We are committed to improving our practices to combat modern slavery in our business by taking steps, as far as we are able, to ensure that our supply chains are free from slavery and human trafficking. This statement sets out the steps we have taken in 2023/2024 to understand potential modern slavery risks within our business structure and supply chain, as well as the steps taken to eradicate these risks.
About us
Aspire Payments Limited is a company registered in England under the company registration number 09609407. The company is registered with the Financial Conduct Authority (FCA) as a Small Electronic Money Institution to issue electronic money (e-money) and provide payment services under the Electronic Money Regulations 2011 with Firm reference number 900883.
Our annual turnover is under £36 million. Although we are not required to make a modern slavery statement under section 54 of the Modern Slavery Act 2015, we are making this voluntary statement to show our commitment to ethical trading principles and to set out the steps we are taking to identify risks and tackle modern slavery and human trafficking in our business and in our supply chains.
Policies
Our Anti-slavery 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 supply chains.
Due diligence and risk assessment
We vet suppliers and sub-contractors to ensure that they are committed to ethical labour practices. We include anti-slavery and human tracking provisions in all our contracts with suppliers.
Effectiveness in combating slavery and human trafficking
We use the following key performance indicators (KPIs) to measure how effective we have been at ensuring that slavery and human trafficking is not taking place in any part of our business or supply chains:
· The percentage of suppliers and sub-contractors vetted for ethical labour practices.
· The number of reported breaches in the past year.
· Percentage of staff receiving training on identifying and addressing the risk of slavery and human trafficking in our business and supply chains.
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 provide training to our staff. We also expect our business partners to provide training to their staff and suppliers and providers.