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Bill S-211 – Mandatory Reporting: Supply Chains Act

May 10 @ 10:30 am - 11:30 am

As an OG100 member, you may fit the entity criteria that requires reporting on Forced Labour in Canadian Supply Chains.

Exclusive Webinar: Understanding Reporting Requirements for Forced Labour in Canadian Supply Chains (Bill S-211)

OG100 has approached the Ministry of Public Safety to host an exclusive webinar for members, to ask questions and better understand the reporting requirements related to this bill. This webinar is open to members, +1s and leaders who may be responsible for this reporting requirement.

Does this affect my business?

Bill S-211 came into force on January 1, 2024, with a report due on or before May 31 of each year to the Minister of Public Safety.

This bill applies to entities, described as a corporation or a trust, partnership, or other unincorporated organization, that engage in any of the following activities:

  1.  Produce, sell, or distribute goods in or outside Canada,
  2. Import goods produced outside of Canada, or
  3. Controls an entity engaged in either of the above activities.

Entities subject to the bill must also meet one of the two requirements:

  1.  Be listed on a stock exchange in Canada, or
  2. Have a place of business in Canada, do business in Canada, or have assets in Canada, and based on their consolidated financial statements, meet at least two of the following conditions for at least one of their two most recent financial years:
  • Have at least $20 million in assets.
    • Have generated at least $40 million in revenue.
    • Have an average of at least 250 employees.

Businesses required to conform, must submit their first report to the Minister of Public Safety by May 31, 2024, proving that it’s timely to understand the implications.

Additional and updated guidance relating to the Supply Chains Act can be found on the Public Safety Canada website.

This one-hour webinar and live Q&A is directly with the Ministry of Public Safety, including Chad Westmacott, Director General and team.

This webinar is open to members, +1s and leaders who may be responsible for this reporting requirement.

Details

Date:
May 10
Time:
10:30 am - 11:30 am

Venue

Virtual

Organizer

OG100
Phone:
(519) 265-4686
Email:
info@og100.org
Website:
http://www.og100.org

For full details or to attend an event, contact the office today