Modern slavery

1. Introduction by the Board Chair, Nemone Wynn-Evans

This statement, made pursuant to section 54 (1) of the Modern Slavery Act 2015, sets out the approach taken by Shepherds Friendly to understand and minimise the potential risk of modern slavery in our business or supply chain.

2. What is modern slavery?

Modern slavery, 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.

3. About Shepherds Friendly

Shepherds Friendly is a modern mutual specialising in the provision of savings, investments and protection policies, and is authorised and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Our Commitment to the Principles of the Modern Slavery Act 2015

Shepherds Friendly 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 and 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. We have a robust third party due diligence process in place to ensure that we work with partners who have culture and values aligned with those of the Society including ensuring compliance with the requirements of the Modern Slavery Act. We keep our third party relationships under regular review.

Our internal policies & procedures are:

  • 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.
  • Our People
    The Society’s recruitment and people management processes are designed to ensure that all persons we might employ are legally entitled to work in the UK and to safeguard our people from any abuse or coercion once in our employment. The Society’s dignity at work policy allows staff to raise concerns about harassment or bullying. We also operate a whistleblowing policy so that all staff know that they can raise concerns about how colleagues are being treated.

Modern Slavery Act Statement 2022 Document

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