Last Updated Apr 2023
Modern Slavery Statement:
Brown Advisory Limited
Introduction
This statement is published in accordance with the Modern Slavery Act 2015 (the ‘Act’) and sets out the actions that Brown Advisory Limited (‘the Firm’) has taken to understand all potential modern slavery risks related to the Firm’s business, and to take steps to ensure that slavery and human trafficking are not taking place internally or within our supply chains during the financial year, ending 31 December 2022.
Brown Advisory
The Firm is Part of the Brown Advisory group (Brown Advisory), a privately-owned investment manager, headquartered in the US with over 800 employees. Brown Advisory provides investment services to institutions, charities, individuals and families. In the UK the Firm is authorised and regulated by the Financial Conduct Authority.
Our Commitment
Brown Advisory is committed to ensuring that all employees are able to enjoy a working environment where their safety, security and dignity are respected. We promote a diverse, equitable and inclusive culture. We will not allow forced labour within our business and will not tolerate such practices anywhere within our supply chain.
Risk Assessment
As a regulated financial services business, our supply chain is relatively limited and generally involves the provision of professional services to support our investment activities. Brown Advisory’s employees are supported by a dedicated human resources team and have numerous resources available to support a healthy work-life balance and to promote wellbeing. In the UK, the Firm maintains appropriate policies, including a Whistleblowing Policy, to ensure that all relevant legal requirements are observed and that issues can be raised.
The supply chain includes outsourced service providers, which are subject to extensive due diligence and ongoing monitoring, and other suppliers of services (for example, those who provide support services to the London office) who are subject to review of their employment practices prior to appointment. The Firm seeks to contract only with well established, reputable firms, whose treatment of their staff is transparent and ethical.
Training
Employees of the Firm are required to undertake regular training on how to engage with their colleagues in a respectful and productive manner. Brown Advisory’s internal policies, procedures and training cover mandatory conduct requirements for colleagues, e.g. anti-bribery and corruption, conflicts of interest and emphasize that breaches of human rights will not be tolerated. In addition, employees have been briefed on the intent of this Policy Statement and on understanding the risks of modern slavery and human trafficking within the supply chain.
Approval
This Statement has been approved by the Board of Brown Advisory Limited.