This statement is made in accordance with section 54(1) of the UK Modern Slavery Act 2015 and sets out the steps that Folli Follie Commercial Manufacturing and Technical Société Anonyme and its Group of Companies (“FF Group”) has taken and is continuing to take to prevent modern slavery or human trafficking from taking place within its business and supply chains.
FF Group recognizes the importance of combating slavery, servitude, forced labour and human trafficking (“Modern Slavery”), a growing issue that affects communities and individuals across the globe. FF Group has a zero tolerance approach to all forms of Modern Slavery within our operations and supply chain and we are aware that no sector can be considered immune.
We are committed to acting with integrity and transparency in this sensitive matter and we are conscious of our responsibility be alert to any risks within our business and to our wider supply chain.
Due to the diverse nature of our business, our supply chain for the various different business sectors listed above includes both our own production units (as regards the jewellery and watches industry), as well as hundreds of third-party product suppliers and service providers globally that vary both in terms of size and amount spent with them.
Our strong opposition to Modern Slavery and our commitment to acting ethically and with integrity in all our business dealings is reflected to our global policies that aim to eliminate, as far as possible, the risk of Modern Slavery in any part of our business or our supply chains.
Everyone working for or on behalf of FF Group, including directors, officers, employees, consultants, agents, suppliers and contractors must adhere to our Group’s ethical business policies. One of the cornerstones of such policies is the protection of workers from being abused and exploited, either within FF Group itself or within its global supply chains.
Our employees and officers have the right and obligation to report potential violations, which include circumstances that may give rise to an enhanced risk of Modern Slavery incidents or practices, by contacting the representatives in the Human Resources or Legal Department of the appropriate entity within our Group. These reports can be made either in person or by phone or e-mail, including anonymously.
We understand that our biggest exposure to Modern Slavery is in our product supply chains, where we are actively taking initiatives to identify and mitigate the relevant risks. In this context, new suppliers and factories are subject to due diligence checks in various forms, including on-site inspections. Our existing suppliers and factories and also being regularly reviewed.
We are also implementing policies to:
§ Identify and assess potential risk areas in our supply chains.
§ Mitigate the risk of Modern Slavery in
our supply chains, through the aforementioned due diligence process, as well as
our contracts which will, going forward, give us the ability to monitor our supply
chains and potential risk areas.
Focused training shall be provided to appropriate recipients, including procurement, finance and legal teams, so that they understand the signs of Modern Slavery and what to do if they suspect that it is taking place within our supply chain.
Assessment of Effectiveness
No reports have been received from employees, the public or law enforcement agencies to indicate that Modern Slavery practices have been identified within our business.
Nevertheless, we are aware that Modern Slavery risk is a growing and evolving issue. We will therefore continue to work on our approach to mitigating this risk in the year ahead. In order to assess the effectiveness of the measures taken, we will be reviewing the following key performance indicators:
§ staff training levels;
§ actions taken to strengthen supply chain auditing and verification; and
§ steps taken to upskill any high-risk suppliers and assessing their ability to detect and mitigate Modern Slavery risk in supply chains.
Approval for this statement
This statement was approved by the Board of Directors on April 7th, 2017.
CEO, Folli Follie Commercial Manufacturing and Technical Société Anonyme