Overview and Scope
This policy is created by Valeo UK Ltd to demonstrate our commitment to preventing slavery (including forced, bonded and servitude) in our business activities. This statement is produced in-line with the requirements of Section 54 of the Modern Slavery Act 2015. Valeo are also signatories of the UN Global Compact, supporting principles with respect to human rights, labour, environment and anti-corruption - Valeo is fully supportive of this legislation.
We have taken steps and adopted procedures that contribute to ensuring modern slavery does not occur in our business or supply chains and we expect organisations whom we work with to adopt and enforce policies to comply with the legislation. This working collaboration is fully integrated within our core business values and is represented by ‘Supplier Integration’ within our Corporate Methodologies - The 5 Axes
Structure and Supply Chains
Valeo is an Original Equipment automotive supplier and partner to all automakers worldwide. As a technology company, we design innovative solutions for smart mobility, with a particular focus on intuitive driving and reducing CO2 emissions.
Valeo employs 113,600 people across 33 countries in 186 productions sites, 59 R & D centres and 15 Distribution platforms.
Valeo Group has a number of group companies operating in the UK, including Valeo UK Ltd, Valeo Management Services UK Ltd, Valeo Service UK Ltd and Valeo Engine Cooling UK Ltd. (“Valeo UK").
Related Procedures & Policies
- A committed member of the sustainable development values of the United Nations Global Compact , we uphold the universal principles of Human Rights, labor, environment and anticorruption.
- Our values and commitment to the highest business standards are reflected in the Valeo Code of Ethics, which outlines the policies, ethical principles and laws to which Valeo adheres to.
- Our employees are expected to conduct themselves in-line with the Valeo Code of Ethics and also follow their employment terms and conditions.
- Valeo is committed to ensuring that working conditions are fair and reasonable for all employees. This includes income, security, social integration, development prospects, freedom of expression and equality. Our Corporate Social Responsibility (CSR) policy highlights these commitments.
- Our policy forbids the use of forced / compulsory labour and child labour through strict application of the ILO Convention .
- Suppliers of Valeo must meet the minimum criteria related to ethics, integrity and sustainable development requirements detailed in the Valeo Business Partner Code of Conduct (BPCC). Therefore, Valeo suppliers are required to sign the BPCC and distribute it within their company (or companies) to all employees potentially assigned to a project or mission for Valeo. This is to demonstrate and develop awareness throughout their teams and specifically the awareness of employees effectively supporting Valeo. There is a focus on topics such as anti competitive practices and risks of bribery.
- Local policies include ensuring that the relevant ‘Right to work’ checks have been carried out on all direct employees prior to work. In addition, we monitor our external temporary staffing agencies for compliance with the above UK worker eligibility.
- Dedicated, readily accessible and anonymous communication methods for concerns and ‘ whistleblowing ’ in regards to Corporate Compliance.
Our approach to Due Diligence, Risk, Governance & Training
We recognise the challenges global organisations face in effectively managing modern slavery risks within a complex and multi-tiered supply chain. The Company undertakes due diligence when considering taking on new suppliers, and regularly reviews its existing suppliers.
The Company’s due diligence process includes building long-standing relationships with suppliers and making clear our expectations of business partners and evaluating the modern slavery and human trafficking risks of each new supplier. This includes the nomination of ‘Compliance Champions’ within our organisation(s).
Accountability for the steps Valeo is taking and its approach to tackling modern slavery as well as the publishing of this statement sits with our Executive Board.
The preparation, progress and assessment of the Group’s consolidated actions are monitored by our Executive Audit & Risk Committee. The work, direction and effectiveness of our organisation with respect to modern slavery is led by our Ethics and Compliance Office, with support from the Operational Committee and other relevant teams relating to Corporate and Social Responsibility and Procurement.
All employees directly involved in Supply Chain Management or procurement and sourcing for Valeo, are required to complete training that has been specifically designed to provide relevant information to sourcing professionals. This is refined annually and updated to reflect the ever changing markets and dynamics.
Over the course of the next financial year we aim to enhance our existing procedures to help us identify, prevent and mitigate any risks of modern slavery or human trafficking in relation to new and existing suppliers.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Valeo UK’s slavery and human trafficking statement for the financial year ending December 2018. This statement has been approved and authorised by:
Name: Andrew Swann
Position: Managing Director (Valeo Service UK Ltd)
Date: 23 rd January 2019