Modern Slavery Policy

We may make changes to this policy from time to time, and will post the latest version of the policy on this page. If we make any significant changes to this policy, we will let you know by email or other appropriate means.

The Modern Slavery Act (MSA) 2015 covers four activities:

Slavery – Exercising powers of ownership over a person

Servitude – The obligation to provide services is imposed by the use of coercion

Forced or compulsory labour – Work or services are exacted from a person under the menace of any penalty and for which the person has not offered themselves voluntarily

Human trafficking – Arranging or facilitating the travel of another person with a view to their exploitation

This policy covers all four activities.

Modern slavery is a complex and multi-faceted crime and tackling it requires many organisations and individuals to play a part.

Recognise is a low risk firm, due to its activities. In particular the requirement for all colleagues to be subject to disclosure and barring checks, credit checks, and references significantly reduces any risk, as does the fact we employ very few unskilled colleagues.

Nonetheless there remains a risk of modern slavery. Particular areas of risk include;

Outsourced activities such as cleaning, waste management, property maintenance, etc

The Company, our managers and our colleagues have responsibilities to ensure our colleagues are safeguarded, treated fairly and with dignity.

Everyone must observe this Policy and be aware that ‘turning a blind eye’ is unacceptable. 

We will:

  1.  Maintain clear policies and procedures preventing exploitation and human trafficking, and protecting our workforce and reputation
  2. Be clear about our recruitment policy
  3. Be clear with key suppliers our expectations regarding the Act
  4. Lead by example by making appropriate checks on all employees, recruitment agencies, suppliers, etc to ensure we know who is working for us
  5. Ensure we have in place open and transparent grievance and whistleblowing processes for all staff
  6. Seek to raise awareness so that our colleagues know what we are doing to promote their welfare
  7. Make a clear statement that we take our responsibilities to our employees and our clients seriously (see Anti-slavery statement)


Managers will:

  1. Listen and be approachable to colleagues
  2. Respond appropriately if they are told something that might indicate a colleague is in an exploitative situation
  3. Remain alert to indicators of slavery (see Identifying Slavery below)
  4. Raise the awareness and ensure all employees are provided a copy of this policy and be aware of their responsibilities
  5. Use their experience and professional judgement to gauge situations


Colleagues

Whatever our role or level of seniority, we and our colleagues must:

  1. Keep their eyes and ears open—if they suspect someone (a colleague or someone in our supply chain) is being controlled or forced by someone else to work or provide services, follow our reporting procedure (see Reporting Slavery)
  2. Follow our reporting procedure if a colleague tells them something we think might indicate they are or someone else is being exploited or ill-treated
  3. Tell us if they think there is more we can do to prevent people from being exploited.

Anti-Slavery Statement

We make a clear statement that we take our responsibilities to our employees, people working within our supply chain and our clients seriously, and this is updated once a year.

Supply Chains

We tell the companies we do business with, that we are not prepared to accept any form of exploitation.

From the date of this policy, all relevant supplier contracts will contain an anti-slavery clause.

This clause prohibits suppliers and their employees from engaging in slavery or human trafficking.

We apply reasonable due diligence to risk assessing our supply chain and use the following mechanisms to do this:

  1. Supplier mapping initially performed on spend level and then industry sector to identify key vulnerabilities
  2. Risk Assessment of spend areas in relation to the supply chain and their propensity of historically proven risk
  3. Training and knowledge sharing for key Procurement
  4. Ensuring all suppliers deemed “at risk” are fully supportive to the aims of this policy, (including asking for copies of their Anti Modern Slavery Statement and Policies)
  5. Harmonizing those processes which are already mutually inclusive of the aims of this policy into the due diligence.
  6. If any issues are identified then this is escalated to the senior stakeholders in the business, with all methods of remediation to be available (up to and including exiting the relationship with the supplier)


Recruitment
Using Agencies

  1. The Company follows firm policy and only uses agreed specified reputable recruitment agencies.
  2. We expect all recruitment agencies with whom we engage:
    • To fully comply with the Modern Anti-Slavery Act 2015;
    • Are free from ethical ambiguities;
    • Are transparent, accountable and auditable.
  3. If the Company has reason to believe that any recruitment agency has failed to meet these standards, the Chief People Officer should be informed and any contracts with them would be terminated.


General Recruitment

  1.  We always ensure all staff have a written contract of employment.
  2. We always ensure staff are legally able to work in the UK.
  3. We provide information to all new recruits on their statutory rights including sick pay, holiday pay and any other benefits they may be entitled to.


If, through our recruitment process, we suspect someone is being exploited, then HR will be informed and the HR department will follow our reporting procedures.

There is no typical victim and some victims do not understand they have been exploited and are entitled to help and support.

However, the following key signs could indicate that someone may be a slavery or trafficking victim:

  • The person is not in possession of their own passport, identification or travel documents.
  • The person is acting as though they are being instructed or coached by someone else.
  • They allow others to speak for them when spoken to directly.
  • They are dropped off and collected from work.
  • The person is withdrawn or they appear frightened.
  • The person does not seem to be able to contact friends or family freely.
  • The person has limited social interaction or contact with people outside their immediate environment.


This list is not exhaustive.

Remember, a person may display a number of the trafficking indicators set out above but they may not necessarily be a victim of slavery or trafficking. Often you will build up a picture of the person’s circumstances which may indicate something is not quite right.

If you have a suspicion, report it to the HR Department who will follow our reporting procedures.

Talking to someone about your concerns may stop someone else from being exploited or abused.

If you think that someone is in immediate danger, dial 999. Otherwise, you should discuss your concerns with the Chief People Officer who will decide a course of action which may include contacting the Police or the Gangmasters Licensing Association (GLA).

Not all victims may want to be helped and there may be instances where reporting a suspected trafficking case puts the potential victim at risk, so it is important that in the absence of an immediate danger, you discuss your concerns first with the Chief People Officer before taking any further action.

We ensure that all employees are made aware of this policy, and their obligation to comply with this policy.

We will review our Anti-slavery policy regularly, at least annually. We will provide information and/or training on any changes we make.

Steve Pateman

Steve has had an extensive executive career in banking, leading corporate and commercial banking businesses at RBS/NatWest, managing Santander’s UK banking businesses and as CEO of Shawbrook Bank, Hodge Banking Group and most recently successfully leading the banking licence application for StreamBank.

He is a non-executive Director at Bank of Ireland both in the UK and Dublin and Thin Cats, a specialist SME lending business and is retained as an advisor to Black Lion Ventures. He was previously President of the Chartered Banker Institute.

Steve took up the role of Chair (subject to regulatory approval) at Recognise Bank in November 2024, having served as an Investor Non-Executive Director since January 2024.