Modern Slavery Statement
This statement is made pursuant to Section 54, Part 6 of the Modern Slavery Act 2015 and sets out the steps First Derivatives plc has taken to ensure that slavery and human trafficking is not taking place in our supply chains or in any part of our business.
We are fully supportive of the steps we have taken to combat slavery and human trafficking and are committed to further improving and developing our practices over the coming years.
About First Derivatives Group
First Derivatives plc is a public limited company registered in Northern Ireland under company number Nl030731 and is the parent company of the First Derivatives group of companies (“Group”). We operate in Europe, North America, Asia and Australia and the Group currently has over 2000 employees worldwide. Our annual turnover for the year ended 29 February 2017 year end was £151.7m.
We are a leading provider of software products and consulting services to some of the world’s largest finance, technology and energy institutions. Our portfolio of software is also used in a range of industries including capital markets, digital marketing, pharma and utilities.
Our Supply Chains
We consider that the nature of our business and the industries we operate in is such that the risk of us encountering modern slavery practices is relatively low. Our supply chains are limited to standard day to day business supplies and from time to time engagements with sub-contractors who supply resources for our projects. These supply chains typically do not involve multiple tiers of suppliers and therefore we have good visibility of the entire supply chain.
Our Policy on Slavery and Human Trafficking
Our company Anti-Slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure that slavery and human trafficking is not taking place in our business or in any of om supply chains. We choose suppliers and contractors who we believe share our commitment.
Supplier Adherence to our Values
We expect the same high standards from all of our contractors, suppliers and other business partners (“Suppliers”). To ensure all those in our supply chain comply with our values, Suppliers will be required to comply with the prohibitions under the Modern Slavery Act 2015 as part of our contracting processes. We also expect that our Suppliers will hold their own suppliers to the same high standards.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff, where applicable.
We require that all employees, directors, officers, agency workers, seconded workers. volunteers, interns, agents, contractors, external consultants, all suppliers, third-party representatives and business partners comply with our Anti-Slavery and Human Trafficking Policy. As with all alleged violations of policy, we investigate issues and take the appropriate action up to and including disciplinary action for employees or termination of business relationships with Suppliers.
We shall continually review the effectiveness of the steps we have taken over this year and to further improve and develop our practices over the coming years.
This statement constitutes First Derivatives Plc’s Group slavery and human trafficking statement for the 2017/2018 financial year ending 28th February 2018.
Date: 28 February 2018
First Derivatives Plc