Slavery and human trafficking policy statement

Financial year 2024/2025

This statement is made pursuant to Section 54(1) of the Modern Slavery Act 2015 and sets out the steps taken by McLaren Property Group during the financial year ending 31 July 2025 to prevent modern slavery and human trafficking in our business operations and supply chain.

Introduction

Slavery and forced labour can take many forms, including human trafficking or child labour.
Given our links to the construction industry, McLaren Property Group recognises that it has a responsibility to take a robust approach to preventing slavery and human trafficking. We take the issue of modern slavery extremely seriously and this statement sets out the actions we have taken to understand the potential risks in this area and ensure that unfair working practices have no place in our business, our supplier chain nor any other companies we work with.

Organisational Structure

This statement applies to McLaren Property Group, comprising McLaren Property Holdco Limited and all subsidiary companies (including but not limited to McLaren Property, McLaren Living and McLaren Regeneration (together, the “Company”).
We are a UK based property developer specialising in student accommodation and build to rent schemes. We operate from permanent offices in London, Leeds and York.
To deliver our developments, we work with a wide range of suppliers, including construction contractors, specialist trades, consultants and professional service providers.

Our Policies on Slavery and Human Trafficking

We are committed to acting ethically and with integrity in all business relationships. Our policies and practices aim to ensure that modern slavery is not taking place within our organisation or supply chain. These include:

Whistleblowing Policy
Recruitment and Right to Work procedures (including compliance with the Immigration Act 2015)
Requiring compliance with all relevant legislation from those we work with

Our policies are reviewed regularly to ensure they remain effective and aligned with best practice.

Risk Assessment and Management

We recognise that within our industry sector the highest risks of modern slavery lie within:

Labour intensive construction activities
Sub contracted labour
Lower tier suppliers where visibility is reduced
Overseas manufacturers of building materials

During the reporting year, we undertook the following risk management activities:

Reviewed our supply chain to identify high risk categories
Strengthened pre qualification checks for contractors and consultants
Required evidence of suppliers’ own modern slavery policies and due diligence processes
Monitored compliance through contract management and performance reviews

If risks were to be identified, our policy is to work with suppliers to address concerns or, where necessary, terminate relationships.

Due Diligence in our Supply Chain

We expect all suppliers to uphold high ethical standards and comply with the Modern Slavery Act 2015. Our due diligence processes include:

Ongoing monitoring of supplier performance and compliance
Requirement for suppliers to conduct due diligence on their own supply chains
Contractual clauses requiring compliance with modern slavery legislation

We only work with reputable third parties and expect each entity in the supply chain to take ownership of compliance within their tier.

Training and awareness

To ensure a high level of understanding of modern slavery risks:

All employees receive training on recognising and reporting potential signs of modern slavery
Modern slavery awareness is incorporated into induction for new employees

This statement has been approved by the Board of Directors of McLaren Property Group. The Board has delegated authority for signing this statement to the Group Financial Director.