Baringa UK Modern Slavery Statement
At Baringa, we are committed to upholding human rights through the way we operate. We are also dedicated to improving our practices to ensure we are effectively combatting slavery and human trafficking from occurring within our business and our supply chain.
This Statement summarises the actions we have taken to address these risks during the Financial Year from 1 April 2024 to 31 March 2025. It covers:
- Our organization and governance structure in relation to modern slavery risks;
- How we manage modern slavery risks in our operations and supply chain;
- Our progress in managing modern slavery risks; and
- Our future intentions and commitments.
Organisation Structure
We are a provider of management consultancy services to clients in a wide variety of industries and market sectors, including energy, finance, telecommunications, pharmaceutical, consumer products, retail and government. Our head office is in London, United Kingdom and we have offices in Ireland, Germany, Belgium, Switzerland, Norway, Denmark, Bulgaria, Spain, the Netherlands, the United States, Australia, Singapore and Malaysia. We have over 2,000 employees and operate worldwide. We have a global annual turnover of over £400 million.
No modern slavery allegations, infringements, violations were identified this year in our operations or supply chains.
Governance
Oversight and management of modern slavery risks are embedded in our governance structure as follows:
Managing Partner: responsible for approving the UK Modern Slavery Statement made by the firm on behalf of the Partners.
Risk Executive: responsible for oversight, review and challenge of the Modern Slavery Programme.
Legal & Business Integrity function: accountable for modern slavery risk management relating to our business.
Baringa’s Modern Slavery Programme
We seek to effectively manage modern slavery risks in our operations and supply chains through the execution of our Modern Slavery Programme, which contains the following:
- Policies: these include Baringa’s global Modern Slavery Policy, our global Code of Business Conduct, and jurisdictional Employee Handbooks
- Recruitment: Baringa has robust and established procedures surrounding recruitment of Partners and employees
- Employment: Baringa has strong and effective controls to protect employees, including written contracts (adhering to applicable employment laws), and policies and procedures respecting workers' rights, and prohibiting discrimination and harassment
- Training: During the year key employees from the Legal & Business Integrity and Procurement functions undertook specific modern slavery training. We anticipate expanding our training programme in FY 26
- Supplier reviews and Supplier Code of Conduct: contains specific requirements for suppliers relating to modern slavery
- Whistleblowing Policies and Procedures: to enable effective reporting of potential risks
- Annual Modern Slavery Risk Assessments: to identify areas of higher risk where targeted improvements may be required
Baringa’s Operations
As a professional services organization, the risk of modern slavery occurring in our operations is considered to be relatively low. We do believe, however, it is important to remain vigilant and to maintain a strong Modern Slavery Programme, which we continuously improve.
Our assessment of modern slavery risks to our operations for the year has shown that, of the countries in which Baringa has offices, Bulgaria is the jurisdiction with the higher risk of modern slavery, followed by Malaysia and Singapore. All other jurisdictions are rated as lower risk.
Baringa’s Suppliers
During the year we commenced a Modern Slavery Review of suppliers. Our analysis suggests that the type of suppliers engaged by Baringa generally pose lower risks of modern slavery. As at December 2024, 61% of Baringa’s suppliers were UK-based. Globally, the largest number of suppliers by type are professional services (19.6%); training providers (14.5%); IT / systems (10.4%); and management consultancy recruitment (6.9%). These are not typically high-risk sectors in terms of modern slavery risks. In the Financial Year commencing 1st April 2025 we are extending our review on suppliers that might be in higher risk categories – for example, catering, cleaning, and hospitality.
Our Progress
During the year we continued to enhance our Modern Slavery Programme including:
- Upgrades to our Modern Slavery Policy
- A new Modern Slavery Framework, to explain how we implement our Modern Slavery Programme
- An updated global Modern Slavery Risk Assessment, to assess the performance of our Modern Slavery Programme during the year against evolving regulatory requirements
- Updates to our whistleblowing policies and procedures
- Expanded modern slavery training.
Approval and Financial Year
This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 and constitutes Baringa Partners LLP’s UK modern slavery and human trafficking statement for the financial year ending 31st March 2025.
This Statement has been approved by the Partners of Baringa Partners LLP.
Signature
Signed by Mr Adrian Bettridge, Managing Partner, Baringa Partners LLP.
Date: 29.08.2025
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