Modern Slavery Act Statement 2023
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2023.
This statement applies to Volvere plc and its trading subsidiaries as at 31 December 2023.
About Volvere’s structure and business
Volvere plc is a United Kingdom-based holding company of a group of companies (the “Group”) operating in the food manufacturing sector (all as at 31 December 2023). Further information on the Group’s segments and activities is set out in the Group’s annual report and accounts.
Our commitment and policies
The Group is committed to ensuring that there is no slavery or human trafficking in its supply chains or any part of its Group businesses and operates a zero-tolerance policy in this regard.
The Group has a formal Anti-slavery policy, whereby we ensure that we, and endeavour to ensure that our trading subsidiaries, operate in such a way so as to conduct business in a transparent and ethical manner. The nature and extent of the policies and procedures are entity-specific given the diverse nature of our intended and existing activities as well as those of our subsidiaries.
Supply chain
In relation to Group companies at 31 December 2023, the following statements apply to each company’s supply chain:
Holding Company – Volvere plc: as a holding company, the supply chain is largely limited to financial services firms and providers of office-related goods and services. Our principal suppliers are based in the United Kingdom and the company endeavours to use only reputable suppliers. Given the nature of the company’s business, the risk of slavery or human trafficking within the company’s supply chain is considered to be low.
Food Manufacturing
Shire Foods Limited: as a UK-based food manufacturing business, Shire Foods sources raw materials from a number of different suppliers who are predominantly based in the United Kingdom. However, ingredients’ countries of origin may be outside the United Kingdom. Shire has adopted key aspects of the Ethical Trading Initiative Base Code, which are reflected in Shire’s internal policies and procedures. As part of Shire Foods’s supplier approval processes, potential suppliers who are required to make a Modern Slavery Statement are confirmed as having done so. Given the nature of the company’s internal controls and use of reputable suppliers, the risk of slavery or human trafficking within the company’s supply chain is therefore considered to be low.
Indulgence Patisserie Limited: Indulgence Patisserie ceased operations during 2022 and a Modern Slavery Statement is no longer applicable.
Ongoing monitoring
If issues are identified in relation to slavery or human trafficking, these will be dealt with by the Board of the relevant trading subsidiary. The statement was approved by Volvere plc’s Board of Directors on 4th April 2024 and will be reviewed annually.
Nicholas Lander
Company Secretary
4th April 2024
