In accordance with the requirements of section 54(1) of the Modern Slavery Act 2015 (the Act) this Statement sets out the steps we are taking to prevent modern slavery taking place within our business or supply chain. This Statement was published in October 2020 following approval by The Global Index.
In this Modern Slavery statement when we refer to “TGI” or “we”/“us”/“our” we mean The Global Index and our Associates.
We are committed to conducting business responsibly and upholding the highest standards of governance throughout our operations.
Our approach to human rights covers not only our supply chains but also our employees and contractors. As such we are committed to paying the national living wage in the UK and expect our suppliers who provide onsite services to do the same.
Our supply chains
TGI’s supply chain provides a wide range of products and services. These range from professional advice and business services to more operational services. We aim to operate in an ethical manner and we expect the same of our suppliers.
We have aligned and standardised the procurement processes of all TGI’s operating companies to our central third party risk management process. This has enabled us to include modern slavery due diligence uniformly across TGI. Our central supplier management process takes a risk-based approach and includes a risk assessment of new suppliers based on the nature and value of the product or service being procured. As part of the vetting process, we require suppliers, in certain sectors or delivering certain services, to confirm that they have policies and training in place or follow standards designed to avoid slavery.
Our standard template supplier contracts, include express obligations to comply with applicable laws and a clause specifically requiring compliance with the Modern Slavery Act. Where existing contracts relating to the supply of products or services are deemed to be at higher risk of modern slavery, as part of the renewal process we will require the supplier to confirm its compliance with the Act.
Steps taken to date
We have undertaken several activities to identify risk in our supply chain, strengthen our response and train and engage our employees. Partnering with Risk subject matters experts has enabled us to take holistic approach to the identification and management of third party risk. Where a potential high risk of modern slavery is identified, these suppliers are prioritised for review. This review will include review of contract language, understanding a suppliers’ policies and approach to modern slavery according to the Act. As well as action with respect to our higher risk suppliers, where appropriate, we ensure our new contracts and any renewals have suitable wording to address the risk of slavery.
Going forward and building on the advances made, we are committed to implementing technology to industrialise the way we ensure these processes are followed and will greatly enhance our ability to report.
We are committed to reviewing and updating our Modern Slavery statement annually.