About Yorkshire Building Society
Managing the Risk of Modern Slavery
Purchase of Goods, Services and Resources
When using services (including human resources) outside of the UK, we may employ colleagues both in the UK and in other countries. Where applicable, we have contracts in place for everyone working for YBS and for suppliers based outside of the UK. This ensures that YBS remains compliant with regulatory requirements and our own business standards.
- Due Diligence checks: We carefully check our suppliers before signing a contract.
- Ongoing Risk Monitoring: We regularly check our suppliers’ risk profiles to ensure they remain unchanged throughout the contract lifecycle.
We have published a set of Minimum Standards for Suppliers, which outlines our position and expectations of all suppliers in regard to Modern Slavery. This document is referenced in all competitive supplier processes.
Our Customers and our Colleagues
- Providing a Place to Call Home
- Improving Financial Wellbeing
- Investing in Our People
- Build a Greener Society
Risk Assessment and Due Diligence
Our Policies in relation to Modern Slavery
- Modern Slavery Policy
- Financial Crime Policy
- Procurement and Third Party Risk Policy
- Whistleblowing Policy
- Employee Code of Conduct
- Supplier Procurement Code of Conduct and Minimum Standards for Suppliers
- Recruitment Policy Guide
We use various controls to protect our members’ money and personal information and safeguard our systems and services. This ensures they are not used to perpetrate or facilitate crime, including Modern Slavery offences. In addition, colleagues must remain vigilant and report any suspicious activity that may be linked to Modern Slavery or Human Trafficking.
Training on Modern Slavery and Human Trafficking
Our 2024 Pledges
Pledge 1 - Refine and enhance the mandatory Modern Slavery module (AML), and pro-actively promote drop-in sessions to all high-risk areas to continue Policy adherence.
Enhancements to the Modern Slavery training and four drop-in sessions completed.
Pledge 2 - Actively assess Modern Slavery process adherence within the Supply Chain & other Contractual Relationships which sit outside of the Third-Party Risk Framework.
New and existing suppliers now follow the risk triage assessment process.
Pledge 3 - Drive communications to uplift colleagues’ knowledge and awareness of Modern Slavery Policy and their responsibilities.
Throughout the year, seven targeted surveys identified knowledge gaps, guiding the focus of our drop-in sessions.
Pledge 4 - Review the Society’s Policies and Processes in higher risk areas to ensure Modern Slavery Policies are considered and referenced.
All Tier One Policies have been reviewed, and any necessary references have been added or scheduled for inclusion in next review.
Pledge 5 - Ensure the Society’s approach to Modern Slavery remains in line with the Society’s strategic direction and the external environment. Enhance this by using insight from external sources.
Modern Slavery Policy updated 2024 taking into consideration our strategy and changes in the external environment as identified in our Regulatory Scanning.
Our 2025 Pledges
Pledge 1 – We will monitor adherence to our Modern Slavery Policy across our business, and ensure we maintain the levels of training and awareness that underpin the Policy.
Pledge 2 – We will maintain the controls which assess current and potential suppliers against the risk of Modern Slavery.
Pledge 3 – We will continuously review key Tier 1 YBS policies to ensure controls are effective in preventing Modern Slavery.
Pledge 4 – We will monitor changes in the external environment, including emerging risks, new legislation, and best practices, to ensure our approach remains relevant and proactive.
Pledge 5 – We will ensure our strategic objectives and investment aligns with our commitment to preventing Modern Slavery and promotes ethical practices.

Date: 28 03 2025
This statement covers the period of the financial year January 2024 to December 2024.
This statement was correct at the time of publication on 28 March 2025. Changes in circumstances since may affect its accuracy.