Modern Slavery Statement 2019/2020
This statement is made pursuant to Section 54, Part 6 of the Modern Slavery Act 2015 for the financial year ending 28 February 2020 and sets out the steps taken by First Derivatives plc to ensure that slavery and human trafficking is not taking place in our supply chains or in any part of our business.
First Derivatives plc is committed to conducting its business in compliance with legislation in order to combat slavery and human trafficking. We 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 NI030731 and is the parent company of the First Derivatives group of companies (the “Group”). We operate in Europe, North America, Asia and Australia with a global workforce of 2400 employees presently. Our annual turnover for the year ended 28th February 2020 year end was £237.5m.
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 predominantly employ professionally qualified and highly skilled people. We consider that given the nature of our business and the industries in which we operate, the risk of encountering modern slavery practices is relatively low. Our supply chains are limited to standard daily business supplies and occasional 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 our supply chains. We choose suppliers and contractors who we believe share our commitment.
The First Derivatives plc Code of Conduct also reflects these values, including First Derivatives’ aim of ensuring that our operations and those of our supply chain are free from modern slavery and human trafficking. We comply with all applicable employment legislation and we invest heavily in the health and wellbeing of our employees.
Supplier Adherence to our Values
We expect the same high standards from all of our Suppliers. In order 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.
In order 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 Modern Slavery awareness training to our staff, where applicable. In Quarter 3 and Quarter 4 of 2019, key staff in our procurement, human resources, finance, legal and facilities teams along with other individuals within the business who deal with contractors, suppliers and other business partners (“Suppliers”) completed Modern Slavery awareness training which will be refreshed annually as part of First Derivatives’ compliance training programme.
We require that all Suppliers, employees, directors, officers, agency workers, seconded workers, volunteers, interns, agents, external consultants and third-party representatives 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 the past year and further improve and develop our practices over the coming years.
This statement was approved at a meeting of the board of First Derivatives plc on 22 September 2020 and constitutes the Anti-Slavery and Human Trafficking statement for First Derivatives Plc’s Group for the 2019/2020 financial year ending 28th February 2020.
Graham Ferguson – Chief Financial Officer
First Derivatives plc