Recovering From COVID-19: The Role of Sustainable Finance To End Modern Slavery and Human Trafficking

This event explored how the financial sector can address modern slavery and human trafficking, with a focus on the aftermath of COVID-19.

- America/New York

The theme of this year’s UN High-Level Political Forum is "sustainable and resilient recovery from the COVID-19 pandemic that promotes the economic, social and environmental dimensions of sustainable development".

This side-event explored the key role of the financial sector in addressing modern slavery and human trafficking, focusing particularly on building back better from COVID-19. Sustainable and inclusive finance can foster effective action by business to identify and mitigate modern slavery risks in their value chains, and ensure business actions during the pandemic are not exacerbating such risks. Research shows that businesses with a reputation for protecting workers have out-performed others on share price since the pandemic began. And investors continue to migrate towards Environmental, Social and Governance (ESG) investments. Moreover, financial inclusion and Fintech can play in reducing vulnerability to modern slavery and human trafficking. During the “Decade of Action” on the Sustainable Development Goals, partnering with the financial sector will be crucial in addressing modern slavery and human trafficking risks at scale.

The event was co-sponsored by the Permanent Missions of Australia, Liechtenstein, Luxembourg, the Netherlands, Norway and Spain to the United Nations. Finance Against Slavery and Trafficking (FAST) is a project based at United Nations University Centre for Policy Research.

A recording of this event can be accessed here.


Daniel Thelesklaf

Project Director
Finance Against Slavery and Trafficking

Fiona Reynolds

Principles for Responsible Investment

Dawne Spicer

Executive Secretary
Caribbean Financial Action Task Force

James Kofi Annan

Challenging Heights

H.E. Carlos Ruiz González

Spanish Ambassador-at-large for Human Trafficking

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