02 January 2017
Annual slavery and human trafficking statement
Ecclesiastical statement for 2017
The Ecclesiastical Insurance Group is committed to preventing acts of modern slavery and human trafficking from occurring within both its business and supply chains, and expects those same high standards from its suppliers.
Opening statement from senior management
“Working together the business community can make a real impact on the issue of modern slavery and human trafficking. If we all uphold the highest standards, and put pressure on our networks of suppliers and partners to do the same, we can make a big difference. I’m pleased to say that the Ecclesiastical Insurance Group is committed to complying with the Modern Slavery Act 2015 and will be looking for ways to continually improve the standards and practice in our supply chains.”
Structure of organisation
Ecclesiastical is a specialist financial services group providing insurance, broking and advisory and investment products and services.
The business is predominantly UK-based with overseas operations in Canada, Australia and Ireland. Over 900 people are directly employed. In 2017 the Group reported a pre-tax profit of £82.2m with GWP of £343m.
Our UK supply chain is managed centrally by a team of procurement specialists within our Finance and Claims departments. Supply chain relationships for our overseas businesses are managed locally.
Policies, due diligence and risk
The Ecclesiastical Insurance Group expects and requires that each of its suppliers conducts business in a lawful and ethical manner. We have a Procurement, Purchasing and Outsourcing Policy which we adhere to in order to ensure all suppliers, whether they are being centrally or locally managed, go through the appropriate checks and scrutiny so that they are aware of and subscribe to our expectations, standards and procedures.
Specifically relevant to our compliance with the Code we:
- Include modern slavery risk as part of due diligence at renewal for all relevant suppliers
- Specifically include modern slavery risk as part of due diligence for all UK Claims suppliers
- Ask new suppliers if they match our commitment to pay the Living Wage.
As a provider of financial services we do not operate in a sector which we consider to be particularly susceptible to modern slavery practices such as forced labour or exploitation for example, nor do we purchase goods or services from organisations which we would associate with modern slavery or human trafficking.
Nevertheless, we regularly evaluate the nature and extent of our exposure to risk in our supply chain and modern slavery will be included in that evaluation going forward.
This statement is made in accordance with Section 54(1) of the UK Modern Slavery Act 2015 and constitutes the Ecclesiastical Insurance Group's slavery and human trafficking statement for the financial year commencing 1 January 2017 and ending 31 December 2017.