Modern Slavery Statement for year 2021
Slavery and Human Trafficking Statement of Adenza Group, Inc. for the financial year ending 31 December 2021
This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 and section 13 of the Modern Slavery Act 2018 of Australia. It sets out the specific actions taken by Adenza Group, Inc. (“Adenza”) and its consolidated subsidiaries (together “Adenza Group”) during the financial year ending 31 December 2021 to prevent modern slavery and human trafficking in our operations and our supply chains. Although many Adenza Group companies are not subject to these acts, Adenza has undergone a group-wide approach to addressing modern slavery risks. This Statement is a joint statement made by Adenza Group, Inc. on behalf of itself and all Adenza Group companies.
The Adenza Group companies operate in the same sector, have many shared suppliers, and use the same policies and processes as those identified in this statement and the statement describes these group companies’ actions to address modern slavery risks.
Organization and Supply Chains
Adenza is a cloud-enabled provider of cross-asset front-to-back solutions as well as solutions in the regulatory and risk technology sector for financial markets. Adenza’s customers operate in a diverse range of developed and emerging markets across the globe.
Adenza operates in a sector which is at relatively low risk of slavery, unlawful child labor or human trafficking existing within the business. Concurrently, we consider our main suppliers to be at low risk of engaging in practices of modern slavery and human trafficking, we remain committed to prevent the occurrence of any practices both in the business and in the supply chain.
Adenza expressly prohibits any participation in support of, or association with, the illegal and immoral practice of trafficking in persons, forced labor and slavery. Relevant provisions are included, inter alia, in the following policies:
- Code of Business Conduct
- Business Partner Code of Conduct
- Global Anti-Slavery and Human Trafficking Policy
- Due Diligence Process and Risk Assessments
We believe that the nature of our business and the regulatory environment in which we operate mitigate the risk of human trafficking and slavery taking place within our business and our supply chain. Adenza employs a technically skilled, professional labor force and does not frequently use labor brokers or other third parties to obtain labor. Our sales include software and services, and our supply chain does not involve the purchase of a large volume of physical goods. Despite our low risk, we carry out a due diligence process for prospective suppliers during which we:
- review the supplier’s reputation and business partner’s background;
- conduct a risk-based assessment of both the location of the supplier and the proposed scope of work;
- require Business Partners to accept obligations to comply with applicable laws, regulations and policies relating to slavery and human trafficking.
Suppliers that pose potentially higher risks of human trafficking and/or slavery are subject to more detailed risk assessments and additional oversight, if necessary, to help ensure compliance with our internal controls and applicable law.
Adenza continues to review and assess the effectiveness of the due diligence processes.
Adenza continues to review training options and that appropriate provision is made as required in respect of modern slavery and human trafficking issues.
The content of this statement has been reviewed by senior management of the Adenza Group companies, in consultation with Adenza.
This statement has been approved by the Board of Directors of Adenza on 7 January 2022.