The path forward
Rothschild & Co will continue to hold ourselves and our suppliers to high standards in our modern slavery response in order to protect those most vulnerable in our society. We are committed to continuous optimisation of our response to this risk, and so we have developed a plan to address how we can make improvements as an employer, as a purchaser of goods and services and as a provider of services.
Our people
We aim to implement specific training in 2023 on modern slavery risks to a targeted group of colleagues who lead on this topic from a strategic perspective and who address these matters as part of their ‘business as usual’. These colleagues will include those from Procurement, Legal and the Modern Slavery Working Group.
Supply chain
We have set out in Table 1 the sectors that we currently consider to be high-risk. In this financial year, we intend to instead cross-refer to the high-risk sectors as defined by the Gangmasters & Labour Abuse Authority In this way, we will have a more robust framework, that has been vetted and scrutinised by an independent public body.
Clients and investments
We plan to consult with the Financial Crime team to see how internal policies relating to clients and investments might be revised to explicitly reference modern slavery and to ensure we are looking for modern slavery risks when undertaking standard searches.