Question: How does the company assess the risks of modern slavery and trafficking in their supply chain?
Answer:
Risk-based questionnaires,
Use of risk management tool or software
8041165
Walk Free
MSA risk assessment
BlackRock
2020
Unverified - Added by Community
updated over 2 years ago by Singh Anjali

pg. 2

"We take a risk-based approach and consider the risk of modern slavery and human trafficking occurring within our supply chain to be low. Nevertheless, we continue to seek ways to earn and maintain the trust and loyalty of our partners and clients by adhering to the highest standards of ethical behaviour and fiduciary responsibility. In early 2021, we re-assessed the modern slavery risks in our supply chain which included a review of services and goods being acquired by BlackRock UK. For those goods/services that are at a high(er) risk for modern slavery, including underpayment or exploitation of vulnerable workers, we’ve identified the current suppliers and have asked them to complete a due diligence questionnaire via our ‘Know Your Third Party’ (KY3P) tool A similar due diligence review will be conducted on any new suppliers prior to providing higher risk goods or services, as well as a periodic review on existing suppliers."

Singh Anjali.....2021-09-29 09:55:02 UTC