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"Our effectiveness in combating slavery and human trafficking

We are still developing our approach to demonstrating the effectiveness of our approach to modern slavery and remain committed to ensuring that high risks areas are identified and that modern slavery is not taking place within our business."

Only say they are developing their approach to demonstrating the effectiveness of their approach to modern slavery. Not a policy development.

Prohibit forced labour

"Charles Schwab, U.K., Limited has a zero-tolerance approach toany form of modern slavery and human trafficking. We arecommitted to acting ethically and with integrity and transparencyin our employment practices, in all business dealings and toputting effective systems and controls in place to safeguardagainst any form of modern slavery and human trafficking takingplace within the business or our supply chain" p.2

Not specific enough to say it requires suppliers to produce a statement.

P.2

"Charles Schwab, U.K., Limited takes a proportionate view and risk-based approach on assessing its suppliers. New suppliers will be required to complete a due diligence questionnaire confirming compliance with the requirements of modern slavery legislation. If a supplier is unable to provide such confirmation, Charles Schwab, U.K., Limited will adopt a zero-tolerance approach and will not engage that supplier. We believe this approach is proportionate to the level of risk in our supply chain"