Modern Slavery & Human Trafficking Statement


1.1       At ifac, we are committed to preventing acts of modern slavery and human trafficking from occurring within our business and supply chain and impose the same standards on our suppliers.

1.2       This statement sets out the actions that we have taken to understand all potential modern slavery risks related to our business, and to implement steps to prevent modern slavery and human trafficking occurring during the financial year ending 2021.

2 Structure of the organisation

2.1       Ifac is incorporated under the laws of the Republic of Ireland, Industrial and Provident Society registration number 3528R, whose registered office address is at Danville Business Park, Ring Road, Danville, Kilkenny.  Ifac is the brand name under which Irish Farm Accounts Co-operative Society Limited and its subsidiaries operate and provide professional services.  Each of its subsidiaries is a separate legal entity and together they form ifac.

2.2       Founded in 1975, ifac is Ireland’s farming, food, and agri-business specialist professional service firm. We are an award-winning employer and one of Ireland’s Top Ten Accountancy Firms operating from more than 30 locations nationwide.

3 Policies

3.1       As part of our commitment to combating modern slavery and human trafficking, we have implemented the following policies:

3.1.1     Whistleblowing Policy – we encourage all employees, contractors, clients and suppliers to report any suspicion of slavery or human trafficking.

3.1.2     Code of Conduct – our code clearly states the actions and behaviour expected of our employees and contractors when representing ifac.

3.1.3     Purchasing Code – we have updated our Purchasing Code and our supplier contracts shall make explicit reference to slavery and human trafficking.

4 Due diligence

4.1       As part of our efforts to monitor and reduce the risk of modern slavery and human trafficking occurring within our supply chains, we have adopted the following due diligence procedure during onboarding and for existing suppliers at regular intervals. This includes:

4.1.2     Ensuring that our suppliers have a modern slavery statement.

4.2.       Our procedures are designed to:

4.2.1        Establish and assess areas of potential risk in our business and supply chains.

4.2.2        Monitor potential risk areas in our business and supply chains.

4.2.3        Reduce the risk of slavery and human trafficking occurring in our business and supply chains.

4.2.4     Provide adequate protection for whistle-blowers.

5 Risk and compliance

Ifac regularly evaluates the nature and extent of its exposure to the risk of modern slavery occurring in its supply chain.

We do not consider that we operate in high-risk sectors or locations.

We ensure all our suppliers adhere to our anti-slavery policy. We enforce a strict code of compliance and do not tolerate modern slavery and human trafficking within our supply chain. For example, if we find evidence of a failure to comply with our policies, we will immediately seek to terminate our relationship with the relevant supplier.

6 Further actions and sign-off

Over the course of the next financial year, we will continue to raise awareness and understanding the risk of modern day slavery within our organisation and enhance our procedures to help us identify, prevent and mitigate any risks of modern slavery or human trafficking in relation to new and existing suppliers.

During the financial year ended 31st December 2020, ifac did not receive any reports related to knowledge or suspicion of slavery or human trafficking.

This statement was approved by Chief Executive Officer