Modern Slavery – Slavery and Human Trafficking Statement

As required by the Modern Slavery Act 2015 (the Act), this statement describes the steps Hakluyt & Company Limited has taken during the financial year ended 30 June 2020 to ensure that slavery and human trafficking are not taking place in any part of our business or  supply chains.

Group structure

Hakluyt is a strategic advisory firm that works with corporate leaders and investors around the world on their most important commercial issues. Founded in 1995, we are a private company headquartered in London, with offices in seven countries.

Supply chain relationships

Given the nature of the services we provide, we have a simple supply chain model built around supporting our business and maintaining our global premises, systems and infrastructure. Our key suppliers include consultants who work with us on specific projects, information and data services companies, paper and printing suppliers, and cleaning and security services providers.

Our approach to combating modern slavery

We are absolutely committed to conducting business in a responsible and ethical manner. We take a zero-tolerance approach to modern slavery, and we expect the same high standards and commitment from those we do business with. We consider the risk of modern slavery existing within our business to be low, and we have never identified any examples of modern slavery within our business or supply chain, including within the last twelve months.

We have implemented a number of internal policies and procedures with the aim of ensuring that effective systems and controls are in place to prevent slavery and human trafficking from occurring in any part of our business. We promote a culture of integrity, and have established principles for how we deal with our clients, employees and the public. These include the values and rules set out in our policies, which seek to foster a safe, healthy and productive workplace, and to maintain accountability at all levels of the organisation. Employees are encouraged to report any compliance concerns they may have to management.

We always take a risk-based approach to our assessment of suppliers. As our arrangements with suppliers come up for renewal, we will endeavour to include obligations in our commercial agreements requiring suppliers (and their sub-contractors) to comply with the Act. We will also endeavour to reserve audit and termination rights in our supplier agreements, for situations in which we have reasonable evidence to suggest that a supplier is in breach of the Act.

Awareness and training

We provide clear guidance to all employees regarding the high standards of professional behaviour we expect. Copies of these policies are given to new joiners, and we offer periodic training to our staff. We will continue to review and update these policies and procedures annually.

Varun Chandra, Managing Partner

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