Transparency in Supply Chain ACT (TISC)
"It's not a job killer, it's a life-saver."
- Governor Arnold Schwarzenegger
“ASSET was the Chief Organizational Sponsor and Original Sponsor of the California Transparency in Supply Chains Law. As ASSET’s Founder Julia Ormond was the driving force behind California’s groundbreaking ‘California Transparency in Supply Chain Act.’ She brought the idea to me as leader of the California Senate. She led the advocacy team in Sacramento during the many long months it took to pass the Act. When many doubted its passage, she persisted.
The Act is the catalyst for the dramatic progress in recent years to improve compliance with international standards prohibiting human trafficking and slavery.
Simply put, but for Julia’s direct leadership and work, it never would have happened”
- Darrel Steinberg , California Senate President pro Tempore and the leader of the majority party in the California State Senate from 2008 to 2014.
Transparency Legislation in Action
March 2017 -- iPoint and Development International released a comprehensive benchmark report on California's Transparency in Supply Chains Act of 2010 (CA-TISC), with the Forward written by Julia Ormond.
The study shows improvements on all fronts: greater levels of anti-slavery compliance, greater disclosure rates, and a greater number of more in-depth disclosures overall. The increased compliance not only demonstrates how laws like CA-TISC can be effective, but also that slave labor is getting increased scrutiny around the world.
We are proud to see our work have such a clear and measurable positive impact and we look forward to making further improvements. This report shows that forward looking legislation can both reduce slave labor in supply chains and gives consumers more knowledge on where their purchases comes from. We hope it serves as a model for future legistion.
Since 2007, ASSET has campaigned to address all forms of trafficking and enslavement and been the architect of innovative solutions to eradicate forced labor in our supply chains to deliver human rights and social impact.
ASSET was the source, co-sponsor and organizer of the game-changing and now global legislation, the Transparency in Supply Chains Act (TISC) which passed in 2010 and became law in January 2012 in CA. ASSET also mobilized support for the legislation among antislavery and human rights organizations, and initiated outreach and secured the endorsement of over 40 institutional investors and asset managers, representing approximately 32 billion in assets under management.
This Act requires the major retailers or manufacturers in the state to publicly disclose their policy, i.e. what they are doing to eradicate slavery and human trafficking throughout their product supply chains. ASSET went on to partner with Unseen UK around the inclusion of TISC in the UK Modern Slavery Act of 2015.
Prior to this legislation, the only things companies were required to disclose were their policies on gender and policies on race.