RSM UK is committed to social and environmental responsibility and to the fair and humane treatment of people in its employment and in its supply chains. This statement sets out the steps that RSM UK has taken during the financial year ended 31 March 2016 to ensure that slavery and human trafficking are not taking place in any of its supply chains or in any part of its own business. This is the first such statement that RSM UK has made.
Organisational structure and supply chains
RSM UK1 is a leading provider of audit, tax and consulting services throughout the UK and is a member of the RSM network2. As a supplier of professional services RSM UK’s supply chain is very limited. Our supply chain includes for example provision of consumables, archiving and hotel suppliers.
RSM UK is committed to working ethically and with integrity in all our business relationships. Respect for others and acting with integrity are two of the firm’s key values that staff are expected to adhere to. RSM’s whistleblowing policy expressly refers to slavery and human trafficking and effective systems are in place designed to make it easy for workers to make disclosures without fear of retaliation and to make clear the process to be used should they have any concerns. Staff members are expected to report any concerns about slavery or human trafficking to management.
Risk assessment and due diligence process
In respect of the financial year to 31 March 2016, RSM UK has conducted an assessment of the risks of slavery and human trafficking, including country risks, sector risks and business partnership risks. The risk assessment consisted of two parts: analysis of RSM UK’s supply chain and RSM UK’s own business.
RSM UK conducts business in the UK which is a low risk jurisdiction where slavery and human trafficking is prohibited and criminalised by law3.
RSM UK’s procurement team has contacted its national suppliers of goods and services in the financial year to gain comfort over the extent to which they ensure that slavery and human trafficking is not taking place in their businesses. RSM UK is satisfied from the responses received and the other risk factors considered that the risk of slavery or human trafficking occurring in its supply chain is low.
RSM UK’s own business is the provision of professional advice which is regarded as a low risk sector. To provide its services to clients, RSM UK relies on a stable, well-educated workforce, the majority of whom have professional qualifications and are members of professional bodies. All employees are engaged on written terms which comply with UK law, have a right to terminate their contract of employment and are paid at least the National Living Wage as well as receiving other fixed and flexible benefits. RSM UK is also subject to a high degree of sector-specific regulatory and other independent oversight. RSM UK is satisfied that the risk of slavery or human trafficking occurring in its own business is low.
Throughout the 2016/17 financial year, RSM UK is continuing to assess the risk of slavery and human trafficking in its supply chain and own business and will publish a further statement following the financial year ending 31 March 2017.
This statement is made pursuant to s.54 (1) of the Modern Slavery Act 2015 and constitutes RSM UK’s Slavery and Human Trafficking statement for the financial year to 31 March 2016. It has been approved and authorised by David Gwilliam, Director for and on behalf of RSM UK Holdings Ltd.
1 RSM UK means the UK group of companies and limited liability partnerships trading as RSM. This statement is made by RSM UK Holdings Limited, the ultimate holding company of RSM UK, 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 each of 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.