McLaren Technology Group’s Modern Slavery & Human Trafficking Statement for financial year 2017
This statement is made pursuant to Section 54 of the Modern Slavery Act 2015. McLaren Technology Group Limited and its wholly owned subsidiaries* (“McLaren Technology Group” or “We”) have taken a number of steps and actions to ensure that slavery and human trafficking is not taking place in its supply chains or in any part of its business.
This statement relates to the financial year ending 31st December 2017.
McLaren Technology Group
We are involved in a range of high profile and high technology business areas including, but not exclusively, Formula One motor racing, providing design, development, production and engineering services as well as consultancy and technology licensing services, electronics and all related marketing and administrative functions. McLaren Technology Group companies have offices in three jurisdictions (UK, North America and Asia).
We have in place systems to:
• identify and assess potential risk areas in our supply chains;
• mitigate the risk of slavery and human trafficking occurring in the supply chains;
• monitor potential risk areas in our supply chains; and
• protect whistle blowers.
Whilst We work in a wide range of sectors, our predominant business is in the technology sector. The technology supply chain is complex. Whilst the vast majority of our tier 1 suppliers are based in the UK, many of their suppliers are based all over the world. Often there can be a number of levels of suppliers between McLaren Technology Group and the raw materials at the very beginning of the process. As such, respecting and complying with modern slavery, human trafficking and general human rights obligations is as much the responsibly of our suppliers as it is ours.
That being said, We will not tolerate human trafficking or modern slavery in our supply chain and We have taken a number of steps toward this end:
i. Supplier RFP and RFQ
When our procurement team issues a request for proposal or request for quotation, the recipient must complete a questionnaire to be considered in the bid. The questionnaire asks a number of questions to ensure (amongst other things) the recipient is aware at a very early stage of its obligations to at all times act ethically and that We will not stand for any human trafficking, modern slavery or any other such unethical practices in our supply chain. A recipient’s answers to the questionnaire are assessed by our procurement team with particular emphasis placed on answers to questions in relation to human rights and modern slavery. Specifically a recipient will need to confirm it complies with our code of conduct (please see below) and is in full compliance with the Modern Slavery Act 2015.
ii. Purchase Orders
In our procurement process we always push to contract on our standard terms and conditions. Our standard terms and conditions include anti-slavery and human trafficking provisions. Any breach by a supplier of these provisions means that We can terminate the contract.
iii. Our External Policies
We have created a code of conduct in relation to human rights and business ethics. This code of conduct is included in the pack of documents sent to suppliers as part of the RFP/RFQ process and also applies internally to our staff. It is also published on our website at http://mclrn.co/COCBE.
We also maintain a number of other internal policies such as an anti-bribery policy, a whistleblowing policy, a diversity policy and a recruitment policy which along with our code of conduct act to ensure that no human slavery of modern trafficking is taking place in the work place.
We, where possible, conduct audits of certain high risk tier 1 suppliers to monitor compliance with their legal requirements and our high standards. Going forwards it is our intention to increase the number of audits we undertake to ensure all suppliers work in accordance with our expectations.
Following a review of the effectiveness of the steps we have taken to ensure that there is no slavery or human trafficking in our supply chains we intend to roll out further training to staff to ensure a high level of understanding of the risks of modern slavery and human trafficking is maintained in-house.
This statement is made pursuant to section 54 (1) of the Modern Slavery Act 2015 and constitutes the McLaren Technology Group’s slavery and human trafficking for the financial year ending 31st December 2017.
*McLaren Racing Limited, McLaren Marketing Limited, McLaren Applied Technologies Limited, McLaren Applied Technologies Inc. and McLaren Applied Technologies Pte Limited.