Modern Slavery Act

Modern Slavery Act - Atradius Statement

This statement is made in line with s.54 of the Modern Slavery Act 2015

This statement sets out the steps that Atradius has taken and is continuing to take to ensure that modern slavery or human trafficking is not taking place within our business, nor is it supported in our supply chain.

Modern Slavery

Modern slavery encompasses slavery, servitude, human trafficking and forced labour and Atradius has a zero tolerance approach to any form of modern slavery. We are committed to acting ethically and with integrity and transparency in all aspects of our business activities and to putting in place effective systems and controls to maintain our zero tolerance position.

About Atradius

Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente, one of the leading insurers in Spain and worldwide in credit insurance. Atradius UK is a registered branch of Atradius Crédito y Caución S.A. de Seguros y Reaseguros.

Authorised  and  regulated  by  Dirección  General  de  Seguros  y  Fondos de Pensiones.

*Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

(Reviewed 2021)

Potential areas of risk

Our supply chain is largely limited to service provision and all suppliers are required to comply with all relevant regulatory and legislative obligations, including the provisions of the Modern Slavery Act 2015.

Our compliance protocols and operating policies

We operate a number of internal policies and procedures to ensure that we are conducting business in an ethical and transparent manner. These include:

  • Code of business conduct. This code explains the manner in which we behave as an organisation and how we expect our employees and suppliers to act.
  • Statement of Corporate Responsibility. This statement promotes corporate responsibility throughout the supply chain.
  • Procurement Policy. This policy outlines the practices and procedures relating to all supply contracts, including the importance of selecting suppliers carefully and in accordance with due diligence requirements, including corporate social responsibility.
  • Recruitment policy. Atradius operates a robust recruitment policy to safeguard against human trafficking or individuals being forced to work against their will.
  • Whistleblowing policy. We operate a whistleblowing policy so that all employees know that they can raise concerns about how colleagues are being treated, or practices within our business or supply chain, without fear of reprisals.
  • Modern slavery policy. This policy sets out the organisation’s stance on modern slavery and explains how employees can identify risks and where they can go for help.
  • Internal Management Assurance Assessment carried out at least once a year in order to remind staff about Modern Slavery requirements.

Education & Information

Atradius engages all employees in education and provides relevant information relating to compliance and code of conduct. The Modern Slavery Policy has been brought to the attention of employees and the context and relevance explained via the Company’s intranet.

Measuring Compliance

Atradius applies effective processes and controls to ensure that no aspect of our business is connected to any form of Modern Slavery. The Atradius Modern Slavery Policy is reviewed annually to ensure that the controls in place continue to be appropriate.

Should you require a paper copy of this statement it will be provided to you within 30 days following your request, the statement can also be viewed on the Gov.UK Modern Slavery Statement Registry.

This statement has been reviewed within 6 months of the Atradius financial year-end. Atradius UK’s Financial year-end is 31 December.

Approval

This statement was approved on behalf of:

Atradius Crédito y Caución S.A. de Seguros y Reaseguros
UK Branch FC/033828/BR018915

by:
Stuart Ramsden
Regional Director UK & Ireland Approved on the 11/08/2021

Update Revised Date 11/08/2021

* Deemed authorised by the Prudential Regulation Authority.

Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.

Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.