At Canada Life we recognise the importance of the Modern Slavery Act 2015 and what it aims to achieve in combatting modern slavery. As a responsible business, we understand our duty to act ethically and with integrity. We focus on two key areas when it comes to eliminating modern slavery - our employees and our supply chains.
Our Code of Conduct requires all directors, officers and employees of Canada Life to act ethically and in accordance with our core values at all times. All directors, officers and employees are required to acknowledge compliance with the Code and complete a mandatory training module on the Code and ethical behaviour annually.
Our Raising A Concern Policy makes it clear that any concerns, including about compliance with the Act by Canada Life or one of our suppliers, can be reported using these processes. Anyone can raise a concern either by talking to their manager or one of a large group of “designated persons”, by filing an anonymous report using a third party online portal or phone line or by speaking directly to the relevant regulatory body.
Our Supply Chains
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. Because of the nature of our business and our suppliers, our assessment showed a lower risk profile than in many other industries.
To assist with supplier management, we have adopted a centralised supplier management software solution. A part of that system is conducting due diligence on prospective suppliers. We have introduced due diligence questions which obtain confirmation from prospective suppliers’ that they, their affiliates and their subcontractors comply with the Act.
The links below are to the two statements made by Canada Life entities in accordance with the Modern Slavery Act 2015 for the year ending 31 December 2018. These statements set out the steps that have been taken to ensure the detection and prevention of modern slavery across Canada Life’s operations and supply chains, and the next steps planned for the coming financial year.
Previous versions - Modern Slavery Act