This statement sets out the actions taken by Mattioli Woods plc to identify and eliminate all potential modern slavery risks related to our business.
It also explains the steps put in place aimed at ensuring there is no modern slavery or human trafficking in our own business and our supply chains. This statement relates to actions and activities during the financial year ended 31 May 2020.
As part of the financial services sector, Mattioli Woods recognises it has a responsibility to take a robust approach to modern slavery and human trafficking. We are therefore absolutely committed to preventing both activities (in all its forms) in all areas of our business, and in our supply chains.
The role of staff and HR
To better understand and respond to potential modern slavery and human trafficking risks, our employees are given awareness training while our suppliers are also made aware of our expectations.
We also review our salaries on an annual basis to ensure our employees are not paid below the national minimum wage. We provide a benefits package to all employees – including pension auto enrolment – regardless of the employee’s role within our business. We want to guarantee we are fair and consistent throughout our business.
Following the introduction of the Modern Slavery Act (2015), the group continuously reviews its key performance indicators. As a result, we:
- require all staff to have complete ongoing training on modern slavery
- have assessment documents to verifying potential suppliers before we use them in our business
- regularly review our existing suppliers to ensure they meet our standards
Mattioli Woods requires all employees to complete online training on modern slavery and human trafficking regularly. It covers;
- the basic principles of the Modern Slavery Act (2015)
- how staff can identify and prevent modern slavery and human trafficking
- what staff can do to flag up potential modern slavery or human trafficking issues to the relevant parties within the group
- the external help available, for example through the Modern Slavery Helpline, the Gangmasters and Labour Abuse Authority and the ‘Stronger Together’ initiative
Assessments of existing and new suppliers
We review and assess the risk of slavery and human trafficking in relation to various aspects of the business by identifying:
- the signs of modern slavery and human trafficking
- the initial steps to be taken if modern slavery or human trafficking is suspected
- how to escalate potential modern slavery or human trafficking issues to the relevant parties within the group
- the external help available (as above)
Our Anti-Slavery and Human Trafficking Policy reflects the group’s commitment to acting ethically and with integrity in all business relationships, implementing and enforcing effective systems and controls to ensure modern slavery and human trafficking is not taking place anywhere in our organisation, or supply chains.
This statement has been approved by the group’s board of directors and non-executive directors, who will review and update it annually.
Ian Mattioli MBE
Chief Executive Officer