If your organisation supplies goods or services and carries on (part of) a business in the UK it will have to publish an annual slavery and human trafficking statement (a Statement) for each financial year ending on or after 31 March 2016 if its global turnover exceeds £36 million. This threshold includes the turnover of subsidiary undertakings too, so it’s not as huge a number as it first sounds.
Even if you’re below the turnover threshold, your bigger customers and suppliers may well be above it. As part of their supply chain, they’ll be looking to you for assurances about your practices, procedures and supply chains.
If you know about the new requirements and take steps to ensure that your organisation voluntarily complies with them, you’ll be one step ahead when it comes to submitting tenders, being selected for preferred supplier lists, or more generally dealing with larger suppliers or customers.
Here at HRC Law LLP we’ve been working on supplier manuals, policies, procedures and audits for clients. We could help your business with all of these too.
As the guidance suggests that one of the areas you should cover in your statement is the training about slavery and human trafficking available to your staff, HRC Law also offers such training.