Beacon Rail logo

Modern Slavery

Statement

ESG:

Introduction

Modern slavery is a criminal offence and is a violation of human rights. The Modern Slavery Act 2015 defines modern slavery to include slavery, servitude, forced or compulsory labour and human trafficking.

Beacon is committed to ensuring that there is no possibility of modern slavery occurring within our business or within our supply chain. We deliver that commitment by implementing policies which cover modern slavery, as set out below.

We take a zero-tolerance approach to modern slavery. This statement sets out the means by which Beacon implement and enforces this approach to minimise the risk of modern slavery taking place within our organisation or supply chain.

Our organisation

Beacon is a rolling stock leasing company primarily serving the UK and European marketplace.

The purpose of Beacon is to provide the leading rail leasing service to passenger and freight train operators. Safety is central to everything we do. We are committed to the wellbeing of all our employees where health and safety is part of our everyday work conversations.

Beacon has an industry leading management team with extensive rail asset management expertise and capital markets experience, enabling it to meet the equipment needs of its customer base, and employs 38 professional, engineering and support staff in Luxembourg and London.

The supply chain of Beacon includes rolling stock manufacturers, asset maintenance providers and customers who take our rolling stock on lease.

Beacon has turnover in excess of £36 million.

Our approach

In order to assess and address the risk of modern slavery and human trafficking, we take the following approach.

  • We ensure that our suppliers are aware that we are unwilling to work with them unless they comply with the Modern Slavery Act 2015 and have and adhere to policies which are sufficient to ensure that their supply chains are free from modern slavery;
  • We carry out audits and inspections on various parties in our supply chain to ensure that the high standards we adhere to are reflected in the operations of our business partners;
  • We deliver training to our board and employees to ensure that our people are aware of the health, safety, quality and environmental risks in our business, and how best to manage the risks associated with each of these areas;
  • We tailor the nature and extent of the due diligence we carry out on the various parts of our business and supply chain depending on the geographical location of those operations, and how high the risk of modern slavery, human trafficking and other breaaches of human rights are in those locations; and
  • We provide adequate protection for whistle-blowers.

It is the policy of Beacon to remain fully compliant with all laws which apply to it, including the Modern Slavery Act 2015 and all other laws, regulations and directives in relation to modern slavery and human trafficking. Beacon has stringent policies in place to ensure the proper oversight of the construction, manufacturing and maintenance of our assets.

Monitoring our performance

The management of Beacon carry out regular inspections, reviews and audits to ensure that these policies are complied with and are adequate to ensure that we are complying with the high standards which we set for ourselves, as well as those imposed by law. Beacon will monitor the effectiveness of the measures identified above to identify any areas in which we need improvement, and to implement such improvements as soon as possible.

Legal references

This statement is made under section 54 of the Modern Slavery Act 2015 and constitutes Beacon’s slavery and human trafficking statement for the financial year commencing January 2020 and ending December 2020.

Board approval

This statement was formally approved by the Board of Beacon.

Adam Cunliffe
Chief Executive Officer

Keith Howard
Chairman
9 March 2020


Sustainability Policy

We are proactive in taking steps to ensure our impact is as positive as possible.

Sustainability Policy

Find out more

Environmental Policy

We are committed to helping drive forward environmental improvements associated with the rail sector.

Environmental Policy

Find out more

Health, Safety and Welfare Policy

The safety of our people, customers and operations is central to everything we do.

Health, Safety and Welfare Policy

Find out more

For Passenger or Freight enquiries please use the relevant contact for your region.