Modern slavery takes various forms, such as slavery, servitude, forced and compulsory labor and human trafficking, all of which have in common the deprivation of a person’s liberty in order to exploit them for personal or commercial gain.
BNY Mellon does not tolerate any form of modern slavery and human trafficking and we expect our employees and suppliers to commit to acting ethically and with integrity in all their business dealings and relationships. We fully comply with all applicable slavery, forced labor and human trafficking laws, including without limitation, the UK Modern Slavery Act 2015 and Australia Modern Slavery Act 2018.
BNY Mellon expects employees to adhere to the principles and values set out in our Modern Slavery Transparency Statement and expects suppliers to promote and respect human rights by working to prevent acts of modern slavery and human trafficking in their supply chains.
Additionally, we expect our suppliers to implement due diligence measures to ensure that no modern slavery or human trafficking exists within their supply chains and to have policies and practices that foster these values and rights. Examples of such rights are articulated in the Internal Labor Organization Convention and Ethical Trading Initiative Base Code.
At a minimum, suppliers are expected to comply with all applicable laws, rules and regulations and have policies and practices that address employment (freedom from forced labor, paid wages), working conditions (health, safety and security), child labor, harassment and non-discrimination. For details on our expectations for suppliers with regards to the Modern Slavery Act, please refer to BNY Mellon’s Supplier Code of Conduct.
Pursuant to section 54 of the Modern Slavery Act 2015 of the United Kingdom and section 14 of the Modern Slavery Act 2018 of Australia, BNY Mellon submits annual statements of its global commitment to the prevention of acts of modern slavery and human trafficking from occurring within both its business and supply chains.