The majority of risk lies in our supply chain. Whilst the majority of our suppliers are UK-based and supply standard goods or services, we recognise there are areas of potentially higher risk in our suppliers outside of the UK. Suppliers have been risk assessed and categorised taking into account the nature of their business, as well as their country of operation and product and industry characteristics. Suppliers categorised as presenting significant risk of modern slavery are subject to additional due diligence, primarily based on public sources of information including checks of their own modern slavery and human trafficking statements where applicable, and any other published policies and procedures. This risk assessment exercise has been completed in respect of suppliers to our Coventry factory, we continue to have not identified any occurrence of modern slavery within our supply chain.
We have a team that is addressing risks in the area of modern slavery and ensuring that appropriate measures are applied to assess, manage and minimise risk. This team is made up of representatives from Human Resources, Procurement and Quality departments.
As an employer of predominantly professionally qualified and highly skilled people, we consider that the risk of modern slavery within our business remains low. We apply robust policies and procedures concerning employment screening and selection, such as work eligibility checks and employment conditions.
We have adopted our parent company’s, Brembo, Supplier Code of Conduct which applies to our providers of goods and services and sets out the standards we expect them to observe, including in respect of modern slavery risks. Where our standards are not met, suppliers are expected to take and evidence remedial steps to ensure their activities in our supply chain are free from modern slavery.