It is a huge pleasure to be here serving under your chairmanship, Mr Robertson. I very much thank my hon. Friend the Member for Grantham and Stamford (Gareth Davies) for securing this vital debate and for bringing with him a wealth of experience from his distinguished career in the investment industry, which informs us all and helps us all to move further. I also thank my predecessor, my right hon. Friend the Member for Staffordshire Moorlands (Karen Bradley). We have taken important strides forward in recent years but must continue to evolve as modern slavery continues to evolve. During our G7 presidency, we agreed joint action on forced labour in global supply chains and reaffirmed commitment to upholding human rights and international labour standards. Last week, we marked Anti-Slavery Day, reflecting on the trauma victims suffer, cruelty of exploiters, and bravery of survivors rebuilding their lives. We have invested £379 million over five years for a new modern slavery victim care contract and £1.4 million this year to support police response to modern slavery, bringing total investment in policing to £15 million since 2016. Following the recognition that the nature of modern slavery has evolved, we announced a review of the 14 modern slavery strategy to adapt our approach and maintain leadership. We will publish a new strategy next spring setting strategic direction for years to come. Through the Modern Slavery Act 2015, we became the first country in the world requiring businesses to report on actions taken to address modern slavery risk in their operations and supply chains. The Government committed to introducing an ambitious package of measures to strengthen our world-leading legislation on transparency in supply chains. We will extend reporting requirements to public bodies, mandate specific reporting topics, set a single deadline for reporting, require organisations to publish statements to a new Government registry, introduce financial penalties for non-compliance. Investors must scrutinise investment portfolios and engage companies on their response to modern slavery. The Home Office is working with investors to understand how we can encourage and incentivise businesses and investors to place the same emphasis on social issues as environmental challenges. We will consider extending the scope of section 54 as part of our strategy review.