Slavery and Human Trafficking Statement
This statement is made by AXA Corporate Solutions Assurance (the "Company") pursuant to Section 54 of the UK Modern Slavery Act 2015 (the "MSA"). lt sets out the steps that the Company has taken during the 2017 financial year to combat and prevent all forms of modern slavery and human trafficking in its business and supply chains. This statement covers the Company's direct operations and supply chains.
The AXA Group has a long history of adhering to and promoting strong professional ethics and is committed to conducting its business according to the highest standards of honesty and fairness. This commitment to observing such ethical standards is designed not only to ensure compliance with applicable laws and regulations in the various jurisdictions where AXA operates but also to earning and keeping the continued trust of its clients, shareholders, personnel and business partners. AXA believes that its success and reputation is not only dependent on the quality of its products and the services provided to its clients, but also on the way it does business. This includes a strong commitment to human rights and therefore, it welcomes the transparency promoted by the MSA.
1. Company’s structure and business
The AXA Group provides insurance and asset management solutions around the world and operates four business segments: Lite & Savings, Property & Casualty, Asset Management and Banking. The Company belongs to the Property and Casualty segment and it is the AXA Group entity specializing in Property & Casualty, Marine, Aviation and Space insurance solutions for large multinationals. The Company is headquartered in Paris but employees 1,500 people, based in 16 international offices, serving corporate clients, wherever they are in the world, offering protection, prevention, and innovative solutions and services.
2. Company’s supply chains
The Company is a purchaser of products and services for the purpose of its internai office based operations. The Company therefore has a limited supply chain that is restricted to services and products purchased from sectors generally considered as having a low risk of modern slavery and human trafficking. Nevertheless, the following sections set out how we are committed to ethical business practices within our supply chain.
3. Engagements and policies in relation to modern slavery and human trafficking
The AXA Group is committed to respecting internationally recognized human rights principles as defined by the United Nations Universal Declaration of Human Rights, the core standards of the International Labour Organisation and the Guiding Principles for the implementation of the United Nations "Protect, Respect and Remedy" Framework (Ruggie Principles). The AXA Group is also committed to applying international general and sectorspecific standards such as the UN Principles for Responsible l nvestment, the UN Principles for Sustainable l nsurance and the UN Global Compact ("UN GC"). Since 2003, AXA adheres to the UN GC and has formally committed to promoting its ten guiding principles, including those on human rights (such as avoiding complicity in human rights abuses and supporting and respecting the protection of internationally proclaimed human rights) and labour standards (such as supporting the elimination of all forms of forced and compulsory labour and the effective abolition of child labour).
In addition, the AXA Group has put in place policies to support its commitment to ethical business practices across the organisation. These include:
The AXA Group Human Rights Policy, the Guide and the principles and standards mentioned above all apply to the Company.
4. Management of the modern slavery and human trafficking risk in the Company’s operations
AXA acknowledges its responsibility to respect human rights in its operations and conducts its business in compliance with applicable employment regulations in the jurisdictions in which it operates. The Guide sets out protections for AXA's employees and their rights, in particular, it emphasises that:
ln addition, AXA promotes diversity and inclusion by prohibiting any form of discrimination between current, past or potential staff on the basis of age, race, nationality, ethnie origin, gender, sexual orientation, religion, marital status or disability. Within the Company, a Diversity and Inclusion Executive Sponsor and Leader has been appointed and is in charge of documenting the Company's diversity and inclusion plan. Such plan is to be submitted to the Group Human Resources annually with an assessment of the accomplishments, issues and needs arising.
5. Assessment of the Company’s largest suppliers and due diligence process in relation to the Company’s supply chains
The Company outsources the selection and the contract management for some of its largest suppliers, in the more significant countries, to the procurement department of the local AXA entities or of the AXA Group. A key benefit of this choice to outsource internally rather than externally is to ensure that the AXA Group's standards on ethical business practices would be respected.
The AXA Group's standards include the specific reference of AX/\s corporate responsibility requirements in its contractual terms with suppliers, and the requirement of suppliers to provide a formai commitment to uphold the core standards of the UN GC by signing AXA's "Corporate Responsibility clause". Notably, the suppliers agree to refrain from using, or accepting that their own suppliers and sub-contractors make use of, child labour (under 15 years old) or forced labour.
Where the Company detects a direct or indirect violation by the supplier of the AXA Group requirements relating to corporate responsibility, the violation would be discussed directly with the supplier with a view to establishing a mutually agreed and documented corrective action plan. Where any issue is not resolved satisfactorily, the Company reserves the contractual right to end its relationship with the relevant supplier.
ln order to reinforce the commitment of the Company to the AXA corporate responsibility requirements, a clearly documented process for all supplier selection and contracting was defined by the Company headquarters in 2017 with respect to outsourcing. Guidelines on this process have been shared with all branches and subsidiaries of the Company, acting as guidance for local implementation who have leveraged partnerships with other AXA entities in the jurisdiction of the branch or subsidiary. The focus of the improvements will be to ensure uniform outsourcing selection and contract management, including closer monitoring of the relationship with suppliers du ring the next financial year.
6. Training and information available to staff
ln the future, the Company plans to roll-out an awareness training programme for procurement employees to give them a detailed knowledge of AXl\s corporate responsibility principles. This training programme will highlight the instrumental raie of responsible procurement in order to ensure that AXA engages with responsible suppliers.
The Company's Board of Directors approved this statement on 15 June 2018, which constitutes the Company's slavery and human trafficking statement for the financial year ending 2017.
By Rob Brown
Chief Executive Officer, AXA Corporate Solutions Assurance