Benefact Group appoints Mark Bennett as CFO
Benefact Group, the parent company of Ecclesiastical Insurance and EdenTree, has appointed Mark Bennett as its new Chief Financial Officer (CFO).
Annual slavery and human trafficking statement – Modern Slavery Act 2015.
The legal entity this statement refers to:
In this statement, ‘Group’ refers to Ecclesiastical Insurance Office plc together with its subsidiaries as at 31 December 2023.
The Group is committed to preventing acts of modern slavery and human trafficking from occurring within both its business and supply chains and expects those same high standards from its suppliers.
The Group is a specialist financial services group providing insurance, broking and advisory and investment products and services. The business is predominantly UK-based with overseas operations in Canada, Australia and Ireland. Over 1,500 people are directly employed.
In 2023, the Group reported a loss before tax of £34.4m. Find out more about our business and the Group in our Annual Report & Accounts.
Our UK supply chain is managed centrally by a team of procurement specialists within our Finance and Claims departments. Supply chain relationships for our overseas businesses are managed locally.
The Group expects and requires that each of its suppliers conduct business in a lawful and ethical manner. We have a Procurement Policy and an Outsourcing Policy which we adhere to in order to ensure all suppliers, whether they are being centrally or locally managed, go through the appropriate checks and scrutiny so that they are aware of and subscribe to our expectations, standards and procedures.
Specifically relevant to our compliance with the Act, during the period we:
Through our responsible and sustainable investment business, EdenTree, we:
As a provider of financial services, we do not operate in a sector which we consider to be particularly susceptible to modern slavery practices such as forced labour or exploitation for example, nor do we purchase goods or services from organisations which we would associate with modern slavery or human trafficking.
Nevertheless, we regularly evaluate the nature and extent of our exposure to risk in our supply chain and modern slavery will be included in that evaluation going forward.
This statement is made in accordance with Section 54(1) of the Modern Slavery Act 2015 and constitutes the Group's slavery and human trafficking statement for the financial year commencing 1 January 2023 and ending 31 December 2023.