‭Human Rights and Modern‬‭Slavery statement‬‭For the financial year ending on 30 June 2024‬‭About GoCardless‬‭ oCardless‬‭is‬‭a‬‭global‬‭bank‬‭payment‬‭company.‬‭We‬‭help‬‭more‬‭than‬‭85,000‬‭businesses,‬G‭from‬ ‭start-ups‬ ‭to‬ ‭household‬ ‭names,‬ ‭collect‬ ‭both‬ ‭recurring‬ ‭and‬ ‭one-off‬ ‭payments,‬‭without‬ ‭the‬ ‭chasing,‬ ‭stress‬ ‭or‬ ‭expensive‬ ‭fees.‬ ‭Each‬ ‭year‬ ‭GoCardless‬ ‭processes‬ ‭more‬‭than‬ ‭US$35‬ ‭billion‬ ‭of‬ ‭payments‬ ‭across‬ ‭30+‬ ‭countries.‬ ‭Our‬ ‭acquisition‬ ‭of‬ ‭Nordigen‬‭means‬‭we’re‬‭also‬‭helping‬‭businesses‬‭make‬‭faster‬‭and‬‭more‬‭informed‬‭decisions‬‭through‬‭easy access to bank account data.‬‭ e‬ ‭are‬ ‭headquartered‬ ‭in‬ ‭the‬ ‭UK,‬ ‭with‬ ‭additional‬‭offices‬‭in‬‭Australia,‬‭France,‬‭Latvia‬‭and‬W‭the‬ ‭United‬ ‭States.‬ ‭In‬ ‭the‬ ‭UK,‬ ‭we‬ ‭operate‬ ‭through‬ ‭a‬ ‭legal‬ ‭entity‬ ‭called‬ ‭GoCardless‬ ‭Ltd‬‭(company‬‭registration‬‭number‬‭07495895).‬‭This‬‭legal‬‭entity‬‭is‬‭registered‬‭at‬‭Sutton‬‭Yard,‬‭65‬‭Goswell‬‭Road,‬‭London,‬‭England,‬‭EC1V‬‭7EN‬‭and‬‭is‬‭authorised‬‭by‬‭the‬‭Financial‬‭Conduct‬‭Authority (“FCA”) to provide payment services (FCA registration number 597190).‬‭Why do we need to make this statement?‬‭ he‬ ‭intention‬ ‭of‬ ‭UK‬ ‭Modern‬ ‭Slavery‬ ‭Act‬ ‭2015‬ ‭(MSA)‬ ‭is‬ ‭to‬ ‭address‬ ‭slavery,‬ ‭urging‬T‭organisations‬‭to‬‭prevent‬‭modern‬‭slavery‬‭within‬‭their‬‭operations.‬‭Additionally,‬‭Section‬‭54‬‭of‬ ‭the‬ ‭MSA‬ ‭mandates‬ ‭that‬ ‭commercial‬ ‭entities‬ ‭meeting‬ ‭specific‬ ‭criteria,‬ ‭such‬ ‭as‬‭operating‬ ‭in‬ ‭the‬ ‭UK‬ ‭and‬ ‭surpassing‬ ‭a‬ ‭global‬ ‭turnover‬ ‭of‬ ‭£36‬ ‭million,‬ ‭must‬ ‭publish‬ ‭an‬‭annual‬ ‭anti-slavery‬ ‭and‬ ‭human‬ ‭trafficking‬ ‭statement.‬ ‭GoCardless‬ ‭is‬ ‭dedicated‬ ‭to‬‭combating‬ ‭slavery‬ ‭and‬ ‭commits‬ ‭to‬ ‭preventing‬ ‭any‬ ‭involvement‬ ‭in,‬ ‭facilitation‬ ‭of,‬ ‭or‬‭support‬ ‭for‬ ‭human‬ ‭trafficking‬ ‭or‬‭slavery‬‭within‬‭its‬‭operations.‬‭This‬‭statement‬‭serves‬‭to‬‭confirm‬ ‭our‬ ‭compliance‬ ‭with‬ ‭the‬ ‭MSA,‬ ‭reiterate‬ ‭our‬ ‭stance‬ ‭on‬ ‭modern‬ ‭slavery,‬ ‭and‬‭outline‬ ‭the‬ ‭measures‬ ‭we‬ ‭undertake‬ ‭to‬ ‭ensure‬ ‭that‬ ‭our‬ ‭approach‬ ‭is‬ ‭effectively‬‭implemented.‬‭While‬‭this‬‭statement‬‭is‬‭required‬‭in‬‭the‬‭UK,‬‭our‬‭practices‬‭remain‬‭consistent‬‭worldwide.‬‭Our Approach to Human Rights and Modern Slavery‬‭ oCardless‬ ‭has‬ ‭a‬ ‭number‬ ‭of‬ ‭controls‬ ‭in‬ ‭place‬ ‭to‬ ‭make‬ ‭sure‬ ‭that‬ ‭we‬ ‭do‬‭not‬‭engage‬‭in‬G‭activity‬ ‭which‬ ‭may‬ ‭go‬ ‭against‬ ‭our‬ ‭stance‬ ‭on‬ ‭human‬‭rights‬‭or‬‭modern‬‭slavery.‬‭Some‬‭of‬‭these are outlined below.‬‭ oCardless‬ ‭uses‬ ‭a‬ ‭number‬ ‭of‬ ‭suppliers‬ ‭which‬ ‭provide‬ ‭professional‬ ‭services‬ ‭such‬ ‭as‬G
