We1 recognise as a firm that slavery and human trafficking (modern slavery) is a serious issue within our society. We are committed to acting ethically and with integrity in our business dealing and relationships and to the fair and humane treatment of people both in our business and in our supply chains.
This statement sets out the steps that we have taken in respect of the financial year ended 31 March 2021 to ensure that modern slavery is not taking place in any of our supply chains or in any part of our own business.
Organisational structure and supply chain
We are a leading provider of audit, tax and consulting services throughout the UK, and a member of the RSM network2. Our services are provided via separate companies and limited liability partnerships within our group, most of which are externally regulated.
Our suppliers include office supplies and services, IT services, professional services such as recruitment, legal and insurance, and travel agents and hotels.
Our key values include respect for others and acting with integrity. We expect this of all our people3. More information about our values can be found on our website here.
The RSM UK code of conduct provides the ethical framework for the decisions we make, both individually and collectively. It aims to ensure that our people uphold our values and ethical standards, and comply with professional regulations and applicable laws. The code reinforces our commitment to the fair and humane treatment of people in our business and our supply chains, and helps maintain our reputation as an ethical and responsible firm. In particular:
- Recruitment – we take a robust approach to recruitment, including conducting ‘eligibility to work in the UK’ checks for all employees to safeguard against human trafficking or individuals being forced to work against their will. We only use reputable recruitment agencies, all of whom have had to confirm that they will not engage in any practice that would be considered modern slavery under UK law.
- Whistleblowing – our policies ensure that all our people know that they can raise concerns about how colleagues are being treated, or practices within our business or supply chain, without fear of reprisal. Our people are openly encouraged to report any concerns about modern slavery, including any involving clients or suppliers.
- Health and safety – we aim to ensure that we provide a safe working environment for those working on our premises. The health and wellbeing of our staff is important to us, and the firm supports this via a number of employee wellbeing initiatives.
- Procurement – our policies impose personal responsibility on our people to make sure that expenses are only incurred with reputable suppliers who engage in ethical business practices.
- Anti-Bribery – we have a zero tolerance stance on bribery and all our people receive training to recognise and avoid bribery. We also commit to take appropriate and firm action against any individual involved in bribery. This helps avoid poor procurement practices and the use of unethical suppliers.
Shortly after the financial year ending 31 March 2021, mandatory refresher training on modern slavery was rolled out to all our people. The training covered how to recognise indicators of modern slavery and human trafficking in day-to-day work, especially when dealing with clients and suppliers, as well as how to report any concerns. All new joiners are also required to complete this training.
Risk assessment and due diligence process
We conduct business predominantly in the UK, a lower risk jurisdiction where slavery and human trafficking is prohibited and criminalised by law4.
Our business is providing professional advice, regarded as a low risk sector. In providing our services, we rely on a stable, well-trained workforce, the majority of whom have professional qualifications and are members of professional bodies. All our employees have formal employment contracts, which they can terminate. They are all paid at least the national living wage as well as receiving other fixed and flexible benefits. We are also a regulated business and are subject to substantial independent oversight. We are satisfied that the risk of slavery or human trafficking occurring in our own business is low.
We have again reviewed our major external suppliers5, with a view to obtaining confirmation as to their continuing commitment to compliance with tackling modern slavery. We reviewed the published slavery and human trafficking statements of those major suppliers that had produced one. We also wrote to those major suppliers for whom we had not identified such a published statement, seeking specific confirmation of their continuing commitment not to engage in practices that could amount to modern slavery. Just under 90% of our major external suppliers either had such a statement or provided such confirmation. The 2021 major supplier review has provided a significant degree of comfort that the risk of modern slavery occurring in RSM UK’s supply chain remains low.
We continue to assess the risk of slavery and human trafficking in our own business and our supply chain and will publish a further statement following the current financial year (ending 31 March 2022).
In particular, during the current financial year we:
- have updated our modern slavery training, which now has greater prominence and detail. It now expressly covers the ILO indicators of forced labour; and
- will create a supplier code of conduct, to be implemented where we believe appropriate. This will set out our expectations of suppliers, including on modern slavery matters.
This group statement constitutes RSM UK’s slavery and human trafficking statement in respect of the financial year ended 31 March 2021. It is made pursuant to s.54(1) of the Modern Slavery Act 2015 and covers the following RSM UK entities which are required to publish statements under the Act:
RSM UK Holdings Limited
Arrandco Investments Limited
RSM Corporate Finance LLP
RSM Tax and Advisory Services LLP
RSM UK Audit LLP
RSM UK Group LLP
RSM UK Management Limited
RSM UK Tax and Accounting Limited
This statement has been approved by the Board of RSM UK Holdings Limited, the ultimate holding company of RSM UK, on 26 August 2021 and the original has been signed by a director, Andrew Westbrook, on 27 September 2021.
1 ‘We’ and ‘our’ in this statement refers to the UK group of companies and limited liability partnerships trading as RSM. This statement is made by RSM UK Holdings Limited, our ultimate holding company, on behalf of itself and its subsidiaries.
2 RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises in its own right. The RSM network is not itself a separate legal entity of any description in any jurisdiction. The RSM network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 50 Cannon Street, London, EC4N 6JJ.
3 When we say ‘people’ in this statement we generally mean our partners and consultants as well as our employees. Note that a few consultants may not have access to RSM systems and so may not, for example, receive all the training the rest of our people receive.
5 This means those suppliers outside the RSM UK group or RSM international network with whom we spent at least £100,000 during the financial year to 31 March 2021 (disregarding UK regulatory and other UK public bodies), to the extent we continued to have a relationship with them at the time of the review.