StatPro Group PLC (‘StatPro’) is committed to achieving and maintaining the highest standards of ethical conduct in its business practices. We also believe it to be our responsibility to encourage appropriate ethical behaviour in the Group’s companies and supply chains.
“It is shocking that in 2018, according to the International Organisation for Migration, 40.3 million people are estimated to be involved in modern slavery with 24.9 million of these in positions of forced labour” said Justin Wheatley, Group Chief Executive, StatPro. “At StatPro, we are absolutely committed to preventing slavery and human trafficking in our corporate activities, and to ensuring that our supply chains are free from slavery and human trafficking. This involves taking a robust approach to ensure the prevention of modern forms of slavery and human trafficking”.
This statement explains the action StatPro has taken to understand all potential modern slavery risks related to its business and the steps it has taken to ensure that there is no slavery or human trafficking in our business and supply chains. This statement relates to actions and activities during the financial year 1 January to 31 December 2018. No incidents of modern slavery or human trafficking were reported within our business or supply chain during this financial year.
2. Organisational structure and supply chains
Founded in 1994, StatPro is an integrated cloud-based performance and risk platform designed to increase its client’s productivity and lower costs. The services StatPro offers includes cloud-based solutions for portfolio analysis, data and risk support services and detail analytics products to enable risk measurement, attribution and reporting.
StatPro currently serves around 500 clients and specialise in IT and Telecoms services and portfolio analytics.
StatPro employs a diverse workforce with professionals and other employees from many countries and cultures across our Group.
StatPro currently operates in the following countries:
- South Africa
- United Kingdom; and
- the USA
StatPro’s supply chain is predominantly with IT and telecommunications providers who are based in low-risk jurisdictions in Europe and North America.
StatPro undertakes a rigorous approach to procurement and ensures that all suppliers are subject to robust contractual constraints which are vetted by legal counsel in each jurisdiction to ensure compliance with applicable local laws.
This structure ensures that we operate with a very low risk of slavery and human trafficking in our business and supply chains.
3. Steps taken to ensure modern slavery and human trafficking are not taking place in our business or supply chains
We impose the highest professional standards on all our employees and comply with all local laws and regulations applicable to our business. StatPro’s commitment to delivering a high standard of corporate governance in a socially responsible manner is documented in our policies and procedures.
StatPro is committed to developing further rigorous and robust training and policies that ensure the continual development of our working practices. These policies will be regularly reviewed and communicated to ensure that all StatPro personnel are fully aware of their obligations.
StatPro promotes an open culture. All employees and workers are encouraged to report any concerns related to the business’ activities through StatPro’s whistleblowing procedure which is designed to make it easy to make disclosures, without fear of retaliation. This includes any circumstances that may give rise to an enhanced risk of slavery or human trafficking.
4. Performance indicators
4.1 StatPro reviewed its key performance indicators (KPIs) in light of the introduction of the Modern Slavery Act 2015.
4.2 As a result, we are currently planning the following actions that will be completed in 2019:
4.2.1 Require all staff to have completed a training and awareness campaign;
4.2.2 A formal evaluation and review of our existing key suppliers; and
4.2.3 An updated procurement policy that includes a Modern Slavery and Human Trafficking assessment prior to engagement with all new suppliers.
4.3 StatPro remains wholly committed to improving our processes to ensure that our business and our supply chains are free from modern slavery and human trafficking.
5. Board approval
Director’s name: Justin Wheatley
Group Chief Executive