References to we, us and ACUTEC in this statement relate to ACUTEC Limited on behalf of itself.
Our modern slavery statements are published in accordance with section 54 of the Modern Slavery Act 2015 and sets out the work we have undertaken this year to build on and develop our efforts to ensure transparency in our business and throughout our supply chains and to eradicate the risk of modern slavery.
We conduct all our business in an honest and ethical manner.
We continue to operate as a full manage service provider, with a national centre of excellence in Coleshill, focusing on providing our clients in the UK and overseas with partner-led, high quality, insightful support and advice. The single, national centre of excellence in Coleshill that we have built offers significant advantages in terms of developing a strong team-based culture within the firm, coupled with the inherent value and cost effectiveness that a Coleshill base brings.
As our business grows and develops, our client base will inevitably also undergo some changes. However, our clients, many of whom are blue chip, continue to be drawn from a broad range of sectors which includes manufacturing, retail, financial services, food and drink, technology and media, energy and renewables, construction, public sector and infrastructure, healthcare and sport.
Our employees are at the heart of our business and one of our core values is talent engagement. We focus on our staff and we commit to working with them to develop their skills by giving them opportunities, freedom and support.
We comply with all applicable legislation relating to employee terms and conditions, including pay, and none of our staff earn less than the Living Wage. We have also worked hard to continue improve on employee engagement, building on the areas identified where we were performing well and addressing those areas where there is scope for improvement. This includes listening to and acting on ideas put forward by employees through our employee forum.
Corporate responsibility is something that should be of concern to all businesses; we recognise the importance of corporate responsibility and creating a positive social impact.
For ACUTEC, this is about managing our business in a way that enhances the positive and minimises the negative economic, social and environmental impacts of our activities and services. We aim to combine the provision of high-quality advice to our clients with a rewarding working environment and an awareness of the wider community.
This involves balancing the interests of our stakeholders, which includes our clients, our employees, the local community and relevant regulatory bodies. Our stakeholders are fundamental to the success of our business and to achieving our vision of the responsible delivery of manage service provider by highly motivated employees working with clients to produce commercial and cost-effective solutions. Our corporate responsibility policy builds on the values we hold as a firm for the benefit of all our stakeholders and guides us in making a positive social impact.
Our corporate responsibility strategy continues to focus on three key areas:
Having a talented and diverse workforce, where everyone brings their own unique capabilities, experiences and characteristics to their work, is key to being able to respond to our wide-ranging client base. We are committed to seeking out and retaining talented and motivated individuals and to treat all people with respect and dignity. We strive to create and foster a supportive and understanding environment, in which everyone is given the opportunity to realise their maximum potential free from discrimination and harassment. We believe diversity is about more than having a policy. It is about encouraging diversity and allowing everyone to be the best they can be without barriers. Our approach is to support diversity rather than simply tick boxes.
We expect all our contractors and suppliers to meet the same high ethical standards that we apply to our own business.
We have a de-centralised procurement process and a complex supply chain involving many suppliers.
This year, we have completed a detailed risk assessment of the tier 1 suppliers in our supply chain. This involved scoring suppliers against various criteria, in relation to factors such as known ethical breaches or criminal convictions, sectoral risk, geographical risk based on the 2018 Global Slavery Index and considering matters such as us spend with the supplier and the length of our relationship with them. We then used this scoring to categorise our suppliers as representing a high, medium or low risk of modern slavery taking place in their business.
Almost 90% of suppliers assessed using these criteria were categorised as low risk. The risk assessment did not identify any high-risk suppliers, although we are continuing to assess a small number where further information is required.
Of the suppliers categorised as medium risk, we are undertaking further due diligence in respect of those that received the highest scoring. This may include us asking them to complete a Modern Slavery Questionnaire.
We will continue to review and refine how we engage with our existing suppliers and our processes for onboarding new suppliers, including incorporating appropriate provisions in our contractual arrangements with suppliers.
We have several other relevant policies in place, including an anti-bribery policy, a corporate responsibility policy, an equality and diversity policy, a whistleblowing policy and a safeguarding statement, which are reviewed and updated as appropriate on an annual basis.
We have now finalised our modern slavery policy to reflect the changes and the progress we have made in relation to our supplier processes and we intend to provide training to our staff on the key points.
We continue to make good progress in developing and refining our anti-slavery procedures and we believe that, at this stage, it remains inappropriate for us to adopt any specific modern slavery key performance indicators. However, we may adopt performance indicators in the future.
This slavery and human trafficking statement has been approved by the Board of ACUTEC, in accordance with section 54 of the Modern Slavery Act.
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