Kuflink Group Plc is making a voluntary modern slavery and human trafficking statement relating to section 54 of the Modern Slavery Act 2015.
We are a Bridging Finance Lender and an online P2P business providing Financial Services in the Financial Tech Sector.
Our annual turnover is under £36 million. Although we are not required to make a modern slavery statement under section 54 of the Modern Slavery Act 2015, we are making this voluntary statement to show our commitment to ethical trading principles and to set out the steps we are taking to tackle modern slavery and human trafficking in our business and in our supply chains.
Our supply chains are mainly made up of Technology services, Payment services, Human Resource Services, Data, Office and Facilities Management Services, and Professional Services, amongst others.
Our commitment to ethical trading
We are committed to ethical trading principles and to acquiring goods and services without harm to others.
Due diligence and risk assessment
To help identify and monitor the risk of slavery and human trafficking in our supply chain we undertake detailed due diligence on proposed suppliers to ensure that they are a suitable organisation with which to do business, which includes:
- Assessing the selection, management and geographical location of their employees
- The selection and management of their sub-contractors and their supply chain; and
- Their commitment to corporate and social responsibility.
We vet suppliers and sub-contractors to ensure that they are committed to ethical labour practices. We include anti-slavery and human tracking provisions in all our contracts with suppliers.
We only employ agency workers through reputable employment agencies that adhere to our anti-slavery and human trafficking policy (or equivalent policies).
Effectiveness in combating slavery and human trafficking
We use the following key performance indicators (KPIs) to measure how effective we have been at ensuring that slavery and human trafficking is not taking place in any part of our business or supply chains:
- The percentage of suppliers and sub-contractors vetted for ethical labour practices.
- The number of inspections of direct suppliers and sub-contractors in our supply chains in the past year.
- The number of reported breaches in the past year.
- Percentage of staff receiving training on identifying and addressing the risk of slavery and human trafficking in our business and supply chains.
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. We also require our business partners to provide training to their staff and suppliers and providers.
Given the nature of our business, we do not consider that we operate in a sector where modern slavery and human trafficking are high risks, however, a small proportion of our service providers have business operations within geographical locations that do represent an elevated risk. Following a review of the effectiveness of the steps, we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take the following further steps to combat slavery and human trafficking. In 2022 we strengthened our supplier assurance programmes to ensure that our supply chain services partners comply with, and are aligned to, our values and our commitment to ensure that there is no slavery or human trafficking arising in our supply chains or in any part of our business and are assessed during the procurement process.
This voluntary slavery and human trafficking statement is made in connection with section 54(1) of the Modern Slavery Act 2015, for the financial year ending 30th June 2022. It was approved by the board on 23rd June 2022.
KUFLINK GROUP PLC
Date: 23rd June 2022