Walk Free+MSA policy (revised)+Sumitomo Mitsui Financial+2021 - Wikirate, an Open ESG Data Platform

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Question: Does the company’s statement detail one or more specific, organisational policies or actions to combat slavery in their direct (tier 1) and/or in-direct (beyond tier 1) supply chain?

Answer:

Suppliers comply with laws and company’s policies (direct / tier 1),
Prohibit use of forced labour (direct / tier 1),
Suppliers produce their own statement (direct / tier 1)

Wikirate ID: 15361320

Metric Designer: Walk Free

Metric Title: MSA policy (revised)

Company: Sumitomo Mitsui Financial

Year: 2021

Status:

Unverified

Source

Comments

pg. 2

“SMBC BI takes appropriate steps to mitigate the risk that Slavery and Human Trafficking may occur in its supply chain, or that its products and services may be used by a customer for the commission or facilitation of Slavery and Human Trafficking. When engaging suppliers, SMBC BI seeks assurances from them that they will comply with applicable laws and regulations.”

“SMBC BI has a well-established Anti-Slavery Policy, which sets out the processes through which it seeks reasonable assurance that none of its customers, business partners, suppliers and other third parties are involved in the commission or facilitation of Slavery and/or Human Trafficking.”

Pg. 3

“Also, as part of its on-boarding and periodic due diligence processes, all suppliers, contractors, customers and business partners are assessed to determine whether they fall within the scope of the Act, and, if so, a copy of their Anti-Slavery Statement is sought and retained.”

Manali Rana.....2023-06-19 05:14:18 UTC