What is our Modern Slavery Policy?
Statewide Super works to identify and limit the existence of slavery, servitude and/or compulsory labour, human trafficking and any related exploitation (together, “modern slavery”) in its supply chain, as is reasonably practicable.
Statewide Super’s Modern Slavery Policy is designed to ensure that Statewide Super complies with the Modern Slavery Act 2018 (MSA) and to ensure that as an organisation, we will;
- identify and describe our operations and supply chain;
- identify the risks of modern slavery practices in our operations and supply chain;
- identify and document actions taken to assess and address the risks;
- and describe how we assess the effectiveness of the actions taken to reduce risks of modern slavery.
How will Statewide Super identify modern slavery risks in its business?
It is our responsibility to ensure there are effective channels and procedures in place for our employees to understand, identify and report modern slavery. We will investigate and assess the risk of modern slavery in our business and work with our suppliers and fund managers to address those risks where required. We will review and re-assess our approach on a regular basis.
We have conducted a risk assessment of our top 10 suppliers and have deemed them 'low risk'. We will continue to monitor current suppliers and will ensure future material outsource suppliers are aware of our approach to identifying and addressing modern slavery.
Instances of modern slavery can be reported to Statewide Super by raising a complaint which can be done via our contact us page.
How will Statewide Super enforce the policy?
Statewide Super is committed to our responsibility to assist in identifying, assessing and monitoring the risks of modern slavery within our supply chain.
We have made it a priority to ensure directors and employees are aware of this important issue through training and communications.
We have established a working group to identify, monitor and address modern slavery risks in our operations and supply chain.
To support compliance with our Modern Slavery Policy, Statewide Super will incorporate modern slavery risk into its Risk Management Framework. The General Counsel together with the Chief Risk Officer have overall responsibility for ensuring the Modern Slavery Policy complies with Statewide Super’s legal obligations and that Statewide Super employees comply with the Modern Slavery Policy.
All directors, officers and employees must;
- read and understand the Modern Slavery Policy;
- avoid any activity that might lead to, or constitute modern slavery;
- and raise any concerns and report any actual or suspected modern slavery at Statewide Super or within the operations of any suppliers or Investment Managers with whom Statewide Super conducts business.
The Modern Slavery Policy is posted on Statewide Super’s intranet for employees to refer to at any time. All employees receive dedicated training when joining the organisation.
Statewide Super will encourage our suppliers and fund managers to adhere to labour, health, safety and employment laws and put in place measures to assess, monitor and address modern slavery risks within their own operations and supply chains. We will do this through our procurement processes, and as is reasonably practicable, our investment governance framework.
If we become aware of anything to suggest that one of our suppliers or fund managers directly causes modern slavery, we will thoroughly investigate, and where appropriate, put in place a risk management plan.
Read our Modern Slavery Statement 2020 here.