Modern Slavery Statement
MODERN SLAVERY ACT 2015 (THE “ACT”) s.54(1) STATEMENT
Inchcape plc and its subsidiary companies (“Inchcape”, “we”, the “Group”) is a leading global automotive group, operating in 32 countries with a wide portfolio of OEM brand partners. In the countries where Inchcape acts as a retailer, we have diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. Where Inchcape operates as a distributor for our OEM brand partners, we undertake services including product specification, import and logistics, dealer network management, sales and marketing.
We embrace, support and respect the human rights of everyone we work with. We do not use, or accept, forced, bonded or involuntary labour or child labour. We only employ people who choose to work freely and respect their rights to equal opportunities and freedom of association.
As set out in our Code of Conduct, we are committed to honouring the terms and conditions of employment and require all employees to do the same. We are committed to providing appropriate pay, benefits and terms and conditions of employment and to seeking agreement for changing these, where required, to meet business objectives.
We recognise that ethical and productive partnerships with our suppliers strengthen our business, our reputation and that of our OEM brand partners. We treat our suppliers fairly and with respect, and we expect them to know and to agree to uphold our high standards of compliance and ethics.
We expect our employees to act diligently when selecting suppliers. They are required to work within the guidelines / policies that have been established by their business and to always base their selection decisions on objective criteria such as value received, quality, price and service.
We provide our employees with a confidential, independent whistleblowing hotline that they can access 24/7 365 days of the year if they have any concerns or suspect any wrongdoing. Such concerns are investigated promptly and impartially.
We have taken a number of steps to ascertain that slavery and human trafficking are not taking place in any of our supply chains. We have undertaken detailed analysis of our sources of direct supply. More than 90% of our direct supply comes from organisations that are, themselves, required to publish statements setting out the steps that they have taken in this regard. We have reviewed those statements, where available, and will continue to do so periodically.
Whilst we consider that the remainder of our supply is generally at low risk of exposure to modern slavery and human trafficking, our Global Procurement Policy takes account of potential increased modern slavery (and anti-bribery) risks. The Policy sets out that where such increased risk is highlighted, supplier evaluation and due diligence shall be performed proportionate to the risk identified.
Our procurement teams across Inchcape have received modern slavery training as they often have contact with suppliers and third parties who provide goods and services across our business. The training enables colleagues to know what signs to look out for, recognise key risks to the Company and how we could be implicated, and to take appropriate action to manage the risks, and tackle modern slavery and human trafficking. Key “red flags” have been identified to assist the procurement teams in recognising possible signs of slavery or human trafficking and guidance produced so that they are fully aware of the need to avoid contracting with suppliers who contravene the Act.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group’s slavery and human trafficking statement for the financial year ended 31 December 2019. This statement has been approved by the Inchcape plc Board on 24 November 2020.
On behalf of the Board of Directors
24 November 2020