MODERN SLAVERY STATEMENT

 

The Nü Savings Group ('NSG') published this, our first Modern Slavery Statement on 28th May 2021. Over the last few years starting with NSG International Limited, we have been learning and increasing our knowledge on Modern Slavery, deepening our understanding of risk, and adapting our internal policies and procedures to effectively manage identified risks.

 

Global Modern Slavery is considered an ever-increasing concern, we share this concern and are committed to doing everything we can to make sure that slavery does not manifest in our complex supply chains, partnerships, or relationships we other third parties.

Our understanding of slavery and human trafficking is based on the definitions set out in the Modern Slavery Act 2015 (‘the Act’).  The definition of which is this act encompasses slavery, servitude, forced and compulsory labor, bonded and child labor, and human trafficking. Victims of Modern Slavery are persons who have been taken by force or through fear of coercion, to work for little or no money. Sometimes victims are sexually exploited, forced to commit crimes, or given threats their families will be murdered; if they should refuse to co-operate. 

 

IMMEDIATE HELP

 

If you are a victim or know somebody who might be, visit antislavery.org and modernslavery.co.uk or to seek help or report concerns call the helpline 0800 0121 700

 

 

NSG's STRUCTURE, BUSINESS & SUPPLY CHAIN 

 

NSG is an International Management Consultancy that is focused primarily on procurement (i.e. utilities). We also provide Merchant Services, Office Services, and future applications of other products and services in the provision of client solutions.

 

Geopolitics and trends like sustainability and climate protection; digitalization and technological innovation, are fundamentally altering the procurement landscape.  NSG's core businesses reflect this and the increasing demand for client-orientated policies. 

 

Value-enhancing procurement of goods and services is an important requirement of the success of NSG's business.  In all NSG's procurement processes NSG requires human rights to be respected and environmental standards to be maintained throughout the entire supply chain.  To this end, NSG has introduced various policies and management processes.

 

NSG's APPROACH TO SLAVERY & HUMAN TRAFFICKING  

 

NSG has a commitment to act ethically and responsibly in all its business relationships and has zero tolerance of slavery and human trafficking in any part of its business operations or supply chain.  NSG supports and is committed to upholding the UN Guiding Principles on Business and Human Rights and the core labor standards set out by the International Labour Organisation (ILO).  NSG has a wide range of internal policies, standards, and processes in place groupwide to assist in tackling slavery and human trafficking, including:

1. NSG Code of Conduct and NSG ’s Human Rights Policy Statement;

2. NSG TPI Supplier Code of Conduct, with standards regarding Human Rights, working conditions, environmental protection, and ethical business practices that NSG requires its suppliers to meet;

3. Defined and monitored onboarding and qualification processes of new third party companies before NSG engages in business with them;

4. NSG undertakes frequent evaluations of company interactions, not limited to strategic orders, upon fulfillment of contracts;

5. Whistleblowing email to enable third parties to report possible violations of the law or of company guidelines or policies.

 

APPROVAL FOR THIS STATEMENT

 

This statement was approved by the Board of Directors on 26th May 2021. Updated 2nd June 2021.

 

Our Modern Slavery Statement