SCHRODERS PLC modern slavery statement summary (2023)
Organisation address
London,
England,
EC2Y 5AU
We asked the organisation a series of questions about its modern slavery statement. Its answers are published on this page as a statement summary.
This statement provides information for 5 of 6 recommended areas
What is a modern slavery statement?
PDF version of the statement
If you need an accessible version of this PDF file, please contact SCHRODERS PLC for further assistance.
Schroders Modern Slavery Statement 2022.pdf
File uploaded: 03 July 2023 at 11:37am
PDF
| 12.16 MB
About this statement summary
All answers relate to the financial year covered by the statement. The organisation is responsible for all the information it provided. Some of our questions are optional, so organisations may not have answered all of them. The statement summary does not replace the full modern slavery statement – below we provide a link to the full statement on the organisation’s website.
Contents
- Organisations covered by the statement
- Legal requirement to publish
- Statement period and sign-off details
- Recommended areas covered by the statement
- The organisation’s sectors and turnover
- Number of years producing statements
- Policies
- Training
- Monitoring working conditions
- Modern slavery risks
- Finding indicators of modern slavery
- Demonstrating progress
Organisations covered by the statement
SCHRODERS PLC modern slavery statement for 2023 is a group statement covering 14 organisations. See the full list of organisations covered by this statement
Legal requirement to publish
SCHRODERS PLC has confirmed it is required to publish a 2023 statement by law.
Statement period and sign-off details
The statement covers the following period:
1 January 2022 to 31 December 2022
The statement was signed off by:
Peter Harrison (Group Chief Executive)
It was approved by the board (or equivalent management body) on:
7 June 2023
Recommended areas covered by the statement
Government guidance encourages organisations to cover a range of areas in their modern slavery statements, setting out the steps they’re taking to address modern slavery risks in their operations and supply chains. Read about the recommended areas in the statutory guidance.
We asked the organisation to tell us which areas its statement covers.
Areas recommended by government guidance | Organisation’s response |
---|---|
The organisation’s structure, business and supply chains | Covered |
Policies | Covered |
Risk assessment | Covered |
Due diligence (steps to address risk) | Covered |
Training about modern slavery | Covered |
Goals and key performance indicators (KPIs) to measure the effectiveness of the organisation's actions and progress over time | Covered |
The organisation’s sectors and turnover
Sectors
The organisation operates in the following sectors:
- Financial, insurance and real estate activities
Turnover
Its turnover in the financial accounting year of this statement was:
Over £500 million
What does 'turnover' refer to in group statements?
Number of years producing statements
How does this work for group statements?
Policies (optional)
Policy provisions we asked about | Organisation’s response |
---|---|
Freedom of workers to terminate employment | Included |
Freedom of movement | Included |
Freedom of association | Included |
Prohibits any threat of violence, harassment and intimidation | Included |
Prohibits the use of worker-paid recruitment fees | Included |
Prohibits compulsory overtime | Included |
Prohibits child labour | Included |
Prohibits discrimination | Included |
Prohibits confiscation of workers' original identification documents | Included |
Provides access to remedy, compensation and justice for victims of modern slavery | Not included |
Other |
Not included
|
Training (optional)
What counts as training?
We asked who the training was for | Organisation’s response |
---|---|
Your whole organisation | Yes |
Your front line staff | Yes |
Human resources | Yes |
Executive-level staff | Yes |
Procurement staff | Yes |
Your suppliers | No |
The wider community | No |
Other |
No
|
Monitoring working conditions (optional)
Engaging with others
We asked who the organisation engaged with | Organisation’s response |
---|---|
Your suppliers | Yes |
Trade unions or worker representative groups | No |
Civil society organisations | No |
Professional auditors | No |
Workers within your organisation | Yes |
Workers within your supply chain | No |
Central or local government | No |
Law enforcement, such as police, GLAA and other local labour market inspectorates | No |
Businesses in your industry or sector | No |
Social audits
What are social audits?
Grievance mechanisms
We asked if workers could raise concerns this way | Organisation’s response |
---|---|
Using anonymous whistleblowing services, such as a helpline or mobile phone app | Yes |
Through trade unions or other worker representative groups | No |
Other ways of monitoring working conditions
Modern slavery risks (optional)
Priority risks for this organisation (1 of 3)
Questions we asked about this risk | Organisation’s response |
---|---|
Where it was most likely to occur |
Organisation’s response:
Organisation selected ‘Other’ and wrote: Within our value chain - the investments we manage |
Who was it most likely to affect |
Organisation’s response:
|
In which country | Organisation’s response: NO DETAILS PROVIDED |
Actions or plans to address this risk | Organisation’s response: We integrate modern slavery risks into our fundamental analysis of companies and actively engage with them to promote and respect human rights. We have an internal tool, used to support investment analysis, that includes several performance measures and questions related to human rights and modern slavery topics. We developed a bottom-up framework for analysing a company's human rights due diligence efforts. We continue to actively engage with companies an vote on human rights practices. |
Priority risks for this organisation (2 of 3)
Questions we asked about this risk | Organisation’s response |
---|---|
Where it was most likely to occur | Organisation’s response: Within your own operations. |
Who was it most likely to affect |
Organisation’s response:
|
In which country | Organisation’s response: NO DETAILS PROVIDED |
Actions or plans to address this risk | Organisation’s response: We are committed to respecting the ILO’s Declaration on Fundamental Principles and Rights at Work and to providing equal employment opportunities and combatting all forms of discrimination. We continuously manage the risk of modern slavery in our workforce by making sure that the people we hire have the right to work in the relevant country and that their basic rights as workers are protected. We commit to providing fair wages and benefits and a secure working environment for our people. |
Priority risks for this organisation (3 of 3)
Questions we asked about this risk | Organisation’s response |
---|---|
Where it was most likely to occur |
Organisation’s response:
Within your supply chains.
|
Who was it most likely to affect |
Organisation’s response:
|
In which country | Organisation’s response: NO DETAILS PROVIDED |
Actions or plans to address this risk | Organisation’s response: We expect all our suppliers to operate in a responsible, open and transparent way, fully compliant with all applicable laws and regulations, and our Supplier Code of Conduct. We take a risk-based approach to the sourcing, onboarding and monitoring of our own supply chain and apply enhanced due diligence to those deemed to be higher risk regarding modern slavery exposure. Fundamental to our supply chain oversight is performing both initial and ongoing supplier criticality assessments. |