Modern Slavery & Human Trafficking
Financial Year End: March 31st, 2022
This statement is made by Fenergo Limited pursuant to Section 54 of the Modern Slavery Act (‘MSA’). Fenergo is wholly committed to corporate social responsibility, and to understanding and safeguarding its business and supply chain from modern slavery and human trafficking.
We recognize that no economy or industry is immune to the issues of modern slavery and human trafficking. Therefore, we strive to ensure that these issues do not exist in any part of our business or supply chain.
Fenergo is an Ireland-based technology company that provides Client Lifecycle Management solutions for banks, asset managers, and other financial institutions.
Recently valued at over $1 billion and headquartered in Dublin, Ireland, and with offices across the world including London, Madrid, New York, Sydney, Singapore, and Dubai, Fenergo's products are used by 28 of the top 50 FIs in the world to address their due diligence, regulatory and digital transformation challenges.
Working with our community of clients, alongside our team of regulatory and technology experts, we analyze and codify KYC, tax reporting, derivatives reform and other regulatory requirements to deliver assured compliance to our clients, future-proofing them against regulatory changes, while transforming the client journeys those requirements are a part of to provide exceptional client experience.
Fenergo has a strict zero tolerance approach to modern slavery and human trafficking and expects our suppliers to adhere to the same standards. Our industry, as a whole, has a lower risk of exposure to modern slavery and human trafficking and we have not found any evidence, nor have we been made aware of any issues, relating to modern slavery in our supply chain during the financial year ended 31 March 2022.
Our partners undergo a thorough onboarding process and are required to sign up to our Code of Conduct. A specific modern slavery assessment forms part of the Vendor Onboarding Program.
Fenergo’s Whistleblowing Policy is intended to encourage and enable Fenergo employees to raise concerns within our workplace. Under this policy, an employee is entitled to raise concerns or disclose information without fear of penalization or threat of less favorable treatment, discrimination or disadvantage.
The Executive Team is briefed on matters relating to Corporate Social Responsibility via our Governance, Risk and Compliance Committee, and employee wide briefings are made available via our intranet.
In line with a review of our supply chain, we consider, with a high degree of confidence, the risk of modern slavery and human trafficking in our supply chain to be low. We will continue to be vigilant and monitor our risk exposure in this area.
Over the next 12 months, we will devise and deliver targeted training to our employees to enable them to recognize and report any elements of modern slavery or human trafficking.
On an annual basis, the Fenergo board will review this statement to ensure it remains relevant, accurate and appropriate for our business needs.