Skip to content This statement, made pursuant to section 54(1) of the Modern Slavery Act 2015, demonstrates our commitment to tackle modern slavery and sets out the approach taken by STRAT7 Ltd. (STRAT7) to understand whether slavery, servitude, forced labour and/or human trafficking (together “Modern Slavery”) exist in our supply chain.
This statement demonstrates the actions we have taken to eliminate Modern Slavery since our last statement in July 2023 and those that we intend to undertake during the financial year ending 30 June 2025. It is applicable to STRAT7 and all associated STRAT7 companies and subsidiaries, worldwide.
STRAT7 is a global strategic insight and customer analytics group. We help global brands understand, predict and act on customers’ needs at pace and at scale. We blend cultural, category, and consumer understanding to create impactful customer centric solutions that are always in-tune with changing consumer needs, to help our clients to put their customers at the heart of all decisions.
STRAT7 is headquartered in the UK, with over 400 employees worldwide and offices in 4 continents. Our supply chain consists of global suppliers of AI technologies, data, research services and consultancy, office supplies and computer software and equipment.
Although the research industry may be considered low-risk, we do operate globally and, as such, recognise that it is not without risk. Therefore, STRAT7 is mindful of this and seek to address potential modern slavery risk within our sphere of operations, where possible. 80% of our offices are located in top tier countries, according to Walk Free’s Global Slavery Index, in terms of best governmental response to Modern Slavery.¹ Whilst the majority of our offices are located in countries with a low Modern Slavery prevalence score of under 5, we do maintain 2 offices in Bulgaria, which has a prevalence score of 8.50.²
Where necessary, we work with a network of independent contractors and other 3rd agencies, typically where specialist technical or linguistic skills are required to deliver certain contractual obligations. Whilst this constitutes a relatively small percentage of our extended workforce, we are nevertheless committed to ensuring that there is no modern slavery in our such elements of our supply chain or any other part of our operations.
¹ Based on Walk Free’s Global Slavery Index, 2023
² No change since the 2023/24 statement was issued, no new data available
Our commitment to eradicating modern slavery is emphasised in our employee training and company policies, which promote ethical behaviours. Our employees are required to abide by our codes and ethics which are set out in our Company Handbook. This includes the expectation that employees will familiarise themselves with the Modern Slavery Act Statement, remain alert to potential violations, and report instances swiftly and appropriately. Our Code of Conduct and Ethics Policy references all the above policies and was published in June 2024, replacing an outgoing Employee Handbook.
Modern Slavery Awareness training is a required new starter training module at STRAT7, and our HR Department ensures all new staff complete the training by tracking progress via our online training portal. Since FY 2023/24 this has been one of our core training modules; as such all staff are required to participate in an annual refresher.
STRAT7 expects the same high standards which we set for ourselves from those parties with whom we engage, such as our suppliers and customers. We maintain a Supplier Approval Process to assess a potential supplier’s suitability and alignment with our standards and values. During our 2024/25 Financial Year STRAT7 we aim to seek agreement with our top 90% of our suppliers with our revised Supplier Code of Conduct, which replaces our retired Ethical Trading Policy. STRAT7 expects that the supplier to maintain one or more policies stating their commitment to eliminate Modern Slavery from their supply chains and our Supplier Code of Conduct includes expectations for the prohibition of modern slavery and child labour; fair and ethical working hours, conditions, and environments; and commitments to freedom of association and non-discrimination.
All new suppliers will also be required to agree to this code before being approved. Furthermore, we are now extending our supplier assurance vetting process to include an ESG assessment module, the answers to which will aid us to assess whether they operate lawfully and ethically, when choosing our suppliers or renewing our relationship with existing suppliers.
STRAT7’s Board is committed to delivering high standards of corporate governance and managing our Company in a socially responsible and ethical way. We aim to comply with all local laws and regulations applicable to our business and we are equally committed to preventing Modern Slavery in its activities and supply chain.
Employees, suppliers, and any other stakeholders are expected to immediately report any suspected incident of modern slavery in STRAT7’s direct operations or supply chain. Concerns can be confidentially reported to our Group Operations Director, members of our HR Dept. their line managers, or through an independent third-party organisation.
Whilst we have a supplier management system in place, we know that progression is always possible in how we assess and monitor existing and new suppliers alike, to ensure compliance with our expectations, values and practices. Equally, we recognise that we can make improvements in our upward assessments of the clients we choose to work with.
STRAT7 is very much committed to improving our ethical trading standards and in FY 2023/34 participated in EcoVadis for the first time in our history, achieving the “Committed” status. We aim to improve upon this and be awarded the “Silver Medal” upon our next submission.
In the meantime, we will continue to review the suitability and efficacy of relevant policies and procedures, to ensure they remain fit-for-purpose.
We will provide an update on these actions in the revision of our Modern Slavery Act Statement in July 2025 and aim to publish an initial ESG report at the end of our 2024/25 financial year, reporting on KPI’s.
This statement is approved by the Board and signed on its behalf by:
Barrie Brien
CEO
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