Modern Slavery Act 2015 Statement 

 

Introduction

This statement is made on behalf of Gerald International Limited and its other UK subsidiaries, including Gerald UK Limited.  This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the Group’s slavery and human trafficking statement.

 

Our Business

Gerald is a physical commodities trading group which operates across the globe, with our core business including the sourcing, supplying and transporting of physical commodities. 

 

Our Policy

We have a zero tolerance policy when it comes to modern slavery and human trafficking. We are opposed to all forms of modern slavery in whatever form and are committed to contributing to the combatting of it in whichever way we can. We expect all of the suppliers, consumers, counterparties, vendors and partners that we work with and whom we have business relationships with to behave in a way that is consistent with this principle. 

 

Modern slavery is a criminal offence under the Modern Slavery Act 2015 and can take many forms, including child or forced or compulsory labour and human trafficking. Modern slavery occurs when a person is under control of another person, who applies violence and / or force to maintain that control, and the goal of that control is exploitation. We expect all those with whom we have a business relationship to familiarise themselves with our policy and to act at all times in a way that is consistent with this position.

 

Supply Chain Adherence and Implementation 

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our business and in our supply chains.

 

We carry out due diligence on all of our potential and existing business investments, relationships and business partners, suppliers and consumers to protect against and mitigate the risk of slavery and human trafficking

 

All of our employees are required to ensure that they are familiar with and comply with Gerald’s position on modern slavery and human trafficking. Employees should be vigilant and aware in their dealings with suppliers and consumers and if there are any concerns or indications that there is any potential modern slavery, human trafficking or other human rights violations they should notify the compliance team immediately and before proceeding or continuing with any business activity.