Modern Slavery Act Transparency Statement 2017

IFS UK LTD: SHAPING OUR FUTURE

IFS are committed to operating responsibly and with high ethical standards. The business will not tolerate human trafficking and other kinds of slavery within its operations or supply chain.

This is the first statement made on behalf of IFS UK Ltd pursuant to Section 54(1) of the Modern Slavery Act 2015. This statement sets out the steps that IFS UK Ltd has taken to ensure that slavery and human trafficking is not taking place in any part of our business or that of its supply chain.

IFS is a globally recognised leader in developing and delivering enterprise software for Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM) and Enterprise Service Management (ESM). We offer applications that enable companies to respond quickly to market changes and use resources in a more agile way to achieve better business performance and competitive advantage.

IFS is a public company founded in Sweden in 1983. Our solutions are used by thousands of customers worldwide through a network of local offices and a growing ecosystem of partners. IFS’s products are known for being user-friendly, modular in their design and flexible enough to support the customers in their way of working according to their established processes. Our business philosophy and architecture provide solutions that are easier to implement, run and upgrade.

The IFS group has more than 2,400 customers in more than 60 countries, and exceeded 1 million users in 2017.

Employeeship & Core Values

IFS is proud of its history and culture and its commitment to always strive to do things better and more efficiently. We are forward looking and open for change, and daring enough to aim for a better world.

Employeeship at IFS means that every individual should take active ownership of their own performance and responsibility for reaching goals in a sustainable and ethical manner. An active employeeship also means living the IFS values. The IFS Group has for many years operated with three overriding values: Professionalism, Commitment and Simplicity.

Our employees comprise the community closest to our business. In fact, employees are the company. We have created a diverse workforce, where equality is promoted and people like coming to work. Our philosophy is that happy employees will run a healthy and successful business and to pay testament to this, many parts of the IFS group have been placed as one of the top ten Great Places to Work.

There are currently 250 people employed by IFS UK and all of which are subject to pre-employment checks to ensure their right to work in the UK and to confirm their identity. All employees are provided with information about their statutory rights, paid above the minimum wage and we ensure that our recruitment agencies comply with all legal requirements.

We have a dedicated confidential whistleblowing helpline which is independent and confidential. There have been no reports of human rights, slavery or human trafficking via the whistleblowing helpline to date.

Assessment of Modern Slavery Risk within Our Supply Chain

IFS UK Ltd has undertaken a detailed review of our business operations in response to the Modern Slavery Act 2015. This is driven by the CSR Steering Committee which was formed in 2016 to drive leadership on this and other ethical and social responsibility issues.

Our biggest employee supplier is the Global Support Organisation which is part of our Sri Lanka operation. Consequently, this was identified as the largest risk area within our own supply chain due to the large number of off-shore workers not directly employed by IFS UK Ltd.

Following a full audit we can confirm that the operation conforms with Human Dignity, Human Rights and Ethical Trading. They follow all accepted and implied standards in the full employment cycle – from sourcing to resignation. They comply with the legal framework (including constitutional rights of individuals and the labour law framework) and have no reported cases regarding any of the above.

All staff sourcing (which is the only sourcing method) is done through Universities (graduate hires) or Industry (lateral hires of graduates with experience), which eliminates any likelihood of child labour.

Wages are in line with industry standards (benchmarked against industry-wide salary surveys) and best practices and IFS Sri Lanka is ranked one of the top employers of graduates in Sri Lanka. They follow all human dignity and diversity standards during hiring. They are an equal opportunities company. IFS Sri Lanka has been listed as one of the top 25 Best Companies to Work in Sri Lanka for three consecutive years which supports the fact they are fair, and provide a good working environment and culture.

Due Diligence and Audit of Suppliers and Supply Chain

IFS UK has updated its Supplier Pre-Qualification Questionnaire to require suppliers to provide copies of their Modern Slavery Statement as part of our procurement process. Where no statement is available, IFS UK will work with the supplier to ensure compliance with the requirements of the Act.

Training

IFS UK recognises the importance of raising awareness of the human rights aspects of slavery and trafficking and consider this is a fundamental step in preventing it occurring within our supply chain.

All employees are required to complete the modern slavery module and all new employees will receive this training as part of their onboarding experience.

Approval and Continuous Review

The CSR Steering Committee will monitor the training and agree next steps to continue to build awareness.

This statement was approved by the Managing Director for IFS UK Ltd.

Paul Massey, MD
On behalf of IFS UK Ltd
August 2017