The statement does not indicate any risk assessment methods or approaches. It only mentions the following: "Throughout the last financial year, we have continued to take a risk-based approach to addressing matters of modern slavery and human

trafficking within our supply chain" (p.2).

Nothing regarding how risks are assessed: "As a regulated investment management company, primarily operating in major financial centres, we believe the likelihood of modern slavery existing within our own organisation or supply chain to be very low. Policies and processes have been implemented and our approach is designed to be proportionate to the risks identified and will be supported by the existing anti-bribery and corruption due diligence work which is undertaken by our Compliance function" p. 1