CHAING EQUITIES LIMITED, CATHAY INVESTMENTS LIMITED, CATHAY INVESTMENTS 2 LIMITED AND SUBSIDIARIES: MODERN SLAVERY STATEMENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2019 ISSUED PURSUANT TO SECTION 54 OF THE MODERN SLAVERY ACT 2015
This statement sets out the Cathay Group’s actions to understand all potential modern slavery risks related to its business and to put in place steps that are aimed at ensuring that is no slavery or human trafficking in its own business and its supply chains. This statement related to actions and activities during the financial year 1 January 2019 to 31 December 2019.
We recognise that we have a responsibility to take a robust approach to slavery and human trafficking and we continue to take our responsibility very seriously.
OUR BUSINESS, STRUCTURE AND SUPPLY CHAINS
Chaing Equities Limited, Cathay Investments Limited, Cathay Investments 2 Limited and their subsidiary undertakings (together “the Cathay Group”) are a group of companies based in the UK and across Europe and trading worldwide.
The activities of the Cathay Group fall into four key areas:
- Distribution of composite materials in particular resin, fibreglass and associated products and other chemicals
- Manufacture and distribution of non woven materials for the cabling and composites industries
- Provision of third party logistics services
- Distribution of toys, stationery, greetings cards, optical equipment and anatomical models
The Cathay Group operates through subsidiaries based throughout the UK and Europe and imports and sells products globally.
The Cathay Group employs around 850 employees, all based in the UK and Europe. Additionally a number of temporary staff are taken on at peak times of the year particularly to aid in the provision of third party logistics services.
The supply chain ranges from large multinational companies to small local businesses and covers large parts of the world including the UK, Europe and the Far East.
Modern slavery is a crime and a gross violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain. We have a zero-tolerance approach to modern slavery and we are committed to acting ethically and with integrity in all our business dealings and relationships and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our own business or in any of our supply chains.