Modern Slavery Act
RBS recognises its responsibility to respect and uphold human rights, and we welcome new legislation – the Modern Slavery Act 2015 – to combat slavery and human trafficking.
RBS is obliged to produce a public statement under this Act for the reporting year 2016. Ahead of this publication, we wish to outline the steps RBS is already taking to protect people and ensure there are no forms of modern slavery in our business and supply chain.
In reviewing our compliance with the Modern Slavery Act, we are conscious of the people who lie at the heart of this legislation: the victims and potential victims of slavery and human trafficking. We want to take a human rights approach to understand the impacts of our operations and supply chain on people, in order to eradicate and prevent any forms of slavery, and address any issues when they arise.
Our approach to addressing the Modern Slavery Act has been to consider all the potential impacts of our business and supply chains on people and identify where risks of modern slavery exist. Where we think risks may exist, we want to ensure our employees, our suppliers and our customers are aware of them and can address them.
- Reviewing our policy framework, to ensure it meets Modern Slavery Act requirements;
- Identifying and addressing high risks within our business and supply chain; and
- Providing bespoke training and raising awareness.
We are setting out our approach now ahead of our first annual statement as an opportunity to listen to our external stakeholders about what we are doing, and what else we need to do.