Virgin Records Limited is part of the Universal Music Group and operates in the businesses of recorded music.
The principal activity of the company is the distribution, marketing, promotion and sale of all forms of recorded music.
Virgin Records Limited fully supports the aims of the Modern Slavery Act 2015 and is committed to carrying out its business in a fair and honest manner. We understand the importance of ethics in our business and we are constantly trying to improve our processes to ensure that we adhere to ethical business practices.
We are, and have been for many years, committed to human dignity and we respect the rights of individuals in every aspect of our work. Practices that degrade other people – discrimination, slavery, child labour and unfair and unsafe working conditions – have no place in our company, industry or society. We take steps to protect human rights in our business, including endeavouring to ensure we choose business partners who share our commitment to respecting human rights and doing business with integrity.
This statement reflects our commitment to acting ethically in our business relationships and the fact that we do not tolerate any form of slavery, human trafficking or child labour, including:
Due to the nature of our business, we assess that there is very low risk of slavery and human trafficking in our business. We do not have specific key performance indicators in this area as we would expect any instance to be a breach of law and/or our company policies.
We endeavour to ensure that contracts to be entered into with suppliers and contractors contain provisions requiring those third parties to comply with applicable laws and allow for us to terminate our contracts with any suppliers who do not comply. Notwithstanding the steps we take in this area, it is ultimately our suppliers’ duty to respect the applicable laws and ethics on human rights.
Our Code of Conduct identifies the risks of modern slavery in our business and sets out our policy in relation thereto. The Code of Conduct is made available to all employees and periodical online training is provided to ensure they are familiar with its principles.
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 31st December 2019.
Adam Barker
Director
Virgin Records Limited