Introduction
Baringa is committed to respecting and supporting human rights in the way we conduct our business. We believe that every individual should be treated with dignity, fairness and respect, and we seek to uphold these principles across our operations, client engagements and supply chain.
Modern slavery, human trafficking, forced labour and other forms of exploitation remain serious global issues. As a responsible business, we recognise the importance of maintaining effective controls, remaining alert to potential risks, and continuing to improve how we identify and manage those risks as our business and regulatory expectations evolve.
This statement sets out the steps taken by Baringa Partners LLP during the financial year from 1 April 2025 to 31 March 2026 to prevent modern slavery and human trafficking within our business and supply chain.
Summary
During the financial year 2026, Baringa continued to enhance its modern slavery programme. We have:
- completed an annual global modern slavery risk assessment to assess the performance of our modern slavery programme;
- reviewed and updated the global modern slavery policy and framework;
- reviewed our modern slavery regulatory analysis to affirm the legal requirements in every Baringa jurisdiction;
- operationalised our US modern slavery programme to meet the high standards required for US Government contracting work;
- undertaken a global review of whistleblowing requirements;
- conducted a modern slavery review of key suppliers; and
- delivered modern slavery training to relevant staff.
Our risk assessment found that Baringa's business model, operating footprint and supplier base generally present a lower exposure to modern slavery risks, and that Baringa's controls are effectively managing these risks.
No modern slavery incidents, allegations, or adverse findings were identified within Baringa’s operations or supply chain during the financial year ending 31 March 2026.
We recognise that the effective management of modern slavery risks requires ongoing vigilance, practical governance, and collaboration across our business and supply chain. Through our modern slavery programme, we remain committed to conducting business responsibly and supporting the protection of human rights wherever we operate.
Organisation Structure and Business Operations
Baringa is a global management consultancy providing services to clients across a broad range of sectors, including energy, financial services, telecommunications, pharmaceuticals, consumer products, retail, government and the public sector.
Our head office is in London, United Kingdom. During the reporting period, Baringa operated from offices in the United Kingdom, Ireland, Germany, Belgium, Switzerland, Norway, Denmark, Bulgaria, Spain, the Netherlands, the United States, Australia, Singapore and Malaysia. We have more than 2,000 employees and support clients across multiple jurisdictions. We have a global annual turnover of over £400 million.
Governance and Accountability
Responsibility for modern slavery risk management forms part of Baringa’s wider governance and ethical business framework. Our modern slavery programme also forms part of Baringa’s commitment to human rights and responsible business conduct.
The Managing Partner is responsible for approving this statement on behalf of the Partners of Baringa Partners LLP. The Risk Executive provides oversight and reviews of Baringa’s modern slavery programme. Day-to-day responsibility for coordinating modern slavery risk management activity sits with the Legal & Business Integrity function.
Our governance processes support the identification, escalation and management of modern slavery risks through established processes including policy management, client and supplier due diligence, training, risk assessments and whistleblowing procedures.
Our Policies and Controls
Baringa’s modern slavery programme provides the framework through which we identify, assess and manage modern slavery risks across our operations and supply chain. The programme includes:
- a global modern slavery policy and supporting modern slavery framework;
- our code of business conduct and jurisdictional employee handbooks;
- recruitment and employment practices designed to protect employees’ rights and comply with applicable employment laws;
- Our supplier code of conduct, supplier due diligence, and contractual protections;
- whistleblowing policies and reporting mechanisms;
- training and awareness for relevant employees; and
- annual risk assessments and programme reviews to monitor effectiveness and identify areas for improvement.
These controls are intended to support a proportionate and risk-based approach that reflects the nature of our business, the jurisdictions in which we operate and the profile of our suppliers.
Risk Assessment and Due Diligence
As a professional services organisation, we consider the risk of modern slavery occurring directly within our workforce to be relatively low. We recognise, however, that modern slavery risks can arise in any organisation’s supply chain and may be influenced by geography, sector, workforce arrangements, and the type of goods or services being provided.
