1. modern slavery act statement

Modern Slavery Act Statement

BIONIC SERVICES GROUP - UK-ONLY POLICY

At Bionic, we exist to be the smart way for SMEs to get their business essentials sorted by tech-enabled human experts. People, both our employees and those of our suppliers are at the heart of everything we do and our commitment to those people and securing the right outcome for each of them is central to our purpose, strategy and how we operate. This is why we are committed to complying with the Modern Slavery Act.

What is the Modern Slavery Act 2015?

The Modern Slavery Act 2015 (the “Act”) seeks to address the role of businesses in preventing modern slavery from occurring in their organisations and supply chains. It applies to businesses of a certain size, which are required to publish a statement setting out the steps they have taken to ensure that modern slavery and human trafficking are not taking place in their business or supply chains.

This statement sets out the steps that we have and will continue to take as part of our ongoing commitment to keep slavery and human trafficking out of our business and our supply chains.

Bionic Services Group

Bionic Services Group Limited, trading variously as (Bionic Services, Bionic Financial Services, Think Business Finance, Business Comparison and Business Save), is the UK’s leading provider of SME energy comparison and switching services and a provider of comparison and intermediary services across of range of other business products and services. We are a private limited company operating in the UK.

Our suppliers are businesses that support our trading entities and the products we supply and/or administer whether as product/service providers, system providers and/or outsource service providers.

We have taken time to consider our services and the nature of the business we operate across all of its functional areas and we have concluded that as a group of businesses we are not directly exposed to a high risk of modern slavery and human trafficking. However, the risk of modern slavery and human trafficking may not always be obvious, and we remain, at all times, vigilant for new or emerging risks.

Accordingly, we continue to be committed to acting ethically and with integrity in all of our business relationships, and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking are not taking place anywhere in our business or supply chains.

Our Practices and Policies

We want our suppliers and contractors to support our position on modern slavery and human trafficking, and we take the steps set out below to secure this outcome:

  • Set up ongoing processes to review our supply chains and carry out risk-based assessments of our suppliers
  • Review the Modern Slavery and Human Trafficking Statements published by our key suppliers
  • Source our goods and services in accordance with policies, standards and scrutiny designed to ensure all suppliers achieve and maintain our standards
  • Where appropriate, include provisions within agreements and arrangements with our suppliers that require them to comply with the law, including applicable anti-slavery and related laws
  • Made this statement publicly available on our public website and distributed it on our internal communication channels so that it can be accessed at any time by our suppliers, employees and customers
  • Reviewed our internal policies to address modern slavery issues and establish accountability for the prevention and ongoing vigilance in relation to these risks at the most senior levels of our organisation
  • Continuously monitor and assess our business culture and operations to ensure they meet the standards set by our regulators.

Our on-going activities

We will continue to review our internal practices and our supply chain to ensure that our approach in respect of human trafficking and modern slavery is being upheld.

During the next financial year, we aim to identify, assess and manage risks on an ongoing basis by gathering information from suppliers regarding their awareness of, and compliance with, the Act, and endeavour to ensure that appropriate contractual provisions are built into our supplier contracts.

Our General Counsel, who reports to the CFO, is responsible for overseeing the implementation of policies and procedures relating to our annual Modern Slavery and Human Trafficking Statement.

This statement is made pursuant to section 54(1) of the Act and constitutes our Slavery and Human Trafficking Statement for the financial year ending March 31, 2022. This statement is approved by the Board.

Paul Galligan

CEO, Bionic Services Group Limited