Palladium International Limited supports the Modern Slavery Act 2015 in all parts of its business services. We are committed to preventing the existence or prospect of modern slavery within our organisation and our supply chains through the continuous improvement of our own policies and improved engagement with our suppliers.
This statement seeks to illustrate that Palladium understands its responsibility to go beyond legal compliance and show how we are committed to proactively tackling modern slavery in our supply chains. Over the last 12 months we have consulted widely in order to obtain feedback on our approach to reducing modern slavery in our supply chains and how we reflect this commitment in our annual statement. Palladium’s annual statement for 2019 was recognised as being within the top 60% of the UK government’s 100 largest suppliers. However, we want to show our commitment to continuous improvement and this year’s statement provides a clear roadmap for what we aim to achieve in 2020. This year we:
This statement is made pursuant to section 54(1) of the UK’s Modern Slavery Act 2015 and is Palladium’s updated modern slavery and human trafficking statement for the calendar year starting 1st January 2020.
Our structure, business and supply chains
Palladium International Limited is a private limited company registered in England. It is part of the Palladium group of companies which has corporate offices in the United States of America, United Arab Emirates, Nigeria, Indonesia and Australia, and a presence in more than 90 countries across the globe.
Our core business services include business consulting, programme and project management, impact investing and capacity building. We work across different sectors and we work with corporations, governments, foundations, investors and communities to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.
Currently Palladium International Ltd works with more than 400 organisations across 60 countries. Our supply chain consists of external businesses, self-employed consultants and business partner organisations located within the UK and overseas. Due to the nature of our work, we recognise that some of our supply chains operate in high-risk environments for modern slavery including countries with high levels of poverty, a lack of awareness and understanding of human trafficking and modern slavery and weak national systems to monitor and respond to human rights abuses including incidences of modern slavery. Across our operations, we strive to ensure that all goods and services we supply to clients are free of modern slavery through diligent and regularly updated policies, guidelines and mechanisms to detect and prevent modern slavery.
Achievements in 2018
We developed and published our Modern Slavery Guidelines. These Guidelines provide further information and guidance on the implementation of our Code of Conduct Policy with regards to the prevention of all forms of Modern Slavery and Human Trafficking. The Guidelines are applicable globally to all of Palladium’s operations, staff and all representatives of the company. As well as outlining the duty to comply, these guidelines seek to educate readers on identifying and reporting modern slavery, with links to the Home Office website’s ‘Truth and Myth’ section on modern slavery and human trafficking, as well as recommending links to leading anti-slavery organisations.
We strengthened our risk assessment policy to ensure that we assess the potential risk of modern slavery and human trafficking in our business development pipeline. This risk assessment is widely based – assessing country risk, industry or product risk as well as supply chain risk.
Palladium became a participant of the UN Global Compact on the 22nd January 2018. Palladium is committed to the UNGC initiative and its universal principles and we are building on this to embed these principles in our day-to-day operations and strategy for future growth.
We established reporting mechanisms outlined in Palladium’s Investigation Standard Operating Procedures (SOPs) and have included the need to immediately report any suspected or alleged instances of Modern Slavery, Human Trafficking or violations of our Code of Conduct using the Company Whistle-blower Hotline: Email: email@example.com; Tel: + 44 20 3318 5468. The whistle-blower hotline is advertised in all offices from which Palladium does business.
In our 2018 statement we committed to improving our due diligence practices to help us to gather greater information about our supply chain and to build the capacity of our supply chain in this area.
Progress in 2019
Our Due Diligence Policy
Palladium conducts due diligence on all parties with which it enters into business relationships. Our due diligence policy reflects the fact that many of our operating environments are high-risk for modern slavery and human trafficking. In 2019 we strengthened our due diligence process by moving to an online system for all of our UK government funded work (which forms the largest part of our business). Touchstone Review allows us to track data from suppliers and ensures that all due diligence for every supplier is updated on a 6-12 monthly basis. We are also committed to carrying out spot-checks and ‘deep dives’ to gather further information about a supplier and their supply chains.
As part of the due diligence process Palladium encourages all suppliers to have a Modern Slavery Policy or Guidelines within their business as well as a Code of Conduct. If it is a legal requirement in the country of operation for the supplier to have a policy, then these documents have to be produced prior to contracting. In addition, we are committed to capacity building across our supply chains and working with suppliers to develop modern slavery policies where none exist or to strengthen policies where necessary. Where suppliers are not fully compliant, they are required to provide an action plan highlighting gaps in their process and corrective action they are taking. Gaps identified during the due diligence process are revisited after an agreed period (up to 6 months) and, where a supplier fails to fulfil an action plan, we will consider further measures or terminating our relationship.
Palladium asks questions specific to the supplier’s modern slavery policies:
Building our business and delivering anti-trafficking programmes
In 2019, Palladium started delivering its first anti-slavery programme as the implementing partner for DFID’s Stamping out Slavery in Nigeria (SoSiN) programme. SoSiN is a 4-year programme which aims to change or reduce the behaviours, attitudes, and social norms in Edo State that drive or enable human trafficking. Learning from SoSiN will be shared across the organisation to strengthen and contextualise understanding of modern slavery.
Strengthening our Code of Conduct
Palladium updated and strengthened its Code of Conduct and launched our Sustainable Business Approach. This approach shows how Palladium brings together Diversity and Inclusion, Safeguarding and Environmental policies which, although distinct fields, have shared goals and commitments. We are committed to: