BMS Investment Holdings Limited and its subsidiaries, including BMS Group Limited, are committed to social and environmental responsibility and to the fair and humane treatment of people in its employment and in its supply chains. This statement sets out the steps that BMS Investment Holdings Limited and its subsidiaries have taken during the financial year ended 31 December 2016 to ensure that slavery and human trafficking are not taking place in any of its supply chains or in any part of its own business.
BMS Investment Holdings Limited is the parent company of the UK and International insurance and reinsurance broking business of the Minova Insurance group of companies, with operations in the UK, Australia, Canada and Latin America. As such, our own business operations and supply chain consists primarily of office based professionals, with only very limited exposure to areas with a greater risk of modern slavery, for example, cleaning services, and travel and accommodation providers.
It is our belief that modern slavery and human trafficking are abhorrent practices that will not be tolerated in our own operations or in our supply chains, and that we will take such steps that are reasonable to ensure than none is present. We are committed to working ethically and with integrity and we require our business partners to do the same.
We have a whistleblowing policy which refers specifically to slavery and human trafficking, and systems have been put into place to make it easy for our employees to disclose any concerns they may have regarding such practices with the Group. Employees are also encouraged to report any concerns about slavery or human trafficking that they may suspect or may have witnessed outside of the Group, whether or not they have become aware of such during the performance of their employment.
In respect of the financial year ended 31 December 2016, we conducted an assessment of the risks, both external and internal, of slavery and human trafficking, including country risks, sector risks and business partnership risks within its own operations and in its supply chain.
Following a review of official statistical data, we were able to determine that none of our own business operations are undertaken in higher risk areas, whether by reference to geographical location or business sector.
Where we did identify higher risk areas in our supply chains, appropriate due diligence was undertaken to satisfy ourselves that the parties concerned have in place ethical employment practices that comply with all applicable legislation. All new suppliers are now required to confirm that they have in place such ethical employment practices and that they, in turn, require their suppliers to have the same.
Throughout 2017, we will continue to monitor the risk of slavery and human trafficking in its supply chains and its own business, and will act accordingly. Our statement in respect of 2017 will be published at the beginning of the following year.
This statement is made pursuant to s.54 (1) of the Modern Slavery Act 2015 and constitutes Slavery and Human Trafficking statement for the financial year to 31 March 2016. It has been approved and authorised by the Board of Directors of BMS Investment Holdings Limited and BMS Group Limited.
Approved by the Board of Directors of BMS Investment Holdings Limited and BMS Group Limited on 2 February 2017