Modern slavery and human trafficking statement

Introduction

As a charitable provider of social housing, we hold as a core value the importance of conducting business in an ethical way. This is reflected in our strategic plans and policies and is supported by Stonewater’s code of conduct for board members and staff. We have zero tolerance to any behaviour that undermines our regulatory and legal obligations and are committed to improving our practices to combat slavery and human trafficking.

Stonewater's structure

Stonewater is a social housing provider that provides good quality, affordable housing to people whose needs are not met on the open market. Our values are built around being ethical, ambitious, passionate, agile and commercial.

We are made up of several member companies. The parent company is Stonewater Limited and the group also includes Stonewater (2) Limited, Stonewater (3) Limited, Stonewater (4) Limited, Stonewater (5) Limited, Stonewater Commercial Limited, Stonewater Funding plc and Stonewater Procurement Limited. We have over 600 employees and operate in England, where our head office is also situated.

The Group has a global annual turnover of in excess of £36 million. Further details on our structure can be found at https://www.stonewater.org/about-us/stonewater-companies/

Our Supply Chains

Our supply chains include building contractors and asset maintenance contractors, as well as suppliers of goods and services to our central office functions. Through our procurement procedures we seek to appoint contractors, consultants and suppliers whose values align with our own and who operate according to the same high ethical standards.

Our selection criteria take account of both quality and price. We seek to award each contract at a price that will allow fair wages and deter human trafficking and the use of child labour.

Our policies

We value people and are committed to doing the right thing. This is reflected in our procurement and staff recruitment arrangements and is supported through our governance policies. These include commitments to equality & diversity, health & safety and to integrity in our business relationships. We encourage staff to report any suspicions of malpractice; this is documented in our whistle blowing policy and supporting procedures.

Due diligence processes for slavery and human trafficking

We are working to mitigate the risk of slavery and human trafficking occurring in our supply chains, through both our procurement processes and the ongoing contract management arrangements. Our standard contractual terms and conditions are under review to include a requirement for contractors and suppliers to confirm the action they are taking to eliminate slavery and human trafficking it their supply chains.

During 2016/17 we will review our systems for identifying and assessing potential risk areas in our supply chains. We will also review the guidance provided to staff to help detect any incidences of slavery and human trafficking and will update our Whistle-blowing policy to include explicit reference to slavery and human trafficking.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group's slavery and human trafficking statement for the financial year ending 31 March 2016.






Chair

Stonewater Limited

Date: 23 August 2016