U+I recognises the importance of the Modern Slavery Act 2015.
We are committed to ensuring that human trafficking and slavery play no part in any activities carried out by U+I or our supply chain.
The following statement is made on behalf of U and I Group PLC (U+I) and its subsidiaries in accordance with section 54 (1) of the Modern Slavery Act 2015 (the “Act”).
U+I is a public limited company incorporated in the United Kingdom, its shares are listed on the main market of the London Stock Exchange. U+I is a property regeneration, development and investment company listed on the London Stock Exchange. The U+I Group currently has c.120 employees. The Company’s projects are based in the UK and Ireland and, as such, it does not believe that it has activities that are considered to be at high risk of slavery or human trafficking. U+I categorically opposes all forms of human trafficking and slavery and will take the necessary steps to ensure ethical practices operate throughout its entire business.
U+I’s process for identifying and managing risk, including any risk of modern slavery and human trafficking, is set by the Board and delegated to the Audit and Risk Committee and the Risk Management Committee. Anti-Slavery and Human Trafficking is a specific risk on the Company’s risk register and, as such, is reviewed and addressed by both Committees.
U+I believes that the detection and reporting of slavery and human trafficking is the responsibility of all employees. During the year all employees were required to undertake specific training with regards to Anti-Slavery and Human Trafficking. In addition, all new employees are required to complete this training as part of their induction process. Should any employee have a suspicion of slavery or human trafficking in any part of the business or supply chain they are encouraged to raise this at the earliest opportunity.
U+I operates within a set of internally developed corporate policies and procedures approved by the Board of Directors and communicated to all employees. All employees are aware that U+I operates a zero-tolerance approach to slavery and human trafficking within the organisation and, any concerns over wrongdoings or breaches of the law can be reported to line management, the Company Secretary or Executive Directors. Should this approach not be deemed appropriate any concerns can be reported in accordance with the Company’s whistleblowing policy, which enables staff to report information in confidence.
U+I recognises that there is a risk that organisations within its supply chain may not operate under such stringent policies. U+I’s suppliers are expected to comply with the Modern Slavery Act (the “MSA”) and, where necessary, to communicate to their own supply chain. Consequently, U+I has incorporated procedures as part of the due diligence conducted on suppliers to ensure, so far as it is possible, that the standards under which they operate with respect to anti-slavery and human trafficking are in accordance those of U+I. This will be reviewed on a regular basis by the Audit and Risk Committee, and will be the subject of an internal audit review at the request of the Committee.