Modern Slavery Statement

Policy Statement

Slavery and human trafficking remains a hidden blight on our global society. We all have a responsibility to be alert to the risks, however small, in our business and in the wider supply chain. Staff are expected to report concerns and management are expected to act upon them. 

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. This statement reflects our commitment to act ethically and with integrity in all our business relationships and to implement and enforce effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains. 

Organisational Structure 

XBP Europe is a global leader in payment, document and content processing solutions and outsourcing services. The Company is based within 15 countries across EMEA. 

Our Business

Our business encompasses the provision of business process operations for a wide range of organisations within the financial, healthcare, insurance, utility, business service and other sectors; software design and implementation as well as hardware sales and support.

Our Supply Chains 

Our supply chains include the sourcing of raw materials principally related to the provision of business process services but also some hardware procurement. 

Due Diligence Processes for Slavery and Human Trafficking 

As part of our initiative to identify and mitigate risk – 

  • We ensure all employees have background screening, to ensure that both our clients and our team are protected from financial irregularities, potential bribery and/or corruption. As part of this screening process those individuals who may become affected by slavery and human trafficking would be highlighted; 
  • We build longstanding relationships with suppliers wherever possible and make clear our expectations of business and ethical behavior; 
  • With regards to national or international supply chains, our contracts are predominately with an EU or US company or branch and we expect these entities to have suitable anti-slavery and human trafficking policies and processes. For any business that we may deal with outside of these regions, we will action additional checks to ensure the supplier meets our ethical expectations. We expect each entity in the supply chain to evidence due diligence on the next link in the supply chain, as a minimum.
  • We have in place systems to encourage the reporting of concerns and the protection of whistle blowers. 

Supplier Adherence to Our Values 

We have zero tolerance to slavery and human trafficking. We expect all those in our supply chain and contractors to comply with our values in this regard and will report all shortcomings to the relevant authorities.

The directors of the business are responsible for compliance in their respective departments and for their supplier relationships. 

Training

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to relevant members of staff. All Directors have been briefed on the subject and understand their responsibilities. 

Our Effectiveness in Combating Slavery and Human Trafficking 

We use the following key performance indicators (KPIs) to measure how effective we have been to ensure that slavery and human trafficking is not taking place in any part of our business or supply chains: 

  • Background Screening of all employees both direct and indirect; 
  • Use of labour monitoring and payroll systems; 
  • Appropriate communications and contact information with next link in the supply chain and their understanding of, and compliance with, our business and ethical expectations. 

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Company’s slavery and human trafficking statement for the current financial year.

Version 2.3 dated 03/12/2024

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