Modern Slavery Statement
Organisational structure
CA Auto Finance UK Limited (“we” or “the Company”) is a wholly owned subsidiary of CA Auto Bank S.p.A.
The Company was founded as joint venture in 1992 with the name of Fiat Inventory Services, which changed to Fiat Auto Financial Services in 1996,to FGA Capital in 2009, FCA Automotive Services UK Ltd in 2015 and to CA Auto Finance UK Ltd in April 2023.
The parent CA Auto Bank S.p.A., a licensed Bank in Italy, is a wholly owned subsidiary of Crédit Agricole Consumer Finance SA, part of Crédit Agricole SA, a French banking group.
CA Auto Bank S.p.A. has its head office in Italy and operates across Europe and North Africa.
This statement sets out the steps taken to remove, as far as possible the risk of modern slavery taking place in our supply chain or any part of our business under section 54 Modern Slavery Act 2015.
Our business
CA Auto Finance UK Ltd is the retail financing side of the business, promoting the development of retail financial services to support the sales of vehicles by manufacturers, brokers and retailers.
Our supply chains
CA Auto Finance UK Ltd is committed to ensure that there is no modern slavery or human trafficking in our supply chains or in any part of the business. The Company is committed to sustainability and promotes the requirement to consider social safeguards and human rights when selecting suppliers as well as implementing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in the supply chains.
The Company supply chains include:
• CA Auto Bank SpA. which provides the funds required for the Company to lend;
• Motor manufacturers such as Tesla, Lotus, Morgan, Pilote, Erwin Hymer Group, Royal Enfield,
KGM, etc.
• Motor retailers who supply us with vehicles made by various manufacturers and which we, in
turn, supply to customers on finance;
• Suppliers of IT and other office equipment; and
• Professional service suppliers such as lawyers, accountants, auditors and other consultants.
Our approach to Modern Slavery and Human Trafficking
CA Auto Finance UK Ltd has a zero tolerance approach to slavery and human trafficking. Consistent with the Company’s values, warranties are introduced into new and renewed supplier contracts to the effect that the supplier is compliant with the provisions of the Modern Slavery Act 2015.
Policies and Procedures
Also, as part of our ongoing commitment against modern slavery, policies and procedures are
reviewed periodically, including but not limited to:
• Modern Slavery Act Policy
• Purchasing and Tender Procedure
• HR Policies and Procedures
• Whistleblowing Procedure
Due diligence processes
The Company is confident that there is no modern slavery or human trafficking taking place directly within the business due to the skill level of employees typically engaged.
As part of our initiative to identify and mitigate the risk of modern slavery and/ or human trafficking, when on boarding a new supplier the Company is carrying out adequate due diligence as part of the Tender and Purchasing process.
Our Intermediary oversight programme also includes checks on our retailer network to monitor
compliance with the Modern Slavery Act and statement requirements.
Training & Further steps
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, the Company is providing periodic training for staff and, in particular, those who engage with the Company’s suppliers.
For 2024, the Company intends to continue staff training on an annual basis, on-going due diligence and monitoring of its suppliers and third parties, to strengthen the oversight of its Retailers and Brokers network and to carry out further risk assessments as part of the wider Company’s approach to risk management.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2023 as approved by the Board of Directors.
Signed on behalf of the Board by:
Alex Hughes
Managing Director
CA Auto Finance UK Ltd