Mint Asset Management Pushes for Modern Slavery Action Despite Government Setback

Mint Asset Management will continue engaging with companies on modern slavery despite the absence of specific legislation. Rachel Tinkler, Mint's head of responsible investment, noted industry interest in upskilling and broader investor engagement on the topic. This follows the coalition government's decision to disband the modern slavery leadership advisory group, with Workplace Relations and Safety Minister Brooke van Velden stating that self-regulation is expected from businesses.

Earlier this year, Mint led a coalition of fund managers urging the government to enact strong modern slavery laws in New Zealand. Modern slavery, involving forced labor, debt bondage, and human trafficking, affects an estimated 8,000 people in New Zealand. Despite existing policies meeting free trade agreement requirements, industry leaders continue to push for more robust legislative measures.

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