Modern Slavery Statement.
Prenax – Modern Slavery Act Transparency Statement
This statement is made pursuant to the requirements of Section 54 of the Modern Slavery Act 2015 on behalf
of Prenax and sets out the steps taken by the company to identify, address and prevent modern slavery and
human trafficking in our business and supply chain.
Prenax does not tolerate any form of slavery, human trafficking or other similar work environments or
practices and is committed to maintaining and improving the processes it has in place to help ensure that
these abuses do not occur either in its own operations or those of its suppliers. The following statement
reflects the activities and efforts undertaken to achieve this during the previous financial year.
Our business and supply chains
Prenax is a subscription and information service provider. We support companies and other organizations
with a wide range of services that simplify the acquisition and management of subscriptions and other
content. We act as an intermediary between publishers and libraries, or any other organizations wishing
to purchase published content and provide our customers with software to manage their subscriptions.
We employ over 250 people in 11 countries.
We are fully committed to ensuring that we do not participate in the violation of human rights and would
expect the same from our suppliers.
Prenax policies and procedures
Prenax corporate responsibility is a fundamental part of who we are as company. We are committed to
ensuring compliance with the principles of the United Nations Universal Declaration of Human Rights
throughout our business operations.
HR policies and procedures:
We actively and at least annually review our HR and recruitment policies and procedures to ensure that
we comply with all applicable laws and protect the rights and freedoms of all those working in our operations.
Our recruitment and employment policies address issues such as working hours, working conditions,
whistleblowing, discrimination, health and safety in the workplace, holiday and sick pay. We pay all eligible
employees and freelancers the real Living Wage or real London Living Wage. Each business area throughout
our global operations has a dedicated HR team to provide continuous support and guidance on all these
Prenax Code of Conduct sets out our business ethics for all our employees and colleagues and any breach
of the Code is a breach of their employment terms. Reports of violations of Prenax policies are investigated
thoroughly and remedial including disciplinary action is taken where necessary.
We review at least annually our procurement policies and procedures to ensure that we comply with all
applicable laws and protect the rights and freedoms of all those working in our supply chain.
All staff have access to a confidential whistleblowing process for raising concerns including in relation
to modern slavery or human trafficking and it is clear from Prenax policies that all staff are invited to speak up
if they have any concerns or suspicions that any violation has taken place and will be protected of any
Supply Chain Risk and Due Diligence
Prenax does not operate in a high-risk industry or a high-risk jurisdiction. Based on our supply chain,
which comprises mostly of organizations form Europe and North America who publishers and produce
content, we a very low risk of any modern slavery in our operations. However, Prenax recognizes that it has
a low risk through the use of suppliers, and therefore we focus on due diligence processes and contractual
terms in relation to slavery and human trafficking in our supply chains.
The board of Prenax have viewed and approved this statement and will review it annually.