Modern Slavery Act Statement
Introduction
This statement is made on behalf of St plc and its subsidiaries, Stocktec Bank plc, and its subsidiaries: Stocktec Wealth and Investment LLC, and Stocktec Asset Finance Inc. (collectively “Stocktec”).
Stocktec strives to be a distinctive specialist bank and wealth manager driven by a commitment to our core philosophies and values. We are committed to the ten principles of the United Nations Global Compact, covering human rights, labor, environment, and anti-corruption, and we support the global agenda to end human trafficking, slavery, forced, and child labor.
In line with this commitment, we adhere to relevant U.S. laws and policies aimed at eradicating these injustices. We are committed to compliance with the Trafficking Victims Protection Act (TVPA) and other applicable U.S. regulations, ensuring that our supply chain operates transparently and ethically. We strive to foster a culture of openness regarding the sourcing and supply of goods and services. This statement constitutes Stocktec’s Anti-Slavery and Human Trafficking Statement for our financial year ended March 31, 2021, as part of our ongoing commitment to corporate responsibility and ethical governance.
Modern Slavery Act Statement
We aim to identify and investigate
any slavery risks
and eradiate such risks.
Organisational structure
Stocktec has undertaken an investigation of its corporate structure and business practices and determined that our international subsidiaries do not carry on business, or part of a business, in the U.S.
Training and policies
Training is fundamental in raising awareness of modern slavery issues. We have therefore identified relevant training which is intended to provide all our employees with an understanding of modern slavery and our obligations under the Act. Such training is rolled out to key stakeholders, who have been identified by us. .
Conclusion
We reiterate our ongoing commitment to the Act and its underlying principles.
Get Feeds & News
© Stocktec Investment Bank 2023