Effective Date – June 2021.

In alignment with our commitment to corporate social responsibility, we are committed to combatting modern slavery, which includes slavery, servitude, forced labour and human trafficking.

This is a significant global problem, and no sector or industry can be considered immune or unaffected. The Modern Slavery Act 2015 (Modern Slavery Act) seeks to eradicate modern slavery in commercial organisations with operations in the UK.

Praetura Commercial Finance strongly supports this act, as we believe that organisations operating in the financial services sector must be alert to the risk that modern slavery could exist in parts of their supply chain.

Adherence to our values, compliance with laws and regulations, and support of fundamental human rights, such as those expressed by the United Nations Universal Declaration of Human Rights, are cornerstones in conducting business.

We encourage third parties who provide goods and services to us to operate in accordance with our values, to comply with all applicable laws and regulations, and to implement practices and guidelines that address the issues.

As part of our commitment to risk management, we have identified the importance of:

  • Identifying and assessing potential risks in our supply chain;
  • Monitoring potential risks areas in our supply chain;
  • Protecting whistle blowers.

Our commitment and approach are instrumental in managing modern slavery. This includes the obligation for all of our supply chain vendors and subcontractors to comply with laws, regulations, industry standards and applicable watchdog guidance with respect to labour, child labour, slavery and human trafficking.