Macquarie AirFinance is a global aviation lessor providing aircraft and capital to the world’s airlines. Our staff interact with customers, suppliers and business partners throughout the world. In all our interactions and business activities, we are committed to the highest standards of honesty, integrity and transparency. We adopt a zero tolerance policy to any form of slavery or human trafficking and are committed to requiring the same high standards from our staff, customers, investors, suppliers and other stakeholders.
Macquarie AirFinance supports fundamental human rights as set out in the Universal Declaration of Human Rights and core International Labour Organisation conventions. In line with the UN Guiding Principles on Business and Human Rights, we recognise the duty of States to protect human rights as well as the fundamental responsibility of businesses to respect human rights. We adhere to applicable anti-slavery and human trafficking laws in the jurisdictions in which we carry on business. These laws include the United Kingdom’s Modern Slavery Act 2015 (the “UK Act”) and Ireland’s Criminal Law (Human Trafficking) Act 2008 to 2013.
The UK Act requires that certain bodies corporate and partnerships carrying on a business, or part of a business, in the United Kingdom prepare and publish an annual “Slavery and Human Trafficking Statement”. The statement must set out the measures an organisation has taken during its financial year to ensure that slavery or human trafficking is not taking place in its supply chain or within its business. The statement is intended to provide our stakeholders with the ability to make better, more informed choices about the products and services they buy and the businesses they support.
This document (this “Statement”) comprises the Slavery and Human Trafficking Statement of Macquarie AirFinance (including Macquarie AirFinance Acquisitions (UK) Limited) for the financial year ended 31 March 2022.
The commercial aircraft leasing industry is a low risk industry from a slavery and human trafficking perspective. Macquarie AirFinance’s main suppliers are:
all of which are considered low risk.
Our customers are:
all of which are also considered low risk.
That said, Macquarie AirFinance is committed to mitigating the risk of modern slavery and human trafficking occurring in its business operations and supply chain and, in that regard, has taken the steps described in paragraphs 4, 5 and 6 below to mitigate those risks.
Macquarie AirFinance takes steps to evaluate and mitigate the risk that any activity relating to slavery and human trafficking may occur in its supply chain. In particular, and having regard to the risk profile of the supplier or contractor, Macquarie AirFinance may perform due diligence on suppliers or contractors at the start of a business relationship. This due diligence process will (as appropriate) include an analysis of the activity carried out by the supplier or contractor and a review of publicly available information in order to identify instances that may give Macquarie AirFinance cause for concern.
Macquarie AirFinance takes appropriate steps to verify, evaluate and mitigate the risk that its products and services may be used by a customer for the commission of slavery and human trafficking. As part of the on-boarding of customers, Macquarie AirFinance carries out customer due diligence (“CDD”) which includes:
in order to identify instances that may give us cause for concern. Thereafter and throughout the term of the business relationship, periodic CDD reviews are completed on the customer.
Macquarie AirFinance has an established set of policies and procedures that govern the way it operates. These are relevant to how we mitigate slavery and human trafficking risks in our business, and include:
Macquarie AirFinance is committed to continuing its zero tolerance attitude to any form of slavery or human trafficking and requiring the same high standards of our staff, customers, investors, suppliers and other stakeholders. We will continue to monitor and review (as deemed appropriate):
If there are any queries regarding this Statement and/or slavery and human trafficking, please contact Macquarie AirFinance’s General Counsel.
This Statement comprises the Slavery and Human Trafficking Statement of Macquarie AirFinance (including Macquarie AirFinance Acquisitions (UK) Limited) for the financial year ended 31 March 2022.
Chief Executive Officer
Date: 31 August 2022