Source
Comments
"Procurement and Supplier Management determine the nature of services provided by suppliers and identify associated risks, including any potential risk exposure to Modern Slavery. Similarly, our Workplace Solutions (previously Corporate Property) team has developed and implemented a supplier segmentation tool to help identify, manage and mitigate risks, including Modern Slavery. This is applied across the lifecycle of the deal at pre-contract, contracting, deployment and ongoing service monitoring." p. 3
"During 2019, M&G plc developed a transformation programme to review suppliers where there is a heightened exposure to Modern Slavery (for example, uniform provision) to ensure that we have up-to-date due diligence and can evidence full compliance is being properly maintained. This took the form of a questionnaire which further evidences that we are committed to the continued development of our approach to Modern Slavery related risk identification and proactive mitigation within our Supply Chain. Such activity will continue to be developed throughout 2020." p. 4
"As par t of the selection process for possible critical third par ty supply arrangements, an assessment will take place to understand the potential risks of the supplier breaching the United Nations Declaration of Human Rights (“UDHR”). All our employees are expected to ensure that third par ty arrangements are entered into with compliance with our M&G plc Third Par ty Risk Management Policy.This policy is read in conjunction with theGGFand Risk Management Frameworkof the Group" p.2