Modern Slavery Act statement
Our Modern Slavery Act statement sets out the approach taken by us to understand & minimise the potential risk of modern slavery in our business
What is modern slavery?
Modern slavery or sometimes called human trafficking is an international crime, affecting around an estimated 21 to 45 million people around the world. It is a growing global issue that transcends age, gender and ethnicity. It includes victims who have been brought from overseas and vulnerable people in the UK, who are forced to illegally work against their will across many different industry and service sectors.
About Sheffield Mutual
We are a modern mutual specialising in the provision of savings, investments and insurance policies. The Society is a registered friendly society (register no 810F) and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register Number 139855).
Our commitment to the principles of the Modern Slavery Act 2015
Sheffield Mutual has a zero tolerance to slavery and human trafficking. We aim to conduct our business in an ethical and transparent manner.
Our suppliers are primarily UK based providers of goods & services. Due to the nature of our business and supplies, as well as our approach to governance, we consider our risk of slavery and human trafficking to be very low. However, we continue to periodically review the effectiveness of the relevant policies and procedures that we have in place.
Our internal procedures are outlined below:
- Supply of goods and services - Any purchasing activity must adhere to all applicable UK laws and regulations and all applicable European laws, directives and regulations.
- Employees - Processes are in place to ensure that Employment Law is complied with. In addition, potential employees must provide documentation to prove that they can legally work in the UK. We operate a dignity at work procedure so that employees can raise any harassment or bullying concerns. We also operate a whistleblowing policy so that all employees know that they can raise concerns about how colleagues are being treated.