Modern Slavery Act Statement
Slavery and Human Trafficking Statement of Calypso Group UK Limited for the financial year ending 31 December 2019
This statement is made pursuant to the Modern Slavery Act 2015. It sets out the specific actions taken by Calypso Group UK Limited and any of its subsidiaries (together “Company”) to ensure that slavery and human trafficking is not taking place in any of our supply chains or in any part of our own business.
Organization and Supply Chains
The Company is a cloud-enabled provider of cross-asset front-to-back solutions for financial markets with over 40,000 users in more than 60 countries. The Company’s customers operate in a diverse range of developed and emerging markets across the globe.
The Company operates in a sector which is at relatively low risk of slavery, unlawful child labor or human trafficking existing within the business. Concurrently, we consider our main suppliers to be at low risk of engaging in practices of modern slavery and human trafficking, we remain committed to prevent the occurrence of any practices both in the business and in the supply chain.
The Company expressly prohibits any participation in support of, or association with, the illegal and immoral practice of trafficking in persons, forced labor and slavery. Relevant provisions are included in the following policies:
- Code of Business Conduct
- Business Partner Code of Conduct
- Global Anti-Slavery and Human Trafficking Policy
Due Diligence Process and Risk Assessments
We believe that the nature of our business and the regulatory environment in which we operate mitigate the risk of human trafficking and slavery taking place within our business and our supply chain. The Company employs a technically skilled, professional labor force and does not frequently use labor brokers or other third parties to obtain labor. Our sales include software and services, and our supply chain does not involve the purchase of a large volume of physical goods. Despite our low risk, we carry out a due diligence process for prospective suppliers during which we:
- review the supplier’s reputation and business partner’s background;
- conduct a risk-based assessment of both the location of the supplier and the proposed scope of work.
- require Business Partners to accept our Business Partner Code of Conduct, including obligations to comply with applicable laws, regulations and policies relating to slavery and human trafficking.
Suppliers that pose potentially higher risks of human trafficking and/or slavery are subject to more detailed risk assessments and additional oversight, if necessary, to help ensure compliance with our internal controls and applicable law.
The Company continues to review training options and that appropriate provision is made as required in respect of modern slavery and human trafficking issues.
This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 and constitutes the Company’s slavery and human trafficking statement for the financial year ended 31 December 2019 and will be reviewed and updated for each financial year.
This statement has been approved by the Board of the directors of Calypso Group UK Limited on 15 December 2020.