Modern Slavery Act Statement
LAST UPDATED: 8 September 2022
Introduction From The Chief Executive Of Lendinvest Group
The LendInvest group of companies takes its social responsibilities seriously and conducts its business with integrity. We are therefore committed to ensuring that slavery and human trafficking are not present in our business or within any part of our supply chain and we operate a zero-tolerance policy in this regard.
This statement is made by LendInvest plc (‘the Company’) in respect of itself and all of its subsidiary undertakings (as defined in the Companies Act 2006) and all principles are equally applicable to our overseas business operating in Luxembourg. It is made in respect of the financial year ended 31 March 2022.
This statement was approved by the Board of Directors of the Company on 8 September 2022.
Our Group’s organisational structure
LendInvest plc is the United Kingdom-based holding company of a group of companies involved in asset management for property finance. The Group is made up of the Company and its wholly owned subsidiaries and entities.
The Company has 223 employees and was listed on the AIM market on 14 July 2021.
Since inception we have lent more than £4 billion in mortgage finance and have helped to put thousands of new and improved homes into the UK housing market. In that time we’ve built a truly international capital base. Today, our funders and investors include pension funds, insurers and global institutions including HSBC, J.P. Morgan, Citigroup and National Australia Bank.
Our technology-led, disruptive business model provides investors with the opportunity to invest in high-quality property finance assets to earn attractive risk-adjusted returns, while providing borrowers with tailored, convenient and competitively priced property finance solutions.
Our Supply Chains
We procure a wide range of goods and services from a variety of suppliers. The majority of our material procurement is focussed on services, including but not limited to the following:
- Introducers and brokers
- Fund managers and administrators
- Account servicing providers
- IT services providers
- Legal services providers
- Marketing and advertising providers
LendInvest is committed to acting ethically and with integrity in all our business practices and relationships and to implementing and enforcing effective systems and controls to ensure there is no modern slavery or human trafficking in any part of our business, including our supply chain.
We will only work with companies which are committed to: respecting the human rights of their workers; maintaining safe and healthy working conditions for their employees and contractors; treating their employees fairly; upholding the right to freedom of association and collective bargaining; and respecting the health, safety, and wellbeing of those impacted by their business activities. We have chosen suppliers that operate under recognised ethical codes of conduct and we only work with companies that commit to complying with applicable laws and regulations.
Due diligence processes for slavery and human trafficking
The Group adopts a risk-based approach to the assessment of our business and supply chain, which involves taking geographical, industry and market factors into account in order to identify categories of supply that may present a higher risk of modern slavery being present.
As part of our initiative to identify and mitigate risk, we have undertaken, or are in the process of undertaking the following actions:
- building the assessment of slavery and trafficking risk into our supplier sourcing, due diligence and on-boarding programmes;
- reviewing and assessing existing suppliers, and in particular their sourcing policies in key risk areas;
- monitoring potential risk areas in our supply chains;
- protecting whistleblowers.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group’s slavery and human trafficking statement for the financial year ended 31 March 2022. This statement was approved by the Board of the Company at a meeting of directors on 8 September 2022 and has been signed on its behalf by the Chief Executive Officer.
Rod Lockhart, Chief Executive Officer
29 September 2022