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Conducting desk research

The statement mentions the company uses a central Third Party Risk Management process for procurement. This process takes a risk-based approach and includes a risk assessment of new suppliers.

 

"We have aligned and standardised the procurement processes of all Quilter

operating companies to our central third party risk management process. This has enabled us to include modern slavery due diligence uniformly across the Group. Our central supplier management process takes a risk-based approach and includes a risk assessment of new suppliers based on the nature and value of the product or service being procured. As part of the vetting process, we require suppliers, in certain sectors or delivering certain services, to confirm that they have policies and training in place or follow standards designed to avoid

slavery."

 

However, it's not mentioned the different ways in which risk assessment is made, apart from partnering with risk subject matters experts, which I considered as desk research.

 

"Since 2018 we have undertaken several activities to identify risk in our supply chain, strengthen our response and train and engage our employees. Partnering with Risk subject matters experts has enabled us to take holistic approach to the identification and management of third party risk."

 

In Development

"Going forward and building on the advances made, we are committed to implementing technology to industrialise the way we ensure these processes are followed and will greatly enhance our ability to report.

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I removed "In development" because the company only states a "commitment"

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Data copied from Quilter plc for 2019