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in accordance with section 54 of the Modern Slavery Act 2015 of the United Kingdom for the financial year commencing on 1 April 2024.
This Statement has been made by Albourne Partners Limited (“APL”) and approved by its Board of Directors.
The Statement appears on the website of APL.
APL and its wholly-owned subsidiaries around the world (together “Albourne”) carry on business as independent, non-discretionary financial advisers to professional clients on alternative investments.
In the course of those businesses, Albourne purchases goods and services from a variety of suppliers, including those associated with the property and buildings it occupies, the administration of its affairs (including office supplies, IT equipment and software), data and business intelligence, travel, hotel accommodation and client and staff events. Albourne’s general policy with respect to suppliers is to deal with reputable, well-established organisations.
Albourne’s policy in relation to modern slavery and human trafficking is to avoid them entirely in the case of its own businesses and, in the case of its suppliers, to take reasonable steps to satisfy itself that they are not present in the supply chain prior to Albourne. Should there be indications that a supplier might be involved in such practices, Albourne would urge that supplier to desist from them and would cease to make purchases from that supplier until satisfied that it had permanently done so.
Albourne considers that there is no risk of modern slavery and human trafficking taking place in its own business and that such risk in its supply chain is low.
In the financial year ending on 31 March 2024, Albourne continues to be certified to ISO 27001 and to operate a vendor due diligence process, part of which seeks information from suppliers regarding the steps that those suppliers take to eliminate slavery and human trafficking taking place in their own business and confirm the risk of such matters occurring in their supply chain.
Albourne believes that those steps are or will be as effective as can reasonably be expected, having regard to the extent to which information is available to Albourne. It measures this effectiveness by reference to the sufficiency of publicly available information and supplier responses to Albourne enquiries.
It provides training to its staff through making available its Group Policy on Modern Slavery and Human Trafficking.