Modern slavery statement

Organisational Structure

Magnetic (referred to as “the Organisation”) is a design and innovation company. Our team comprises talented, autonomous individuals who work across client-facing squads and an enablement team focused on operations, people, finance, and marketing.

Our core activities are professional services for design and innovation, assisting clients in uncovering insights, developing creative solutions, and designing products and services. We work predominantly in the UK, where our head office is based, but have previously operated internationally in the US, UAE, India, Spain, France, Germany, Hong Kong, Mexico and Canada.

Definitions

The Organisation considers that modern slavery includes, but is not limited to:

• Human trafficking
• Forced or compulsory labour
• Being controlled through mental or physical abuse or threats
• Being dehumanised, treated as a commodity, or bought or sold as property
• Restrictions on freedom of movement

Commitment

We are committed to designing better futures that do not include slavery. We fully support the principles of the Modern Slavery Act 2015 and oppose all forms of modern slavery. 

As a certified B Corporation, we reflect our commitment to balancing purpose with profit. We meet the highest social and environmental performance standards, transparency, and accountability, using our business as a force for good. Through sustainable practices, ethical decision-making, and community engagement, we strive to positively impact our employees, customers, and the planet.

We acknowledge our responsibility to:

• Review our internal practices in relation to our workforce
• Review our supply chains to ensure compliance with the Act
• Terminate relationships with any party found to be engaged in modern slavery or human trafficking
  

At Magnetic, we believe that by aligning our values with our business strategies, we can create lasting change and drive meaningful progress for future generations.

Supply Chains

Our supply chains are primarily professional services, IT equipment, and business support services. We work with reputable suppliers and require them to publish their own modern slavery statements, where legally required. All new suppliers are subject to due diligence checks, including modern slavery risk assessments.

Recruitment, Selection and Employment 

• All employees are recruited via processes that ensure the legal right to work in the UK, supported by the Baseline Personal Security Standard (BPSS).
• Our benefits package and employment policies consistently exceed statutory minimums, reflecting our commitment to safeguarding our people.
• We do not use forced, bonded, or involuntary labour in any form.

Risk Assessment and Potential Exposure

We consider our overall exposure to modern slavery risk as limited, but recognise potential areas of vulnerability:

• Technology equipment supply chains, where forced labour has been identified globally
• Travel and accommodation providers, where service sector exploitation may occur
• International engagements, particularly in countries with weaker labour protections
• We mitigate these risks through due diligence, supplier reviews, and contractual
  safeguards.

In general, the Organisation considers its exposure to slavery/human trafficking to be relatively limited. We have taken steps to ensure that such practices do not take place in its business nor the business of any organisation that supplies goods and/or services to it.

However, we have taken steps to mitigate this risk, ensuring that slavery and human trafficking do not occur within our business or supply chains.

In accordance with section 54(4) of the Modern Slavery Act 2015, the Organisation has taken the following steps to ensure that modern slavery is not taking place:

• Our supplier contracts include termination powers if the supplier is, or is suspected to be, involved in modern slavery
• Our finance department is responsible for identifying and assessing the potential
  risks in our supply chains
• Should we find any supplier or client is engaged in modern slavery, we will terminate our relationship with them
• In FY26 and beyond, we will explore formalising our commitment by introducing ISOs
• All staff must read and confirm their understanding of this statement annually, as well as complete mandatory training.

Reporting and Whistleblowing 

We have established a confidential reporting channel at This email address is being protected from spambots. You need JavaScript enabled to view it..

• Reports can be made anonymously.
• Whistleblowers are protected under our Whistleblowing Policy.
• All reports will be investigated, and appropriate remediation steps will be taken.

Key Performance Indicators

To measure our effectiveness, we have set the following key performance indicators:

• Annual policy review, including legal and industry standards, with updates reported to the Board
• Regular updates to this statement with progress and actions taken as required
• Number of reported incidents and outcomes of investigations

Governance and Accountability

Isosceles act as the Slavery Compliance Officer.

The Compliance Officer reports directly to the Leadership Team and works alongside the HR Department to ensure legal and ethical standards are maintained.

Policy Communication and Accessibility 

This policy is available to all employees, suppliers, and stakeholders. It is published on our intranet and included in onboarding materials. 

Date of change

September 2025

Section updated: V2

• Commitment 
• Key performance indicators 
• Recruitment, selection and employment
• Risk assessment and potential exposure

Change made by: Francesca Davis

April 2026

Section updated: V3

• Contacts

Change made by: Francesca Davis

May 2026

Section updated: V4

• Review date (September 2025 to May 2026)
• Next review date updated (September 2027)

Change made by: Jassi Porteous