The Benefact Group is committed to preventing acts of modern slavery and human trafficking from occurring within both its business and supply chains, and expects those same high standards from its suppliers.
The Benefact Group expects and requires that each of its suppliers conducts business in a lawful and ethical manner. We have a Procurement, Purchasing and Outsourcing Policy which we adhere to in order to ensure all suppliers, whether they are being centrally or locally managed, go through the appropriate checks and scrutiny so that they are aware of and subscribe to our expectations, standards and procedures.
Specifically relevant to our compliance with the Code we:
- Include modern slavery risk as part of due diligence at renewal for all relevant suppliers
- Specifically include modern slavery risk as part of due diligence for all UK Claims suppliers
- Ask new suppliers if they match our commitment to pay the Living Wage.
As a provider of financial services we do not operate in a sector which we consider to be particularly susceptible to modern slavery practices such as forced labour or exploitation for example, nor do we purchase goods or services from organisations which we would associate with modern slavery or human trafficking.
Nevertheless, we regularly evaluate the nature and extent of our exposure to risk in our supply chain and modern slavery will be included in that evaluation going forward.
This statement is made in accordance with Section 54(1) of the Modern Slavery Act 2015 and constitutes the Benefact Group's slavery and human trafficking statement for the financial year commencing 1 January 2020 and ending 31 December 2020.