30 June 2023
Modern Slavery Statement
Introduction
This Modern Slavery Statement sets out the actions and commitment of FAIRLINE in addressing the risks of modern slavery and human trafficking within its operations and supply chains.
We are dedicated to acting ethically and responsibly in all aspects of our business and are committed to preventing any form of modern slavery or human trafficking.
OUR BUSINESS
FAIRLINE is a leading yacht company based in the United Kingdom. We specialize in the design, construction, and maintenance of luxury yachts. We recognize that our business operations have the potential to impact human rights, and we acknowledge our responsibility to promote fair and ethical practices throughout our supply chains.
Our headquarters and manufacturing plants are located in Oundle, UK. We have over 500 employees and sell to more than 45 authorised dealers worldwide.
For more information, please visit https://fairline.com/
OUR SUPPLY CHAIN
Our supply chain includes part manufacturers and resellers in respect of our core business. As such, our supply chain is largely consisting of vendors who provide us with manufactured goods that form part of our motor yachts.
OUR POLICIES ON SLAVERY AND HUMAN TRAFFICKING
We have implemented a zero-tolerance approach towards modern slavery and human trafficking. We are committed to ensuring that all individuals working within or for our organization are treated with dignity, respect, and fairness. We have developed the following policies to support this commitment:
- Anti-slavery Policy;
- Code of Business Conduct;
- Supplier Code of Conduct;
- Anti-corruption Policy; and
- Whistleblowing Policy.
Due diligence processes for slavery and human trafficking
As part of our initiative to identify and mitigate risk, we have implemented a compliance working group comprised of representatives of each department of the organisation to ensure accountability and awareness. We are implementing a vendor due diligence and management processes to ensure compliance with our policies and regulations. We plan to implement a process to monitor potential risk areas in our supply chains. We have processes in place to protect whistleblowers.
Supplier adherence to our values and ethics
We have zero tolerance to slavery and human trafficking. We reserve the right to audit our suppliers and contractors to verify their compliance with our policies and standards. Where non-compliance is identified, we work closely with suppliers to implement corrective actions and improve their practices.
Training
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we are implementing training and awareness programs to our employees to ensure they understand the risks of modern slavery and human trafficking and can identify and report any concerns. We also encourage our suppliers to provide similar training to their employees.
Our effectiveness in combating slavery and human trafficking
We started using the following systems to ensure effective implementation of the programme:
- Compliance: Embed the programme within the remittance of the Compliance Working Group (CWG).
- Vetting procedures: To include in our vendor vetting process ethical labour practices and adherence to code of ethics.
- Supplier screening: The use of credit scoring and compliance monitoring solutions.
- Training: The number or percentage of staff trained.
We are committed to continuously reviewing and improving our practices to combat modern slavery and human trafficking. We regularly assess the effectiveness of our policies, procedures, and training programs and make necessary adjustments to ensure compliance with applicable laws and regulations.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 2022.
