Modern Slavery and Human Trafficking Statement
Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain (together “modern slavery”).
The Livingbridge group entities (set out below and collectively referred to as the “the Group”) are committed to improving their practices to combat slavery and human trafficking wherever possible. This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for 2023.
There was no evidence of modern slavery, human trafficking or forced labour in our operations or supply chain during 2022.
The entities covered by this statement are as follows:
- Livingbridge Group LLP
- Livingbridge EP LLP
- Livingbridge Enterprise LLP
Given the nature of the services offered by the Livingbridge Group, we have assessed our risk of involvement in modern slavery and human trafficking as low.
The Livingbridge Group comprises Alternative Investment Fund Managers operating a private equity strategy, appropriately authorised and regulated by the Financial Conduct Authority (FRNs: 717564 and 429087), and unregulated entities.
The Group has offices in the United Kingdom, Australia and the US.
The Group’s supply chain primarily consists of professional services firms, recruitment agencies, information technology providers and third-party facilities providers.
Policies and procedures
The Livingbridge Group is committed to ensuring that there is no modern slavery or human trafficking in its supply chain or any other part of its business. The Group’s senior management has considered its obligation to report on the measures in place to ensure that all parts of the business and supply chain are slavery free. Counterparty take-on and review procedures have been updated where relevant to ensure due consideration is given to identifying and tackling modern slavery issues.
Supplier adherence to Modern Slavery and Human Trafficking requirements
The Livingbridge Group has a zero-tolerance policy to slavery and human trafficking; the Group will assess suppliers on an annual basis to ensure they remain in good standing. This assessment has been updated to ensure that modern slavery and human trafficking are considered, with potential issues documented and immediately raised to senior management for consideration. In addition, whilst the Livingbridge Group does not consider its portfolio companies form part of its supply chain, it expects its portfolio companies to consider and manage such risks in their own supply chains.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in the supply chain and throughout the Group’s business, employees and members are provided with practical guidance on what to look out for and who to contact should they have any concerns.
Effectiveness in combating slavery and human trafficking
Livingbridge Group’s senior management and wider team are committed to ensuring the effectiveness of the Group’s Modern Slavery and Human Trafficking mitigation arrangements. The Group will continue to assess and, where necessary, enhance these arrangements going forward.
Should you have any questions regarding the Group’s approach to Modern Slavery and Human Trafficking please contact Compliance@Livingbridge.com.