Statement for the UK Modern Slavery Act
The Egmont Group has commercial activities in the UK and an annual global net turnover of more than GBP 36m and is thus obliged to prepare a statement for the UK Modern Slavery Act.
This statement presents the steps Egmont has taken across the Group to ensure that modern slavery does not take place in any part of Egmont’s business or supply chain. This statement relates to the fiscal year 2018.
Egmont is a leading media group in the Nordics. It was founded in 1878 and is a commercial foundation. The strategy “Grow with the Modern Consumer” entails investments in digital growth and new tech-based businesses while applying technology to strong storytelling. The annual profit is invested in business development and in the charitable activities to support vulnerable children and young people as well as donations for film talents through Nordisk Film Fonden.
Egmont does not accept any form of modern slavery or human trafficking in Egmont or in third-party supply chains. Egmont operates a number of internal policies to prevent the occurrence of modern slavery and to ensure that we are conducting business in a transparent and ethical manner, including a Business Ethics Policy, a whistle-blowing policy and a corporate recruitment policy. Furthermore, Business partners and suppliers are required to sign Egmont’s Code of Conduct (CoC) and they are required to ensure that their subcontractors are aware of and comply with Egmont’s CoC. Relevant staff has been trained in the Egmont CoC during 2018.
The CoC, which is based on the UNGC principles, together with the Egmont Social Compliance Programme operationalizes Egmont’s efforts against modern slavery. The Egmont Social Programme requires social audits at third party first-tier/core manufacturers/business partners based on the country risk group and sector. The classifications are:
- Country Group 1: Suppliers are audited every 12 months
- Country Group 2: Suppliers are audited every 12-24 months
- Country Group 3: Suppliers are audited ad hoc
During 2018, Egmont had 40% active suppliers in Country Group 1, 20% active suppliers in Country Group 2 and 40% active suppliers in Country Group 3 with a total of 487 active suppliers in its supplier pool. If Egmont experiences or is made aware of an instance of modern slavery, this will be dealt with by the legal and compliance teams. For further information on Egmont’s Social Compliance Programme, please cf. www.egmont.com/int/social-responsibility/.
This statement was approved by Egmont’s board of directors on 14 March 2019 and will be reviewed annually.