slavery act

1. Introduction

Iress Limited and all companies within its group (together, “Iress”) are committed to complying with all applicable legal obligations including, without limitation, the Modern Slavery Act 2015 (UK) (a UK Act) and the Modern Slavery Act 2018 (Cth) (an Australian Act) (the “Acts”). Iress is committed to acting ethically throughout its business and details of the manner in which Iress carries out governance of its business can be found here.

Iress has a Code of Ethics and Conduct policy which requires all employees to comply fully with the content and spirit of all laws and regulations and not to knowingly participate in any illegal or unethical activity. Iress is aware of its obligations under the Acts and will continue to review its processes to ensure specific requirements of the Acts are considered.

2. Business structure

Iress is a global software business servicing the financial services industry. Iress has offices in Australia, the United Kingdom, South Africa, Canada, Hong Kong, Singapore, the United States, France, Tunisia and New Zealand. Iress Limited, the parent company for the group, is listed on the Australian Stock Exchange.

3. Iress employees

Iress complies with all relevant legislation in respect of its employees. It has a number of policies which are made available to employees via its intranet and internet sites, including a Whistleblowing Policy through which employees can report any concerns and a Diversity Policy. All employees are required to comply with Iress’ Code of Ethics and Conduct policy. Iress uses reputable recruitment partners when sourcing employees and contractors. Iress' recruitment partners across the globe are required to comply with all applicable legislation when carrying out activities on behalf of Iress.

4. Supply chains

Iress has a Supplier Code of Conduct which requires suppliers to ensure that they comply with the terms of the Acts. Iress’ zero tolerance for modern slavery is communicated to all suppliers, contractors and business partners at the outset of those business relationships and reinforced thereafter. Where possible and relevant, contracts include specific clauses regarding compliance with the Acts.

5. Iress policies on slavery and human trafficking

Iress is committed to ensuring that there is no slavery or human trafficking in any part of its business. To this end, Iress has included policy statements in its Code of Ethics and Conduct policy, and its Supplier Code of Conduct, which reflect Iress’ commitment to ensure that slavery and human trafficking do not take place anywhere within its business or supply chain.

6. Iress’ risk management and due diligence process

As a software provider, Iress considers the risk of modern slavery within its operations to be low. Nonetheless, Iress Limited’s Audit & Risk Committee Charter includes a risk management process to identify, assess, monitor and manage risk areas including modern slavery and human trafficking. The Audit & Risk Committee will report any risk areas to the Iress Limited Board of Directors. Separately, Iress’ Whistleblowing Policy allows employees to raise concerns of modern slavery and human trafficking in a confidential manner.

In 2018, Iress released its Environmental, Social and Governance (ESG) Report, aligning it with Global Reporting Initiative Standards. The ESG Report discloses Iress’ zero risk appetite in relation to modern slavery and human trafficking, and further confirms its risk management and due diligence process. Iress’ ESG Report will be updated annually and will report on any modern slavery and human trafficking concerns, Iress’ response to these concerns and the effectiveness of its responsive actions.

7. Training

Whilst Iress does not deliver a specific training programme in respect of the Acts, it expects staff awareness to be communicated through the Iress Code of Ethics and Conduct policy. Iress will continue to monitor staff awareness to ensure it includes the requirements of the Acts.


Modern Slavery Andew Walsh Signature

Andrew Walsh

CEO, Iress

31 March 2020

Iress Limited | A.B.N. 47 060 313 359

Modern Slavery Act Statement