Paul Smith Modern Slavery Statement
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 for the financial year ending 30th June 2016.
At Paul Smith we are absolutely committed to preventing slavery and human trafficking in our corporate activities, and to ensuring that our supply chains are free from slavery and human trafficking.
Founded in the 1970’s, Paul Smith is a global business designing & selling high quality clothing, shoe and accessory collections for men and women in six continents. We also license others to produce and sell eyewear, fragrance, children’s clothing and interior products and in Japan license the production and sale of clothing, shoes and accessories.
Our distribution methods remain the same as in previous years; we sell our products through three main channels; our own shops and website, wholesale both in store and on line and licenced partners. From time to time we also expand our offer through a range of product collaboration projects.
Paul Smith Group Holdings Limited is the ultimate parent company of the global Paul Smith group, including Paul Smith Holdings Limited and our main UK trading company, Paul Smith Limited. Our registered office is at The Poplars, Lenton Lane, Nottingham, NG7 2PW, England.
The Paul Smith group has over 1,000 employees worldwide. We have thorough recruitment practices in which we check all our employees’ eligibility to work and we are confident that there is no risk of slavery and human trafficking within our group.
Our Supply Chains
Our product supply chain remains stable and during the financial year ended June 2020 we sourced our fabrics and components from circa 240 suppliers with the majority continuing to be located in Italy and engaged circa 200 factories to manufacture our products, over half of which continue to be located in Europe.
We also contract with suppliers for a broad spectrum of goods and services which are important to our business operations but which do not feed into our product production, such as information technology, shop fittings, till systems, logistics.
At Paul Smith we are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business and we have zero tolerance to any such practices.
All factories and mills we work with are required to adhere to ethical working practices, which include but are not limited to complying with key principles of ensuring that: employment is freely chosen and that freedom of association and other workers’ rights are respected; the required standards of working conditions are met and the conditions will be safe and hygienic; workers’ hours are not excessive and that regular employment is provided; there is no use of child labour; and that no discrimination or harsh or inhumane treatment will be practiced or allowed in their organisation.
Following a review of the steps we have taken so far to ensure that there is no slavery or human trafficking in our supply chains, we recognise that there are further ways we can expand our practices. During the next financial year, we intent to take the following further steps:
• Continue working on consolidation our practices and mapping areas of risk, and expanding our compliance requirements in a staged approach across our supply chain. As part of this process, we will be expanding our ethical code of conduct and amending our other standard contractual documents, including our standard terms and conditions of purchase, sale and our licence agreements, to specifically address the Modern Slavery Act 2015;
• We will be looking at ways of measuring the performance of actions we take to combat slavery and human trafficking, to help us monitor how effective our practices have been; and
• We will be investing further training requirements that may be necessary for our staff who manage our relationships with the factories and mills we work with, and to human resources dealing with recruitment, incident reporting and ongoing matters to reinforce an ever-present high awareness and understanding of the risks of modern slavery and the human trafficking in our supply chains and our business.
This statement covers Paul Smith Group Holdings Limited, Paul Smith Holdings Limited and Paul Smith Ltd and has been approved and signed by each company’s board of directors.