The Modern Slavery Act 2015
The Modern Slavery Act 2015 (“the Act”) signalled a new drive in the fight against slavery. It includes a duty on businesses to play their part in stopping modern slavery in global supply chains.
Salamanca Private office Limited is committed to being a responsible business and complying with the requirements of the Act.
Section 54 of the Act (Transparency in Supply Chains) requires us to publish a statement on our website of the steps taken during the financial year to ensure that slavery and human trafficking is not taking place in any of our supply chains or in any part of our own business. Suppliers are those businesses that supply either goods or services (or both) to us.
Structure and supply chain
Salamanca Private Office Limited is a UK consultancy business that provides advisory services to a wide range of clients in domestic and international markets. We are driven by our core values, are proud of our culture and see it as our purpose to help others succeed.
We operate the following policies and procedures that describe its approach to the identification of modern slavery risks and steps to be taken to prevent slavery and human trafficking in its operations.
Supplier Code of Conduct
One of our core principles is to operate our business both lawfully and ethically, which includes working with suppliers that are aligned to the same values. We encourage and expects our suppliers to operate in accordance with applicable laws, respecting individuals’ human rights, and mindful of environmental and safety impacts of products and services.
Key requirements for our suppliers:
• to have policies, systems and/or procedures in place to ensure the prevention of unethical business practices, including, but not limited to, human rights abuses, money laundering, fraud, bribery, corruption, and other improper payments, benefits or gifts
• not to use slave labour, child labour or forced labour, nor to engage in or support human trafficking
• to ensure that working hours, wages, overtime pay and working conditions are in compliance with all applicable laws, and
• to provide a clean, safe and healthy working environment to protect the occupational safety of all employees.
Culture and Ethics
We strive to maintain the highest standards of professional conduct and ethical behaviour. We abide by the ICAEW Code of Ethics, which requires the company and our people to act in accordance with five fundamental principles: • Integrity
• Professional competence and care
• Professional behaviour
Supplier Risk Assessment & Due Diligence
We recognise our responsibility to identify and address potential or actual human rights impacts linked to the goods and services we purchase.
We assess modern slavery and human rights risk with our suppliers.
ln cases where suppliers fail to provide adequate evidence of appropriate procedures to prevent modern slavery and human trafficking in their supply chains, we will seek to help them achieve the appropriate outcome.