NFU Mutual statement for 2017
The Modern Slavery Act was introduced in 2015 to cover slavery, servitude, human trafficking and forced labour. NFU Mutual is committed to acting with integrity in all areas of business and to putting effective systems and controls in place to safeguard against any form of modern slavery taking place within the business or our supply chain. This is NFU Mutual’s slavery and human trafficking statement for financial year 2017.
Structure of the Organisation
NFU Mutual is a financial services group offering a wide range of personal, business and farming insurance, investment and financial services. The business is UK-based with over 3500 employees and a business turnover over c. £1,400m. Our supply chain is predominantly UK based and is managed centrally by a team of procurement and vendor management specialists.
Policies, Procedures and Ways of Working
The nature of the financial services industry and the fact that NFU Mutual operate within the UK, limits the direct exposure towards forms of slavery, servitude, human trafficking and forced labour.
However, NFU Mutual is not complacent and expects and requires that its employees and each of its suppliers conduct business with integrity and in a lawful manner and we have a number of policies and procedures which demonstrate our approach to modern slavery issues:
- Guiding Principles for all employees that place ‘Integrity at the heart of the business’ to ensure we always do the right thing
- Speak Up Policy incorporating the provision of a confidential whistleblowing service available to all our employees to report illegal, unethical or dishonest behaviour, including human rights violations like modern slavery.
- Supplier, Outsourcing and Third Party Policy to ensure all suppliers go through the appropriate due diligence at selection stage, ensuring awareness and compliance with the Modern Slavery Act requirements where relevant.
- Annual due diligence checks on significant suppliers to ensure ongoing awareness and compliance with Modern Slavery Act.
This statement is made in accordance with Section 54(1) of the Modern Slavery Act 2015 and constitutes NFU Mutual’s slavery and human trafficking statement for the financial year commencing 1 January 2017 and ending 31 December 2017
Group Chief Executive