Modern Slavery Act Transparency Statement
Introduction
We, LBG Media plc and our group companies (the Group), are
a
multi-brand, multi-channel digital entertainment business, with
a global
audience of over a billion operating across all major social
platforms
and our websites.
As a leading digital entertainment business with a focus on young
adults,
we are aware that we have a powerful global platform to push a
socially
responsible agenda, represent our audience and enable those that
do not
have equal opportunities to have their voices heard. This is
shown in
our mission statement: to give young adults a voice by building
communities that laugh, think and act. The Group has been widely
recognised across the industry for its impactful and perception
changing
campaigns. Further details on our business model and how the
Group
recognises the importance of being an environmentally and
socially
responsible business, can be found within the LBG
Media plc
annual report and accounts for the year ended 30 September
2024.
We are committed to improving our practices to combat slavery and
human
trafficking anywhere within our business and supply chains. This
statement is made pursuant to section 54(1) of the Modern
Slavery Act
2015 and constitutes the Group’s, slavery and human trafficking
statement for the financial year ended 30 September 2024.
Organisation structure
LBG Media plc is the ultimate parent company of the Group and
each of its
wholly owned subsidiaries listed below. The Group delivered
global
revenue of £64.9m for the year ended 30 September 2024.
- LBG Holdco Limited
- LADbible Group Limited
- Studio Joyride Limited
- FOODbible Limited
- CONTENTbible Limited
- GAMINGbible Limited
- Pretty52 Limited
- LASSbible Limited
- ODDSbible Limited
- SPORTbible Limited
- LADbible Limited
- UNILAD Group Limited
- LADbible Australia Pty Limited
- LADbible New Zealand Limited
- LADbible Ireland Limited
- LBG Holdco US Inc.
- LADbible US Inc.
- Betches Media, LLC
Supply chains
Our suppliers include content providers, event management
companies,
large and small technology and software suppliers, IT and other
office
equipment suppliers, branded merchandise providers, professional
services and office cleaning and other office facilities
services.
The Group is not aware of any slavery or human trafficking in any
part of
its business or supply chain and no such issues were raised
during the
financial year ended 30 September 2024. The Board has overall
responsibility for risk management within the Group which is
reviewed
regularly to ensure risk controls are in place. The risk of
slavery or
human trafficking in any part of its business or supply chain,
is
considered low and not a principal risk of the Group.
Steps taken to combat slavery and human trafficking
We have measures in place to identify, assess, mitigate and
monitor the
risk of slavery and human trafficking in our supply chains, as
follows:
- he Group’s suppliers are subject to scrutiny and supplier
onboarding
processes which act as due diligence and compliance tools
for the
Group.
- The majority of our suppliers adhere to our standard
Supplier Terms
and Conditions (Supplier Ts&Cs) or alternative
contractual terms are negotiated which are subject to
rigorous legal
review. The Supplier Ts&Cs contain anti-slavery and
human
trafficking provisions, anti-bribery and anti-corruption
provisions
and more generally, provisions relating to complying with
all
applicable laws and regulations.
- The Supplier Ts&Cs contain notification requirements in
the
event that a supplier becomes aware of any actual or
suspected
breach of anti-slavery and human-trafficking (and
anti-bribery,
anti-corruption) laws and regulations. The Supplier
Ts&Cs also
oblige our suppliers to contract with their subcontractors
on a
similarly onerous contractual basis. The Group reserves its
right to
immediately terminate the relevant supplier contract in the
event of
a breach of these provisions and to inspect/request (if
required) a
supplier’s premises/records of compliance.
- If a supplier has not signed up to the Supplier Ts&Cs,
the
supplier would be subject to a separate negotiated agreement
with
the relevant entity in the Group. Each such contract would
generally
contain provisions relating to complying with all applicable
laws
and regulations. For suppliers representing a higher risk to
slavery
and human trafficking in their business or supply chains the
Group
would include more specific contractual obligations in
relation to
anti-slavery and human trafficking, anti-bribery and
anti-corruption. The Group would assess higher risk
suppliers by
reference to the sector/industry and location in which they
operate
and the type of supplier and their relationship to the Group
(for
example, transaction/business risk assessment and a
product/materials risk assessment). The in-house legal,
finance and
compliance teams are involved in assessing such ‘higher
risk’
contract negotiations and supplier due diligence and seek
specialist
advice if required.
- The Directors of LBG Media plc support a high standard of
corporate
governance and voluntarily observe the Quoted Company
Alliance’s
Corporate Governance Code (the QCA Code) since the
admission
of LBG Media plc on the London Stock Exchange’s Alternative
Investment Market in December 2021. The Directors believe
that the
QCA Code provides the Group with a framework to ensure that
the
right standards of governance are established, enabling a
strong
governance culture to be embedded as part of building a
successful
and sustainable business for all of the Group’s
stakeholders.
Principles 3 and 4 of the QCA Code provide that the Board:
(i) must
take into account wider stakeholder and social
responsibilities and
their implications for long-term success and (ii) embed
effective
risk management, considering both opportunities and threats,
throughout the organisation. Further details of the Group’s
compliance with the QCA Code and the Board’s assessment of
the
principal and emerging risks to the Group can be found in
the LBG
Media
plc annual report and accounts for the year ended 30
September
2024.
- The Group has appropriate policies in place that underpin our commitment to a sustainable and responsible business. These policies are continuously reviewed and updated, and set out in the employee handbook, which is provided to all employees upon their commencement of employment and available throughout the duration of their employment in an easily accessible portal. The policies and the handbook more generally are designed to ensure that all staff conduct the business in an honest, fair, transparent ethical manner and to protect whistleblowers.
The Group shall continue to undertake due diligence and monitor
the risks
of modern slavery and human trafficking in its supply chains and
operations, implement measures internally and externally, to the
extent
necessary, to tackle any risk of slavery and human trafficking.
Approval
This statement was approved by the Board of Directors of LBG Media plc on 28 March 2025.
Alexander Solomou
Chief Executive Officer
on behalf of
the Group
28 March 2025