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Modern Slavery Act, 2015
Statement
This statement is published by Crisil Limited about and to
enable its subsidiaries that are subject to the Act, including
in particular Crisil Irevna UK Ltd and Coalition Development
UK Ltd (subsidiaries). Crisil and its subsidiaries are together
referred to as Crisil entities. Forced, bonded or compulsory
labour, human trafficking and other kinds of slavery signify
some of the severest forms of human rights abuse. We are
committed to improving our practices to combat slavery and
human trafficking.
Organisational structure
Crisil Limited provides ratings, research, and risk and policy
advisory services in the knowledge process and business
process outsourcing sector. S&P Global Inc is the parent
Company. Crisil has its registered office in Mumbai, India. We
operate in India, China, Singapore, England, Poland, Argentina,
Australia, and the United States of America, and have about
4,000 employees worldwide. Our global annual turnover is in
excess of £36 million.
Our supply chains
Our supply chains include consultants, advisors, IT (hardware
and software), and other office equipment suppliers,
professional services from our lawyers, accountants and
other advisers, security, catering, office cleaning and other
office facilities services, staffing companies, etc. We require
all of our suppliers to conduct business in a lawful and ethical
manner as part of our supplier on-boarding process, and
accept our trading terms and conditions.
Our policies on slavery and human trafficking
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. Our Modern Slavery Act, 2015, policy reflects
our commitment to acting ethically and with integrity in all
our business relationships, and implementing and enforcing
effective systems and controls, to ensure no slavery and
human trafficking takes place in our supply chains.
Due-diligence processes for slavery and human trafficking
As part of our initiative to identify and mitigate risk, we have
in place systems to:
• Identify and assess potential risk areas in our supply chains
• Mitigate the risk of slavery and human trafficking in our
supply chains
• Monitor potential risk areas in our supply chains
• Protect whistleblowers
• Where possible, build long-standing relationships with
local suppliers and make clear our expectations of
business behaviour
Supplier adherence to our values
We have zero tolerance to slavery and human trafficking. We
ensure all those in our supply chain and contractors comply
with our values and ethics.
Training
We provide training to our staff to ensure a high level of
understanding of the risks of modern slavery and human
trafficking in our supply chains and our business.
Our effectiveness in combating slavery and
human trafficking
The Act is relatively new and very few companies, including
Crisil entities, have experience of seeking out, let alone
detecting, slavery or trafficking among their own staff or
among their suppliers. To date, Crisil entities are yet to detect
or suspect that any Crisil entities or suppliers employ persons
who may be enslaved or trafficked. Therefore, key performance
indicators can be set only in respect of reasonable due
diligence efforts once experience of the initial outputs of such
exercises are collated and analysed. This statement is made
pursuant to Section 54(1) of the Modern Slavery Act, 2015,
and constitutes our slavery and human trafficking statement.
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