This statement is pursuant to Section 54, Part 6 of the Modern Slavery Act 2015 and constitutes the modern slavery and human trafficking statement on behalf of Hadley Industries Holdings Limited (“Hadley”) for the financial year ending 31 March 2020.
We have reviewed our last modern slavery and human trafficking statement, and this statement sets out the steps Hadley continues to take and, where appropriate: any new steps it has introduced during the previous financial year to address the risk of modern slavery taking place within its own operations and supply chains.
For the purpose of this statement; joint venture arrangements are treated as being part of our supply chains.
Hadley has a commitment to ensure that there is no modern slavery or human trafficking in its supply chains or in any part of its business and imposes the same high standards on its suppliers.
Hadley is the UK's largest independent manufacturer of cold rolled metal profiles. We are the parent company of the Hadley Group with its Head Office based in the United Kingdom. The Group operates globally and has over 700 employees based in four countries with a global annual turnover of £180 million.
Our business is organised into three business units:
Hadley purchases parts, components, services, supplies and raw materials from a significant number of suppliers. Our supply chains are therefore extensive, numbering over six hundred suppliers over six countries. We also use a range of suppliers in the UK including professional services firms. Our UK supply chains include:
As part of our commitment to combatting modern slavery and human trafficking, we operate the following policies and procedures, which reflect our commitment to acting ethically and with integrity in all our business relationships, and to implementing and enforcing effective systems and controls to ensure modern slavery and human trafficking is not taking place anywhere in our operations:
As part of our initiatives to identify and mitigate risk, we regularly review existing policies and practices as part of our ongoing compliance obligations in producing this statement.
As part of our efforts to monitor and reduce the risk of modern slavery and human trafficking in our business and supply chains, we have adopted the following due diligence procedures:
Our procedures are designed to:
As matters stand as at the date of this statement, the above processes have not given Hadley any reason to suspect the existence of modern slavery or human trafficking in its business or its supply chain.
We use the following key performance indicators (KPIs) to measure how effective we have been to ensure that slavery and human trafficking is not taking place in any part of our business or supply chains:
We will also continue to monitor and review our practices within our business and supply chains, and if our perception of risk changes, we will revisit our existing practices.
Training will be provided to those employees in roles most likely to be in a position to identify and address potential modern slavery risks, including Human Resources, Sales, Finance, Audit & Compliance, Legal and Procurement functions.
This training is to ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and within the business.
We have also built awareness of the risks of slavery and human trafficking within the business and its supply chains into our induction process for all new employees regardless of function.
This statement has been duly approved by the board of directors of Hadley. This statement is issued on their behalf and with their consent.