Introduction
The Modern Slavery Act 2015 (“The Act”) is a law that came into effect in 2015. The Act requires any commercial company with an annual turnover of £36 million to publish a statement regarding modern slavery and human trafficking.
B.P Marsh and Partners Plc (the “Company”) does not yet exceed this threshold however it understands that it is of the utmost importance that the Company outline all actions taken to consider and avoid all potential modern slavery risks related to its business. The Company also seeks to highlight the due diligence processes and training it implements to ensure compliance to the Company’s zero-tolerance policy regarding modern slavery and human trafficking.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes B.P Marsh & Partners Plc’s modern slavery and human trafficking statement for the financial year ending January 2025.
Organisations Covered by this Statement:
- B.P. Marsh & Partners plc
- B.P. Marsh & Company Limited
- Marsh Insurance Holdings Limited
- B.P. Marsh Asset Management Limited
- B.P. Marsh and Company Trustee Company
- B.P. Marsh (North America) Limited
the Company is a private equity investor which specialises in early-stage financial services and business, employing 15 members of staff from one location. Due to this tight structure, the Company is of the opinion that there is no direct contiguity concerning modern slavery and human trafficking. However, the Company is still dedicated to ensuring all staff are aware of the policies and procedures in place regarding modern slavery and human trafficking.
Policies and Procedures Related to The Act
- Employee code of conduct
- Anti-Bribery and Money Laundering Policy
Recruitment Process
The Company has implemented recruitment processes that comply with all relevant UK employment laws and practices. The Company has also procured the relevant UK sponsorship licence, which enables the Company to employ people from overseas while also ensuring that every employee has the right to live and work in the UK.
Training
The Company enables and encourages all members of staff to engage with all training modules offered. All employees receive training related to modern slavery and human trafficking appropriate to their associated roles and informed of their responsibilities regarding reporting any potential risks.
This statement has been approved by the Board of Directors of B.P Marsh & Partners Plc.