‭legal‬ ‭advice,‬ ‭consultancy‬ ‭services‬ ‭and‬‭accounting‬‭services.‬‭We‬‭also‬‭use‬‭suppliers‬‭who‬‭provide‬ ‭hardware‬ ‭and‬ ‭software,‬ ‭including‬ ‭computer‬ ‭equipment,‬ ‭software‬ ‭licences,‬‭verification‬ ‭services‬ ‭and‬ ‭cloud-based‬ ‭data‬ ‭storage‬ ‭services.‬ ‭The‬ ‭majority‬ ‭of‬ ‭our‬‭suppliers‬ ‭are‬ ‭located‬‭in‬‭the‬‭same‬‭locations‬‭as‬‭our‬‭offices‬‭-‬‭Europe,‬‭North‬‭America‬‭and‬‭Australia.‬‭ s‬ ‭an‬ ‭internet-based‬ ‭payment‬ ‭technology‬ ‭business,‬ ‭with‬‭the‬‭majority‬‭of‬‭our‬‭suppliers‬A‭being‬‭software‬‭and‬‭professional‬‭service‬‭providers,‬‭our‬‭human‬‭rights‬‭and‬‭modern‬‭slavery‬‭risk‬ ‭profile‬ ‭is‬ ‭relatively‬ ‭low.‬ ‭Nevertheless,‬ ‭all‬ ‭suppliers‬ ‭are‬ ‭subject‬ ‭to‬ ‭our‬ ‭Supplier‬ ‭and‬‭outsourcing‬‭policy.‬‭This‬‭requires‬‭that‬‭all‬‭vendors‬‭are‬‭vetted‬‭and‬‭subject‬‭to‬‭due‬‭diligence‬‭which varies depending on their risk categorisation.‬‭ oCardless‬‭also‬‭serves‬‭over‬‭85,000‬‭merchants.‬‭The‬‭majority‬‭of‬‭these‬‭are‬‭located‬‭within‬G‭low‬‭or‬‭medium‬‭risk‬‭geographies‬‭and‬‭are‬‭subject‬‭to‬‭due‬‭diligence‬‭to‬‭ensure‬‭that‬‭they‬‭are‬‭within‬‭the‬‭risk‬‭appetite‬‭of‬‭the‬‭company.‬‭Only‬‭a‬‭small‬‭proportion‬‭of‬‭our‬‭active‬‭merchant‬‭portfolio‬ ‭are‬ ‭located‬ ‭in‬ ‭high‬ ‭risk‬ ‭geographies,‬ ‭and‬ ‭in‬ ‭most‬ ‭cases,‬‭these‬‭merchants‬‭are‬‭subject to enhanced due diligence.‬‭ ne‬‭of‬‭our‬‭four‬‭core‬‭values‬‭is‬‭to‬‭act‬‭with‬‭integrity.‬‭This‬‭permeates‬‭everything‬‭we‬‭do‬‭as‬‭a‬
O‭company,‬‭including‬‭how‬‭we‬‭act‬‭in‬‭our‬‭business‬‭relationships.‬‭This‬‭means‬‭we‬‭will‬‭protect‬‭and‬ ‭maintain‬ ‭all‬ ‭internationally‬ ‭recognised‬ ‭human‬ ‭rights‬ ‭with‬ ‭respect‬ ‭to‬ ‭our‬ ‭750+‬‭employees,‬‭the‬‭communities‬‭in‬‭which‬‭we‬‭operate,‬‭and‬‭the‬‭communities‬‭within‬‭which‬‭our‬‭supply‬ ‭chains‬ ‭operate‬ ‭globally.‬ ‭If‬ ‭GoCardless‬ ‭detects‬ ‭that‬ ‭a‬ ‭party‬ ‭which‬ ‭it‬ ‭has‬ ‭a‬‭relationship‬ ‭with‬ ‭is‬ ‭committing‬ ‭human‬ ‭rights‬ ‭or‬ ‭modern‬ ‭slavery‬ ‭offences‬ ‭we‬ ‭will‬‭terminate our relationship with the entity immediately.‬‭ uman‬ ‭rights‬ ‭and‬ ‭modern‬ ‭slavery‬ ‭concerns‬ ‭about‬ ‭any‬ ‭of‬ ‭our‬ ‭suppliers,‬ ‭merchants‬ ‭or‬H‭other‬ ‭parties‬ ‭can‬ ‭be‬ ‭reported‬ ‭to‬ ‭us‬ ‭via‬ ‭the‬ ‭support‬ ‭centre‬ ‭porta‬‭l‬ ‭and‬ ‭we‬ ‭promise‬ ‭to‬‭investigate these fully.‬‭ oCardless‬‭Limited’s‬‭Board‬‭of‬‭Directors‬‭reviewed‬‭and‬‭approved‬‭this‬‭statement‬‭and,‬‭as‬‭a‬G‭declaration‬ ‭of‬ ‭our‬ ‭commitment‬ ‭to‬ ‭address‬ ‭and‬ ‭prevent‬ ‭modern‬ ‭slavery‬ ‭within‬ ‭our‬‭business‬ ‭and‬ ‭our‬ ‭supply‬ ‭chains,‬‭Hiroki‬‭Takeuchi‬‭signed‬‭this‬‭statement‬‭on‬‭the‬‭behalf‬‭of‬‭the Board of Directors.‬‭ iroki Takeuchi‬
H‭Founder & Chief Executive Officer‬‭GoCardless Ltd.‬