This statement is made on behalf of the Group pursuant to section 54 of the Modern Slavery Act 2015 (UK) (the Act) and constitutes our Slavery & Human Trafficking Statement for the financial year ending 30 June 2019
About the Group
The Group is a private family office founded in 2000. It has global reach, with businesses and business activities in Australia, United Kingdom, United States of America and Asia.
Commencing with the investment of family funds, the Group has built the following businesses:
Bennelong Funds Management (“BFM”) is a significant and award-winning funds management business managing personal, partner and public funds across the traditional asset classes of equities, property and private equity;
BennBridge is a subsidiary of BFM and operates a similar funds management business in the UK; and
Crown Golf is the largest owner/operator of golf courses in the United Kingdom.
A core part of the Group’s goal to drive lasting positive change in the community via its philanthropic arm, the Foundation. The Foundation was established in 2002 and is the financial beneficiary of the Group and its associated businesses. Since inception, the Foundation has made in excess of 450 grants to worthy and qualifying community organisations. The Foundation allows the Group’s directors, management and staff to join with the founders to support worthy community causes.
The Group’s suppliers include suppliers of IT and communications, office cleaning and other facilities management services, transport such as airlines and couriers, marketing such as merchandise suppliers and conference providers, office equipment and supplies, and professional services such as auditors, legal counsel, banks, insurers and recruitment agencies.
The Group seeks to do business with suppliers that have similar values, ethics and sustainable business practices, including those related to human rights. The Group recognises that as a large purchaser of goods and services, the business conduct and performance of its suppliers can have a significant impact on its performance and reputation within the communities in which it operates.
The Group understands that the environmental, social and governance (ESG) risks relating to suppliers will vary depending on their industry, geographic location and company size and, therefore, the scope of the Groups suppliers’ policies, processes and systems are expected to reflect their specific ESG risks.
policies and principles
The Group’s vision is to be an active owner of significant businesses, building value through outstanding people, disciplined management, an unwavering commitment to excellence and a strong capital base. The Group’s philanthropic heritage, combined with its core values of honesty, competitiveness, teamwork, prudence, balance, respect, accountability and hard work, underpin all initiatives across the Group.
These Business Values guide our activities and staff across our offices. This means that Group Employees must treat other employees, customers and suppliers and other people with trust, dignity, respect, fairness and equity. The Group does not tolerate any form of Slavery & Human Trafficking in any part of our business or supply chain.
The Group has various policies which assist in managing human rights, including the following:
Corporate Governance Manual;
Code of Conduct;
Risk Management Framework;
Employee Grievance and Resolution Guidelines; and
Induction Program for all new starters in the Group.
The Group takes all reports of any breach of law, regulation or policy very seriously.
As a predominately financial services organisation with a professional workforce, the Group considers the risk of modern slavery within its business operations to be low. In addition, the countries in which the Group sources its goods or services from are not considered high risk countries where modern forms of slavery are prevalent. However, the Group recognises that through its supply chain and customers, it can be indirectly exposed to the risk of modern slavery and human trafficking.
In the 2019 financial year, the Group did not identify any instances of modern slavery or human trafficking associated directly with its operations.
Date: 30 June 2019