Working Capital: Humanity United Sets Up Anti-Slavery Investment Fund
The Omidyar Group and its affiliated foundation, Humanity United, have set up an impact investment fund that places capital in early-stage technology companies whose innovations can be used to fight forced labour and worker abuse in corporate supply chains. The first investee of the Working Capital Investment Fund is Provenance, a UK-based start-up whose block chain technology systems can help identify and eliminate unethical hiring practices in supply chains, and also provide workers with a secure and confidential platform for reporting on their working conditions. Corporate investors in the fund include the Walt Disney Company, Walmart and others. For a profile on the fund, see story.