Anti Modern Slavery and Human Trafficking Statement
June 2024
INTRODUCTION
This Modern Slavery Statement has been published in accordance with the Modern Slavery Act 2015. This statement encompasses all group companies of Green (Topco) Limited, including all affiliates and subsidiaries, including The Instant Group (“Instant”) as of 01 June 2024.
We are committed to improving our practices to combat slavery and human trafficking. We are dedicated to understanding the risks and taking appropriate steps to ensure that there is no modern slavery in our business and supply chains.
Our Executive Board has overall responsibility for ensuring compliance with this Modern Slavery Statement.
ABOUT INSTANT
We exist to make work smarter for everyone: employees, businesses, and the planet.
For us, this means more than being the world’s largest marketplace for flexible workspace.
It means providing over 250,000 organisations around the world with everything they need to work smarter, whether that be office space, coworking memberships, virtual offices, or meeting rooms. As well as delivering the latest data and insights on the flex market or offering expert consulting services on portfolio strategy, procurement, and sustainability.
It means helping our landlord, operator and investor partners capture demand for flexible workspace and increase revenue by making assets work smarter for them.
By seamlessly connecting supply and demand and providing insight-driven advisory, data, and flex solutions, we help our partners transform their portfolio and stay relevant as the market evolves.
With over 24 years’ data and experience, Instant’s unique approach enables landlords, operators, and investors to build a smarter working world for today’s occupiers.
RISK ASSESSMENT
Our Employees
Instant globally employees more than 450 people who work in our offices, remotely and at our Clients sites.
Sector Risk: Low - Our employees work in a corporate environment which are comparatively lower risk.
Location Risk: Medium – We have a global employee base, some of these employees will work or reside within higher risk geographies.
Risk of occurrence - The risk is significantly reduced by the recruitment and people management controls we have in place.
Our Supply Chain
Instant do not manufacture any products or deliver them directly so working closely with trusted third-party suppliers is crucial to reducing the risk of modern slavery or human trafficking with our supply chain.
Our risk is derived from two core areas, firstly Instant’s Managed Office Solution, which provides turn-key design and build office services for our clients and landlords. Secondly from the technology suppliers we engage with to develop and maintain our web platforms and the technology installed within our managed solution.
Third Party Suppliers – These are suppliers we directly engage to predominantly deliver our Managed Solution and provide the products and services we sell to our clients; it also includes those which keep our business going, most prominently technology suppliers. We have an extensive global supply chain to support this.
Location Risk: Medium – Some of these suppliers may work on our client sites, (including construction workers, cleaners, facilities, and food services providers. Some of these will work in higher risk geographies, all will be subject to a degree of monitoring by an Instant employee.
Risk of Occurrence: High - There are locations and sectors in which our suppliers operate where modern slavery if more prevalent. Particularly in the higher risk services sectors listed above where we are aware of higher instances of industry wide issues.
We have moderate influence and control over these supply chains. We directly select these suppliers and specify the good or services they offer us, but we rely on these suppliers to operate on our behalf. There are several stakeholders involved internally in addition to our procurement team who select and manage these suppliers.
OUR POLICIES
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our supply chains include firms that provide elements of workspace lifecycle such as design, fit out, facilities management and technology. Our approach is embedded within our policies and employment practices. Our Managing Director, Client & Partner Services and Chief Technology Officer have full responsibility for managing the supply chain relationships within their remit.
We expect our suppliers to comply with all laws and regulations including anti-slavery and human rights principles in employment. The policies and processes we have in place to help us identify and mitigate risk areas include the following: -
MONITORING COMPLIANCE
The following supplier management processes and steps enable us to ensure that our suppliers do not engage with any kind of anti-slavery and human trafficking practices: -
MEASURING EFFECTIVENESS
Within the business, our operations and legal divisions work together to ensure compliance with our anti-slavery and human trafficking policy. We can measure how effective we have been in ensuring that slavery and human trafficking is not taking place in any part of our business or within our core suppliers by:
Annual internal policy adherence review and associated follow up actions.
OUR PRIORITIES
In the next financial year, we aim to increase awareness of modern slavery and human trafficking. A new e-learning module will be launched to our Managed Delivery, and Technology teams, and any other parties closely responsible for engaging suppliers. We will target a 90 % completion rate.
Additionally, we aim to enhance our Compliance Monitoring arrangements, and increase the scope and breadth of audits completed across our Supply Chain.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes The Instant Group’s slavery and human trafficking statement for the financial year ending 31st December 2023.
eSigned: Tim Rodber
CEO
Green (Topco) Limited