Picton Property Income Limited Sustainability Report 2022
Stakeholder Engagement
31
Introduction
Environmental Focus
Governance
Appendix
Supplier and contractor responsibility
We are committed to conducting our business in a fair and honest manner and ensuring our suppliers operate in an ethical way and share our business principles in observing relevant laws and regulations. We seek to maintain productive and long-term relationships with our business partners.
We have in place a Supplier Code of Conduct. This is designed to promote safe and fair working conditions and the responsible management of social, ethical and environmental issues in our supply chain. This year we have developed our approach to supplier responsibility and particularly the issue of modern slavery within our supply chain. We have reviewed our supplier base and assessed the level of risk of exposure to modern slavery and human trafficking. The vast majority of our suppliers are based in the UK and are assessed as low risk.
However, we recognise that there are certain activities within the real estate sector that are more susceptible to modern slavery risks, including construction and maintenance. We have carried out training for the whole team to raise awareness of the issue and the potential signs of its existence. In addition, we developed a series of clauses for inclusion in our contractual arrangements, tailored to perceived level of risk. We have also implemented a new supplier due diligence questionnaire which we are applying to all new suppliers, and will roll this out across existing suppliers. Visit our website for more information on our Supplier Code of Conduct
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