Bangarra Family Office ESG Statement
The purpose of this Statement is to assist Bangarra Family Office to comply with its obligations under the Modern Slavery Act and to reduce the modern slavery risks posed to its business and its supply chain.
Reducing the risk of modern slavery
Bangarra Family Office’s vision is to be an active owner of significant businesses, building value through outstanding people, disciplined management, an unwavering commitment to excellence and a strong capital base. Bangarra Family Office’s philanthropic heritage, combined with its core values of honesty, competitiveness, teamwork, prudence, balance, respect, accountability and hard work, underpins all initiatives across the group.
These Business Values guide our activities and staff across our offices. This means that Bangarra Family Office employees must treat other employees, customers, suppliers and other people with trust, dignity, respect, fairness and equity. Bangarra Family Office does not tolerate any form of slavery & human trafficking in any part of our business or supply chain.
As a predominately financial services organisation with a professional workforce, Bangarra Family Office considers the risk of modern slavery within its business operations to be low. In addition, the countries in which the Bangarra Family Office sources its goods or services are not considered high-risk countries where modern forms of slavery are prevalent.
However, Bangarra Family Office recognises that through its supply chain and customers, it can be indirectly exposed to the risk of modern slavery and human trafficking. Bangarra Family Office is committed to ensuring that it does not engage suppliers that breach Modern Slavery legislation. We use third parties who provide services to assist with the everyday running of our business, such as IT service providers, property management, transport such as airlines and couriers, marketing such as merchandise suppliers, conference providers, office equipment and supplies, and professional services such as financial services, auditors, legal counsel, banks, insurers and recruitment agencies. We recognise that as a large purchaser of goods and services, the business conduct and performance of its suppliers can have a significant impact on its performance and reputation within the communities in which it operates.
Bangarra Family Office understands that the environmental, social and governance (ESG) risks relating to suppliers will vary depending on their industry, geographic location and company size and, therefore, the scope of the Groups suppliers’ policies, processes and systems are expected to reflect their specific ESG risks.
Bangarra Family Office has various policies which assist in managing human rights, including the following:
- Corporate Governance Manual;
- ESG policy;
- Code of Conduct;
- Risk Management Framework;
- Employee Grievance and Resolution Guidelines; and
- Induction Program for all new employees.
Bangarra Family Office takes all reports of any breach of law, regulation or policy very seriously.
In the 2022 financial year, Bangarra Family Office did not identify any instances of modern slavery or human trafficking associated directly with its operations.