Modern Slavery Statement
Opening statement from senior management
River and Mercantile Group is committed to preventing acts of modern slavery and human trafficking from occurring within its business and supply chain, and imposes the same high standards on its suppliers.
Structure of the organisation
River and Mercantile Group is an advisory and investment solutions business which provides a broad range of services, from consulting and advisory to fully-delegated fiduciary and fund management. River and Mercantile Group PLC is the ultimate parent of a group of companies ("the Group"), which includes P-Solve Investments Limited and River and Mercantile Asset Management LLP.
The Group's head office is based at 11Strand, London, WC2N 5HR. The Group also has an office in the United States. The Group has over 200 employees and partners, and an annual turnover of £47 million.
Given the nature of the Group's business, the board considers that there is minimal risk approximating to no risk that, either within the Group or the limited supply chains which support the Group's activities that are involved in modern slavery or human trafficking. The employment and procurement practices operated by the business ensure that it is viewed as an excellent employer and it expects a high level of ethical conduct from those businesses with which it does business with.
As part of our commitment to combating modern slavery, we have put together an anti-slavery policy and aim to implement this policy over the next 12 months.
We are also making sure our suppliers are aware of our policy, and acknowledge their adherence to the same high standards.
The anti-slavery policy was developed by working with the subsidiary Chief Operating Officers to assess supply chains as well as HR to ensure our recruitment processes, including the use of agencies, are compliant with our anti-slavery procedures.
As part of our efforts to monitor and reduce the risk of slavery and human trafficking occurring within our supply chains, we will be adopting the following procedures:
- Identify and map our supply chains
- Request suppliers complete our supplier questionnaire
- Ensure suppliers receive a copy of our anti-slavery policy
Our procedures are designed to:
- establish and assess areas of potential risk in our business and supply chains
- monitor potential risk areas in our business and supply chains
- reduce the risk of slavery and human trafficking occurring in our business and supply chains
Risk and compliance
River and Mercantile Group will at least annually evaluate the nature and extent of its exposure to the risk of modern slavery occurring in its supply chain in accordance with the procedures outlined above. We do not consider that we operate in high risk sectors or locations because the nature of our business.
Where we have identified a potential risk, such risks will be investigated in accordance with our anti-slavery policy and remediated and mitigated as soon as possible.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we are working on a training programme to provide appropriate training to relevant staff members. Through such training, employees will be encouraged to identify and report any potential breaches of the organisations anti-slavery and human trafficking policy.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the Group's slavery and human trafficking statement for the financial year ending 30 June 2016.
Mike Faulkner, CEO
River and Mercantile Group plc
12 December 2016
Please click here for a PDF version of the River and Mercantile Group Modern Slavery Statement