In 2021, an estimated 50 million people were living in situations of modern slavery, and we know it occurs in every country in the world. We also recognise that the risk of modern slavery may be further heightened given the continuation of the cost-of-living crisis which is exerting financial pressure on supply chains and the labour market. We are concerned and appalled that the number of people affected continues to rise, and we fully recognise that as an international company operating in the financial sector, we play an important role in contributing to the end of modern slavery globally.
With these challenges in mind, we remain fully committed to respecting human rights and tackling modern slavery and human trafficking risks in our supply chains and in all parts of our business. Click here to read Beazley’s full Modern Slavery Act Statement.