Paul Smith Modern Slavery Statement
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Paul Smith Limited’s slavery and human trafficking statement for the financial year ending 30 June 2019.
At Paul Smith we are absolutely committed to preventing slavery and human trafficking in our corporate activities, and to ensuring that our supply chains are free from slavery and human trafficking.
Founded in the 1970’s, Paul Smith is a global business designing & selling high quality clothing, shoe and accessory collections for men and women in six continents. We also license others to produce and sell eyewear, fragrance, children’s clothing and interior products and in Japan license the production and sale of men’s and women’s clothing.
Our distribution methods remain the same as in previous years; we sell our products through three main channels; our own shops and website, wholesale both in store and on line and licenced partners. From time to time we also expand our offer through a range of product collaboration projects.
Paul Smith Group Holdings Limited is the ultimate parent company of the global Paul Smith group, including Paul Smith Holdings Limited and our main UK trading company, Paul Smith Limited. Our registered office is at The Poplars, Lenton Lane, Nottingham, NG7 2PW, England.
The Paul Smith group has over 1,200 permanent employees worldwide. We have thorough recruitment practices in which we check all our employees’ eligibility to work and we are confident that there is no risk of slavery and human trafficking within our group.
Our Supply Chains
Our product supply chain remains stable and we continue to source our fabrics and components from circa 350 suppliers with the majority located in Italy and engage circa 300 factories to manufacture our products, over half of which located in Europe.
We also contract with suppliers for a broad spectrum of goods and services which are important to our business operations but which do not feed into our product production, such as information technology, shop fittings, till systems, logistics.
At Paul Smith we are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business and we have zero tolerance to any such practices.
All factories and millwe work with are required to adhere to ethical working practices, which include but are not limited to complying with key principles of ensuring that: employment is freely chosen and that freedom of association and other workers’ rights are respected; the required standards of working conditions are met and the conditions will be safe and hygienic; workers’ hours are not excessive and that regular employment is provided; there is no use of child labour; and that no discrimination or harsh or inhumane treatment will be practiced or allowed in their organisation.
Update from Previous Year
Following on from our statement in the previous year we can confirm that:
? The expansion of our compliance requirements has continued and we are now including not only the factories and mills that we work with but also suppliers of our trims and components. This also helps us to continually reinforce our desire to ensure a high awareness if the risks of modern slavery and human trafficking.
? We continue to monitor the processes we have put in place to date to evaluate their effectiveness and our register of Self-Assessment Audits is monitored on a regular basis.
? We have now identified additional training for relevant staff and intend to roll that out during our next financial year.
? We are continuing to include causes to specifically address the Modern Slavery Act 2015 in any relevant contracts with 3rd parties that have been renewed during this financial year.
? Any new contracts with 3rd parties will include, if appropriate, requirements to comply with the Modern Slavery Act 2015.
? Develop a specific policy for the suppliers in our product supply chain governing the recruitment and employment by them of migrant workers. Whilst we have in place policies covering ethical working practices we feel that this specific issue would benefit from an individual policy. This new policy particularly captures the Employer Pays Principle.
? Continue to update our register of Self-Assessment Audits and monitor accordingly.
? Continue to monitor the processes we have put in place to date to evaluate their effectiveness.
? Put in place the additional training programme that we have now identified.
During this financial year ending June 2019 we have not uncovered any incidents or indicators of modern slavery in our supply chain.
This statement covers Paul Smith Group Holdings Limited, Paul Smith (Holdings) Limited and Paul Smith Limited and has been approved by each company’s board of directors on 14th August 2019.