Argus Media Limited Modern Slavery Statement
This statement has been published in accordance with the Modern Slavery Act 2015. It sets out the steps taken by Argus Media Limited and its group of companies to prevent modern slavery and human trafficking in our business and amongst our suppliers. It applies to the financial year ending 30 June 2018.
Introduction from the CEO
Slavery, servitude, forced labour and human trafficking ("Modern Slavery") should have no place in the modern world. We have a responsibility to be alert to the risks of Modern Slavery in our business and amongst our suppliers and to do whatever we can to eradicate them.
This statement sets out the steps that Argus Media Limited and its group companies ("the Argus Group") have taken to ensure that slavery and human trafficking are not taking place in our business or amongst our suppliers.
Argus' structure and business
We are a provider of news and price information, consulting and conference services related to physical energy and other commodities. Argus Media Limited is the parent company and the Argus Group has offices globally in key centres for the commodity markets. The ultimate parent company for Argus is Fleet Topco Limited and all the entities within the group structure adhere to this statement.
The Argus Group policies include our global compliance policy, which sets out our ethical code on a number of matters, including Modern Slavery. This emphasises that we have a responsibility to do whatever we can to eradicate Modern Slavery in our business and amongst our suppliers. Additionally, our whistle blowing policy encourages staff to report any concerns (extending to Modern Slavery), confidentially and in the knowledge that every matter reported will be fully investigated.
All Directors have been briefed on the subject of Modern Slavery.
Working with our business and suppliers
We are committed to doing what we can to ensure that there is no Modern Slavery in any part of our business, or amongst our suppliers. As an information provider, we consider our own business low risk due to our internal checking processes and the skill level of employees and consultants we typically engage.
We have therefore focused on our suppliers. Some suppliers in certain areas- such as our conference business, where we routinely hire hotels and function rooms - do pose some risk because suppliers in those areas may rely on seasonal, low paid and low skilled workers.
Actions taken in 2018
- Continued to develop the Risk function which includes the area of Modern Slavery;
- fully embedded the process of reviewing each of our existing and new suppliers on a global basis, every supplier is allocated a risk level in relation to Modern Slavery, (following our analysis, the vast majority of our suppliers were identified as being low risk);
- developed enhancements to our supplier management system and introduced additional approval processes, to enable us to screen existing and future suppliers systematically for (amongst other things) Modern Slavery compliance; and
- continued to raise awareness amongst staff who deal with suppliers, of the issue of Modern Slavery and the approach taken by us.
Plans for 2018/19
In the coming year we plan to develop our medium term plan for working with our suppliers to combat Modern Slavery and will recruit a KYV/KYC Officer to manage this process and help drive it forward. We will also be introducing a global intranet and training platform, which will include modern slavery training content.
We plan to engage with suppliers in our higher risk categories to ask for warranties and assurances about their current and future actions to eliminate slavery and human trafficking and we will be introducing a policy statement to send to our suppliers, outlining our approach to Modern Slavery.
This statement is approved by the board of directors of Fleet Topco Limited each year.