This publication is made by The Cranemere Group Limited (“Cranemere”) in compliance with Schedule 19 of the Finance Act 2016 for the financial year ending 31 December 2022.
Cranemere takes a responsible approach to taxation consistent with its values of integrity, open engagement and proactive dialogue with all stakeholders and in accordance with applicable laws and regulations. Cranemere recognises the important role played by HMRC and international tax authorities and engages with them professionally and with appropriate transparency.
Cranemere is not prescriptive regarding acceptable levels of tax risk. Cranemere assesses the tax risks associated with each prospective transaction and seeks the advice of appropriate external tax professionals. External tax professionals assist Cranemere with both tax risk management and tax planning. Specifically, external tax professionals are engaged to help management conduct individual transactions in compliance with applicable laws and regulations and to advise on Cranemere’s general tax obligations. The Board of Directors is required to approve material transactions after appropriate consideration of, among other things, tax related matters and, through its Finance, Audit and Risk Committee, is also responsible for periodically reviewing with management Cranemere’s material risks and the steps taken by management to monitor or mitigate such risks.
This statement is made by The Cranemere Group Limited (“Cranemere”) pursuant to section 54 of the Modern Slavery Act 2015 and constitutes its modern slavery statement for the financial year ending 31 December 2022.
For the purposes of this statement, the term ‘modern slavery’ includes slavery, servitude, forced or compulsory labour, and human trafficking.
As a holding company Cranemere recognises that, like any other business, it must take steps to protect against the risks of slavery and human trafficking in its business and supply chain. As an office-based business, Cranemere’s supply chain primarily consists of the purchase of office services and the engagement of professional service providers. Given the nature and scale of Cranemere’s operations, the risk of modern slavery within its business is considered low.
Cranemere has developed policies and business practices that appropriately mitigate the risks of modern slavery in its operations and supply chain. Cranemere’s approach reflects its values, and it acts ethically and with integrity in all business relationships.
As part of Cranemere’s systems and controls to mitigate the risks of modern slavery within its business, Cranemere prioritises employee, contractor and supplier adherence to the Cranemere values. Within its supply chain, Cranemere adopts a risk-based approach which seeks to identify, assess, monitor and mitigate potential high-risk areas through appropriate due diligence.
Cranemere periodically reviews its approach to modern slavery to ensure its alignment with Cranemere’s values and to inform the development of its procedures and best practices.
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