Modern Slavery Act Modern Slavery Act

Modern Slavery Act

Introduction

Arrow Shipbroking Group (“Arrow“) is committed to ensuring acts of modern day slavery and human trafficking do not exist within its business or supply chains. Arrow acknowledges its corporate responsibility to the UK Modern Slavery Act 2015 and will ensure transparency within the organisation and with suppliers to Arrow.

Arrow’s Code of Business Ethics and Conduct and Anti-slavery Policy reflect its commitment to acting ethically and with integrity in all its business relationships.


About Arrow

For more than 25 years Arrow has grown and consolidated its position as one of the world’s largest independent shipbroking groups. With offices in 14 countries Arrow offers truly global coverage. Its highly experienced and focussed teams provide professional brokerage services across all major commercial shipping sectors. Further details regarding Arrow Shipbroking Group and the areas and offices in which it operates are available on Arrow’s website.

Arrow has experts working in all areas of shipbroking: dry cargo chartering, tanker chartering, ship sale and purchase, asset finance and valuations. In addition, Arrow has an in-house derivatives brokerage that covers freight futures.

Arrow’s Research division gathers and analyses global data and turns it into insightful and actionable data for the whole of Arrow, its associated companies and of course, its many clients who wish to manage risk and make better informed decisions.

Arrow Shipbroking Group is headquartered in London and its principal parent company is Arrow Shipping (U.K.) Limited.


Recognition of Modern Slavery and Human Trafficking

Arrow recognises that slavery, forced labour, servitude and human trafficking is a growing global issue. Arrow is firmly committed to identifying and where applicable removing it from its operations and supply chain.

Arrow supports an ethical behavioural culture within its group. All employees, contractors, agents and third parties who undertake work on its behalf are expected to comply with applicable law and follow relevant Arrow policies.

Any concerns by an employee of Arrow are required to be notified promptly to Arrow’s legal function, who will promptly review the same in order to take such action as is required to seek to resolve the issue.

 

Our Team

Individual human rights are a core element of any ethically responsible company.

We value our team and believe that the diversity that they bring to our organisation makes us stronger and helps us to achieve our best.

Any discrimination based upon race, religion, nationality, gender, age, marital status, disability, sexual orientation or political affiliation is strictly prohibited both within Arrow and such prohibitions are expected within Arrow’s suppliers. Arrow’s internal policies reflect this position.


Our policies on slavery and human trafficking

Arrow has zero tolerance to slavery and human trafficking and is committed to acting ethically and with integrity in all our business dealings and relationships across the world.

This commitment includes maintaining internationally-recognised human rights. We expect all those in our supply chain to comply with our values.

Arrow takes all reasonable and practical steps to ensure that all applicable legislation and regulations are complied with, including labour laws. Our HR policies and procurement procedures reflect UK law. Arrow also has a whistleblowing policy that allows employees to report any issues on this topic.

In addition, Arrow’s standard client terms and conditions require compliance with all applicable laws.


Next steps

We understand that this process is in a constant state of evolution and continual improvement and Arrow is committed to keep reviewing and where appropriate updating its policies and processes to ensure we implement the correct procedures where necessary.

We are reviewing the terms and effectiveness of the current arrangements in order to improve our understanding and awareness of the risks of modern slavery and human trafficking in our supply chains and in our business, and to mitigate these risks.

We will continue to review the effectiveness of the steps we have taken to seek to ensure that there is no slavery or human trafficking in our business or in our supply chain.

 This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the Arrow Shipbroking Group’ slavery and human trafficking statement for the current financial year.

Approved and signed on behalf of the board of Arrow Shipping (U.K.) Limited on behalf of the Arrow Shipbroking Group.

 

Jeremy Palin

Managing Director

Arrow Shipbroking Group

Dated: 21 April 2020