Modern Slavery Statement
Introduction
At VL Neuberg Holdings Limited, we are a leading independent provider of corporate and private client financial services, operating across more than 50 jurisdictions worldwide.
We hold over 60 professional licenses as corporate service providers and professional trustees in the jurisdictions where we operate. These licenses reflect our financial stability, integrity, and the competence of our staff, as well as the robustness of our systems.
Organizational Structure
VL Neuberg Holdings Limited is a private limited company registered in Hong Kong. We manage and operate subsidiary companies across Asia, Europe, the Middle East and the United Kingdom, each functioning as a separate legal entity. VL Neuberg Holdings Limited and its subsidiaries employ over 5000 individuals worldwide.
This statement is issued in accordance with Section 54 of the UK Modern Slavery Act 2015 on behalf of VL Neuberg Holdings Limited and its affiliated entities.
Policies Addressing Modern Slavery and Human Trafficking
At VL Neuberg ('VL Neuberg Holdings Limited'), we are fully committed to eradicating slavery and human trafficking within our organization and supply chains. Our workforce primarily consists of professionally qualified individuals employed directly by our subsidiaries, and we ensure fair treatment for our employees across the globe.
As a professional services firm, we adhere to all applicable laws and regulations in the jurisdictions we operate. Our robust policies and procedures are designed to mitigate the risks associated with money laundering, terrorist financing, bribery, and corruption.
Furthermore, we maintain a culture of lawful and ethical behaviour, characterized by transparency, trust, and integrity. Many of our employees belong to professional organizations and adhere to their respective codes of conduct.
Business and Supply Chain Practices
As a professional services firm, our most significant exposure to modern slavery risks lies within our supply chain. We source a wide range of products and services from various suppliers, encompassing stationery, ICT technology hardware, software, consulting, cleaning, security, and facilities management.
VL Neuberg is firmly committed to ensuring there is no modern slavery or human trafficking in our supply chains or any part of our business. Our Anti-slavery Policy underscores our dedication to ethical and transparent business relationships, supported by effective systems and controls to prevent slavery and human trafficking within our supply chains.
Our core values of "Listening, understanding, planning, and delivering" set clear expectations for employee conduct in interactions with colleagues, subsidiary companies, customers, and suppliers worldwide.
Risk Assessment and Due Diligence
VL Neuberg maintains a zero-tolerance stance toward slavery and human trafficking.
All our employees complete a Modern Slavery Act training course to understand the United Kingdom Modern Slavery Act 2015, its practical application, and their role in reporting any concerns.
Goals and Key Performance Indicators
VL Neuberg utilizes various Key Performance Indicators to gauge our effectiveness in preventing slavery and human trafficking across our business and supply chains. These indicators include the logging of complaints through our whistleblowing policy or other channels. To date, VL Neuberg has identified no instances of modern slavery or human trafficking.
This statement is made in accordance with section 54(1) of the United Kingdom Modern Slavery Act 2015 and serves as VL Neuberg's slavery and human trafficking statement for the financial year starting on June 1, 2023, and ending on May 31, 2024. It received board approval on March 8, 2023.
