Environment, Social and Governance
In accordance with the requirements of the Modern Slavery Act 2015, CapVest Partners LLP makes the following statement.
The Firm is fully committed to operating its business in a way that ensures the utmost respect for human rights and seeks to comply with current social legislation, industry standards and best practice. All investment opportunities pursued by us take such considerations into account, are subject to due diligence and have met our high standards with regards to modern slavery, servitude, and human trafficking concerns.
Specifically, with regards to Section 54 (Transparency in Supply Chains) of the Modern Slavery Act 2015, CapVest commits to follow the UK Home Office’s statutory guidance to ensure best practice is always followed. Furthermore, the Firm continues to monitor guidance from the European Commission following the publication of its Final Report on the Due Diligence Requirements Through the Supply Chain. In both the assessment of potential investment opportunities and in ongoing monitoring of its existing portfolio companies, the Firm uses such guidance to help it in identifying and preventing abuses of human rights, serious bodily injury or health risks, and environmental damage.
We engage with our suppliers in an effort to prevent modern slavery, servitude and human trafficking. The Firm’s supply chains are relatively simple as they are primarily in relation to professional services, IT, office and facilities management. We therefore do not consider that our relationships with suppliers are likely to give rise to risks associated with modern slavery, servitude and human trafficking.
With regards to the supply chains in the Firm’s portfolio companies (which, for the avoidance of doubt, do not form part of our supply chain), the due diligence conducted at the onset of the investment process seeks to identify any areas that could result in abuses under the Modern Slavery Act 2015.
CapVest takes this matter seriously and commits to continually monitor for risk areas in its own supply chain and those of portfolio companies. Any issues that are of concern will be flagged to the Firm’s Compliance team and a full investigation into the matter will be conducted.