During the financial year ending 31 March 2026, Baringa completed its annual global modern slavery risk assessment to assess the effectiveness of its modern slavery programme and identify opportunities for further improvement.
The process and methodology for conducting the modern slavery risk assessment was:
- identify relevant modern slavery regulations;
- identify key modern slavery risks in Baringa’s operations and supply chain;
- calculate the inherent risk (i.e. absent any controls);
- identify control headings;
- score each control;
- calculate the residual risk;
- identify and take actions to remediate;
- assess the effectiveness of the above; and
- report to relevant Baringa governance forums on the above.
Progress during the Financial Year
The findings of our modern slavery risk assessment were:
Jurisdictional risks: the risk assessment applied a modern slavery risk-rating to every jurisdiction in which Baringa operates, by reference to ‘Walk Free’ and ‘Freedom House’ ratings.
The majority of jurisdictions in which Baringa operates are classified as either ‘very low risk’ or ‘low risk’ for modern slavery. The exceptions are Bulgaria, Singapore and Malaysia, which we classify as ‘medium risk’.
Regulatory environment: the most stringent regulatory requirements relate to Australia, followed by the UK and the USA. We have built Baringa’s modern slavery programme around the requirements in these jurisdictions to ensure a unified approach where possible (with certain specific local requirements for Australia and the USA).
Supplier risks: our supply chain primarily comprises professional and business services providers, technology suppliers, recruitment agencies, training providers, facilities management providers and specialist subcontractors who support the delivery of our services.
Baringa requires suppliers to conduct business in a responsible and ethical manner, comply with applicable modern slavery legislation and other legal requirements, and align with the expectations set out in our supplier code of conduct.
In 2026, we implemented additional vetting procedures for suppliers, who are required to complete a ‘pre-qualifying questionnaire’ including specific disclosures regarding their modern slavery programmes.
The majority of Baringa’s suppliers operate in sectors generally considered to present a lower modern slavery risk. However, we recognise that risks may arise in certain geographies and service categories, including facilities management, hospitality, and other labour-intensive services. We therefore continue to apply a proportionate, risk-based approach to supplier oversight.
Training: we continued to build awareness by delivering modern slavery training to relevant employees, including all individuals involved in legal, procurement, and risk management activities. Training remains an important part of helping colleagues understand modern slavery risks and the role they play in identifying and escalating concerns. Completion rate for modern slavery training was 100%.
Strength of controls: the effectiveness of modern slavery controls were reviewed under the following categories:
- modern slavery policy;
- UK and Australia modern slavery statements;
- US anti-human trafficking program;
- training;
- supplier onboarding procedures;
- partner and employee recruitment procedures;
- partner and employee procedures;
- operational monitoring;
- client onboarding procedures;
- whistleblowing; and
- resources.
The overall modern slavery strength of control rating is ‘Adequate’.
Assessing Effectiveness
We assess the effectiveness of our modern slavery programme through annual risk assessments, client and supplier due diligence, policy and framework reviews, regulatory analysis, training activity and the monitoring of whistleblowing reports and employee concerns. These activities help us evaluate whether our controls remain appropriate and identify where further improvement may be required.
No modern slavery incidents, allegations, or adverse findings were identified within Baringa’s operations or supply chain during the financial year ending 31 March 2026.
Looking Ahead
Baringa remains committed to continuous improvement. During the next financial year, we will continue to strengthen our understanding of supplier risks in targeted locations. We will also expand our whistleblowing reporting capabilities. We will further develop key performance indicators for modern slavery.
Approval and Financial Year
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Baringa Partners LLP’s modern slavery and human trafficking statement for the financial year ending 31 March 2026.
This statement has been approved by the Partners of Baringa Partners LLP.
Signature
Signed by Mr David Hatcher, Managing Partner, Baringa Partners LLP.
Date: 18 August 2026