Modern slavery policy

Modern slavery policy

Modern slavery and human trafficking policy and awareness training

Ricardo plc is committed to meeting its obligations as a leading supplier to its clients including those obligations in respect of Modern Slavery, Human Trafficking and Child Labour as laid out in the UK Modern Slavery Act 2015. The Group does not tolerate Modern Slavery, Human Trafficking or Child Labour practices within any of its businesses or in any part of its supply chain.

The Group's activities and business models are described in the Strategic Report within the most recent Report and Accounts.

The Company and its Business Units consider that they operate with a low risk of these activities for the following reasons:

  • The largest cost in the business is the cost of our own employees, where we have clearly defined values and policies to respect all staff, act with integrity and treat them fairly as summarised in our Code of Conduct
  • We have few employees in higher risk countries, the majority of our employees being in very low risk countries
  • The countries where we purchase materials are largely low risk, where there is a medium risk, we assess risk and make selected enquiries as part of our supplier quality assurances processes
  • The countries where we purchase services are largely those where we operate and include things such as utilities where we have limited control over the supplier selection and property leases
  • For production purchasing (Performance Products segment) we have established supplier quality assurance processes which include risk-based site visits to our suppliers

The Group has Modern Slavery and Human Trafficking related training for key staff. All employees are asked to undertake Code of Conduct training annually.

Our KPI is based on identification of material concerns or material breaches of policy. There were no material concerns identified or reported material breaches of policy in FY20/21.

The statement and the risks will be reviewed annually in the light of good practice, operating experience and current risk profile.

Dave Shemmans

Dave Shemmans (Chief Executive Officer)
14 September 2021

Previous statements can be found here:

2016 Modern Slavery Statement
2017 Modern Slavery Statement
2018 Modern Slavery Statement
2019 Modern Slavery Statement
2020 Modern Slavery Statement