EDALE MODERN SLAVERY ACT
In 2015 new legislation was introduced entitled the Modern Slavery Act 2015. Modern slavery encompasses slavery, servitude, human trafficking and forced labour.
Edale is committed to acting ethically and with integrity and transparency in all business dealings and to putting effective systems and controls in place to safeguard against any form of modern slavery taking place within the business or our supply chain.
This statement represents our firm’s slavery and human trafficking statement for the 2020 financial year.
Our organisation and structure
Edale was established in 2019 as a business support firm.
Our business activities cover a wide range of professional advisory products and services.
Responsibility and accountability for the Group’s compliance with the Modern Slavery Act 2015 is ultimately the Board of Directors, however, on a day to day basis, it is the responsibility of our Chief Executive.
The Group works to ensure that there is no modern slavery or human trafficking in our supply chains or in any part of our business. We have internal policies in place including our Ethical Code, Recruitment and Whistleblowing policies that demonstrate our commitment to this as an organisation.
Our Modern Slavery Act Statement reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure our suppliers comply with the requirements of the Modern Slavery Act 2015.
Overall risk for the Group related to Modern Slavery Act compliance is deemed to be low, for the following reasons:
The firm is UK based and operates in the field of financial services;
Our supply chain is limited to goods and services which are required to support an organisation of this nature (e.g. support services and computer hardware + software); and
Use of non-UK based suppliers is extremely limited. Expenditure with third parties is less than £250,000 per annum. 80% of this expenditure is with a handful of partners.
Supplier Due Diligence
We have zero tolerance to slavery and human trafficking. We expect all suppliers to comply with our values.
We endeavour to establish and build long standing relationships with our local suppliers and clearly state our expectations of business behaviour.
In the rare instances where non-UK based suppliers are used, our point of contact is preferably a UK company or branch and we expect these entities to have suitable anti-slavery and human trafficking policies and processes. We expect each supplier to adopt at least ‘one-up’ due diligence on the next link in the chain. It is not practical for us (and every other participant in the chain) to have a direct relationship with all members of the supply chain or have systems in place to encourage the reporting of concerns and the protection of whistle blowers.
Since our last statement we continued to manage our processes:
We incorporate modern slavery checks into our new supplier onboarding process;
We have standard contract template to incorporate complying with the Modern Slavery Act 2015;
We review our list of suppliers to identify those that may pose a higher risk in relation to Modern Slavery;
We contacted higher risk suppliers to request policy compliance statements; and
Checks in our ongoing supplier health check process to ensure that this is monitored and regularly reviewed.
Find out about our approach
In accordance with the requirements of the Act, this statement can be found on our website and will be reviewed annually.