Modern Slavery Act Statement
LAST UPDATED/APPROVED: 24 September 2024
INTRODUCTION FROM THE CHIEF EXECUTIVE OF LENDINVEST GROUP
The LendInvest Group takes its social responsibilities seriously and conducts its business with integrity. We are 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 (‘LendInvest’) 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. Together, these entities make up the LendInvest Group.
This statement is made in respect of the financial year ended 31 March 2024 and was approved by LendInvest’s Board of Directors on 24 September 2024.
OUR GROUP’S ORGANISATIONAL STRUCTURE
LendInvest is the United Kingdom-based holding company of the LendInvest Group. On 31 March 2024, we had 202 employees and contractors. LendInvest was listed on the AIM market on 14 July 2021.
OUR BUSINESS
We are a fintech mortgage-provider whose proprietary technology makes it faster and easier for customers to apply for a mortgage. Our technology helps attract diverse sources of funds, offering capital providers exposure to segments of the UK mortgage market.
Our equity story centres around our innovative approach to mortgages utilising technology, data and strategic partnerships to deliver efficient lending 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
OUR COMMITMENT
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
We adopt 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 2024. This statement was approved by LendInvest’s Board of Directors on 24 September 2024 and has been signed on LendInvest’s behalf by the Chief Executive Officer.
Rod Lockhart, Chief Executive Officer
LendInvest plc
24 September 2024