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This statement outlines the steps taken by Nationwide Building Society during the financial year to mitigate the risk of slavery and human trafficking. It details the company\'s commitment, progress
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How to fill out uk modern slavery act

01
Read the UK Modern Slavery Act 2015 to understand its requirements.
02
Identify the type of business you operate and whether it falls under the definition of a 'modern slavery statement' required entity.
03
Gather data on your organization’s supply chains, including suppliers and their practices concerning labor standards.
04
Assess potential risks of modern slavery in your business operations and supply chains.
05
Develop a transparent and comprehensive modern slavery statement that outlines policies, procedures, and steps you will take to prevent modern slavery.
06
Include specific information regarding the policies in place, due diligence processes, and training provided to staff.
07
Ensure the statement is approved by your board and published on your website or made available to stakeholders.
08
Update the statement annually and monitor its effectiveness in combating modern slavery.

Who needs uk modern slavery act?

01
Businesses and organizations with an annual turnover of £36 million or more.
02
Any organization operating in the UK regardless of where it is basedif affected.
03
Companies that supply goods or services to another organization that meets the above criteria.
04
Public authorities and organizations involved in the procurement of goods and services.
05
Non-profit organizations and charities if they have a significant turnover.
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The UK Modern Slavery Act is a law enacted in 2015 aimed at preventing and combating modern slavery and human trafficking in the UK. It consolidates existing offenses relating to slavery and human trafficking and establishes measures to protect victims.
Companies and organizations with a turnover of £36 million or more are required to file a modern slavery statement under the UK Modern Slavery Act, including British and foreign companies operating in the UK.
To fill out a UK Modern Slavery Statement, organizations should include information about their business, structure, supply chains, policies on modern slavery, due diligence processes, and the steps taken to assess and manage risk in relation to modern slavery.
The purpose of the UK Modern Slavery Act is to combat modern slavery and human trafficking, protect victims, and increase transparency in supply chains by requiring businesses to disclose the measures they take to prevent exploitation.
Organizations must report on their structure, business and supply chain, policies on slavery, due diligence processes, training provided, and the effectiveness of their actions to combat modern slavery in their annual modern slavery statements.
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