellon), supported by Informed 365 and attended by consortium members
- Exclusive invitations to events such as round-tables with expert guest speakers
We invite and encourage other AAMRI members to join with The Kids Research Institute Australia, WEHI and the Olivia Newton-John Cancer Research Institute to demonstrate a shared commitment to tackling modern slavery and to foster collaboration across our supplier networks.
Online information and demonstrations will be held in early 2025 for interested institutes.
To express your interest in joining the consortium, to attend the demonstration or to request further information, please register your details online (via the Informed 365 website).