Modern slavery statement
Opening statement from senior management
River and Mercantile is committed to preventing acts of modern slavery and human trafficking from occurring within its business and supply chain.
Structure of the organisation
River and Mercantile is a client focused asset management and investment advisory specialist working closely with clients in the UK, Europe, USA, Australia and New Zealand. River and Mercantile Group PLC (the “Company”) is the ultimate parent of a group of companies (the “Group”), which includes River and Mercantile Investments Limited and River and Mercantile Asset Management LLP.
The Group’s head office is based at 30 Coleman Street, London, EC2R 5AL. The Group also has offices in the United States and Australia. The Group has over 250 employees and partners, and an annual turnover of £70.5 million.
As part of our commitment to combating modern slavery, we have in place an anti-slavery policy and continue to implement this policy.
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 survey our largest suppliers for compliance with the requirements of the Modern Slavery Act 2015 (the “Act”). This includes a detailed questionnaire and engagement with suppliers to understand organisational measures designed to prevent slavery and human trafficking.
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
The 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 of the nature of our business. Many of our suppliers are financial and professional services organisations, including banks, information service providers, lawyers and accountants. Other suppliers include providers of IT equipment, cleaning services, printing and consumables.
Given the nature of the services that we offer and the goods and services that we procure, the Company’s board of directors considers that the risk of slavery or human trafficking in our business and its supply chain is low. The employment and procurement practices operated by the business ensure that it is viewed as an excellent employer. We expect a high level of ethical conduct from our employees and those businesses who we engage with. We protect the rights of our employees through our employment policies and practices, which prohibit discrimination and encourage diversity.
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.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the Group's anti-slavery and human trafficking statement for the financial year ending 30 June 2020.
James Barham, Group Chief Executive
River and Mercantile Group PLC
14 December 2020