Question: Does the modern slavery statement define the performance indicators against which the company measures the effectiveness of its actions to combat slavery and trafficking? E.g. number of audits done, number of employee training provided
Answer:
No
8077938
Walk Free
2020
Unverified - Added by Community
updated over 2 years ago by Singh Anjali

The company report combating slavery and human trafficking and also provides indicators for the same however does not provide impact details for the same.

pg. 2

"Due diligence on Supply Chains

LOAME has informed its business and services providers that it is a UK company subject to the UK Modern Slavery Act 2015 and has asked each such business and service provider to confirm:

• if they are a business which is subject to the UK Modern Slavery Act, and if so, to provide LOAM E with a copy of or link to their Modern Slavery Statement;

• if they are a business not subject to the UK Modern Slavery Act, are they subject to or do they adhere to a mandatory or voluntary code designed to combat slavery and human trafficking, and if so, to provide appropriate details of how they comply or adhere;

• if they are not subject to a mandatory or voluntary code as mentioned above, to provide details of how they combat slavery and human trafficking in their own business and supply chains.

Given that LOAM E is mainly dealing with professional investors, regulated financial services firms and leading business services providers linked to the asset management industry we consider the risk of slavery and human trafficking in our supply chains to be low."

...

"Our investment approach

Embedding sustainability and ESG factors into our portfolio management is a key part of our DNA.

We believe that, for a company to deliver long-term value, it needs to be focussed on its broad ecosystem of business stakeholders consisting of regulators, shareholders, employees, clients, suppliers, the environment, and its local community. In other words, to be as focussed on its business practices as on its financial performance. This includes, for example, having programmes in place to address gender diversity, adhering to best practice on board composition, having solid and robust policies in place to ensure the health and safety of employees, and minimise any negative impact on the environment.

We also monitor whether the companies we invest in are exposed to controversies, in particular human rights, labour rights or child labour, and we can divest from these companies if they do not meet our standards.

We translate this into a three-pillar approach, designed to identify which companies are more sustainable over the long-term, and therefore best positioned to benefit from the significant opportunities that sustainability presents.

On top of our investment, we also believe strongly in the importance of active ownership. It offers us a means to make a positive contribution, by promoting the sustainability of the companies and economies we invest in through boardlevel and regulatory engagement."

Singh Anjali.....2021-10-11 07:46:17 UTC