Modern Slavery is a term used to cover slavery, servitude, forced or compulsory labour and human trafficking. Modern Slavery is a crime and a violation of human rights. This statement is published by the Charles Taylor group of companies, and it extends globally to all our wholly and majority owned entities within the Charles Taylor Group (the “Group” or “Charles Taylor”).
This Modern Slavery and Human Trafficking statement is made pursuant to section 54 of the UK Modern Slavery Act 2015 (the “Act”). It sets out the Group’s approach, policies, procedures and actions to combat Modern Slavery in its various forms.
Charles Taylor is committed to preventing acts of modern slavery and human trafficking from occurring within its business and supply chain and imposes the same high standards on its suppliers.
This commitment requires us to assess human rights risks in all our businesses and resulting from our operations. We do this by considering equality, corruption and bribery, child labour, forced labour, slavery, trafficking, discrimination, health and safety and working conditions.
Charles Taylor provides an unrivalled and growing range of insurance services, claims and technology solutions across the globe, specialising in complex situations requiring distinctive technical expertise and technology.
We operate through several business units organised under three areas: -
The Company operates globally in over 120 locations in 40 countries. To find full details of our office network please visit: www.charlestaylor.com/en/about-us/locations/.
The Board of Directors is responsible for setting out the Group’s overall strategy and operating model. It sets the tone from the top on the business ethics and culture expected of our Group. The Executive Committee is responsible for the overall management/running of the Group and for overseeing the implementation of agreed Group strategy in line with the agreed operating model.
The Group Chief Financial Officer (Chantel Garfield) who is a member of the Executive Committee, is responsible for the Group meeting the standards set out in this statement.
The Group’s risk management framework and processes are designed to identify, evaluate, and manage the risk of the Group not achieving its business objectives or incurring losses. We take our responsibilities in complying with the legal, regulatory and policy development responsibilities seriously and we understand that these are important in helping us uphold human rights and address any breaches or violations of these rights promptly.
In order to assist us we have developed the following:
The application of each of the above areas of control activity to the area of Modern Slavery and Human Trafficking is outlined below.
The Group has a comprehensive set of policies which apply to all Charles Taylor operations and employees, irrespective of where they are based or deployed. We review our policies on a regular basis (at least annually) to ensure that they remain fit for purpose. Our policies relate to the Group’s relationships with our staff and those who come into contact with the Group; they support the promotion and maintenance of a consistently high standard of business ethics.
We believe that high standards of business ethics and a consistency of approach can add value to our operations and further enhance our reputation. Here we have set out our approach, reflecting our attitudes, adopted processes and our progress in maintaining an ethical and responsible business.
The policies and other documents that are relevant to our ongoing efforts to avoid Modern Slavery and Human Trafficking within our operations are as follows:
Onboarding and Due Diligence procedures – These procedures form an integral part of our risk assessment framework.
We believe that continuously training our staff is a key part of our risk management framework. The Group uses different tools to ensure that our standards and policies are communicated to – and understood by – our people. As part of our induction process we communicate the policies to any new staff joining and record their reading and understanding of the same. Mandatory training takes place annually for certain areas. This is monitored across the Group and compliance reported to the management team.
There is ongoing communication via e-mail and regular briefings and seminars for the relevant people on specific topics. Our policies and procedures are available on our Group intranet, Compass to all staff. Updates to these policies are communicated proactively as appropriate via the Business Management System for mandatory review and re-acceptance.
Overall: we continually assess our exposure and the potential for exposure to risks and have a control and reporting framework to communicate any issues that we identify as part of our monitoring. This includes an assessment of the risk of our operations possibly using or being involved in slavery and human trafficking activities. We have assessed that this risk is low. As a provider of professional and technical services, we are not a direct manufacturer or supplier of goods. Our staff generally have a high level of technical capability and professional qualification.
Risk assessment of our Supply Chain: our supply chain does not have a need for a high degree of manufacturing or a labour-intensive resource. Our main exposure for potential slavery and human trafficking risks exists through the maintenance and support of our IT and property-related infrastructure.
To manage this risk we have an established procurement function within our IT business to ensure consistent application of the Group’s policies through the procurement process, into our supply chain and subsequent ongoing vendor monitoring.
In parallel with this the broader Group’s procurement approach went through a complete review and we will build out a single, unified procurement framework across the Group in 2023. All contracted partners wishing to work with Charles Taylor must demonstrate their commitment to our culture, policies, and processes, and in particular adherence to the Act, alongside other key cultural elements such as Diversity & Inclusion and Environmental Corporate Governance.
We take particular care to ensure that our service partners pay their staff fairly, and as an example in our UK offices all third-party workplace-related vendors are required to pay their staff the minimum “living” wage, and in the capital the London Living Wage.
For certain projects and in certain countries which we believe have the potential for additional exposure, a specific and full risk assessment is carried out.
The Group Assurance teams have a direct role in compliance with the law, regulation, and our own standards. These include our Group Risk, Compliance, Internal Audit, Legal, Data Privacy and Information Security teams. We have also identified some individual teams within our client facing businesses which are responsible for ensuring compliance by working within our standards.
Each of these teams are responsible for making risk assessments and reporting any potential or actual incidents of non-compliance, including in relation to our Modern Slavery and Human Trafficking obligations.
No issues of non-compliance with our Modern Slavery and Human Trafficking obligations were reported by our various control functions during 2022, or in prior years.
The Group encourages members of staff to maintain high standards of behaviour and to report any wrongdoing that falls short of this fundamental principle. Our Whistleblowing Policy aims to ensure that any member of staff who raises concerns in good faith can do so on a confidential basis without fear of reprisal or victimisation, and in the knowledge that their concerns will be taken seriously and investigated appropriately. The Policy applies to all employees of Charles Taylor and its business units, divisions and subsidiaries everywhere we operate.
No issues of non-compliance with our Modern Slavery and Human Trafficking obligations were reported via our Whistleblowing Procedures during 2022, or in prior years.
Whilst we believe our exposure to risks relating to Modern Slavery and Human Trafficking is low, we recognise that all businesses have a duty to ensure that this topic receives continual and appropriate attention and that we remain diligent in our efforts to reduce slavery and trafficking in all its forms. We shall continue to assess our risks both internally and through interaction with our partners, both current and future.
We are committed to doing the right thing when it comes to doing our part in reducing slavery and human trafficking. We aim to do this by:
Approved on Behalf Of:-
Group Chief Financial Officer
15th May 2023
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