This statement is made pursuant to Section 54 of the Modern Slavery Act 2015 and sets out the steps that the Situs group has taken and is continuing to take to ensure that modern slavery or human trafficking is not taking place within its business or supply chain.
“Modern Slavery” encompasses slavery, servitude, human trafficking and forced labour. Situs has a zero tolerance approach to any form of Modern Slavery. We are committed to acting ethically and with integrity and transparency in all business dealings and to putting effective systems and controls in place to safeguard against any form of Modern Slavery taking place within the business or our supply chain.
This Statement will be reviewed annually and updated where necessary to reflect changes in circumstances and actual practice. The Statement will be made publicly available on the Situs website.
Situs is the premier global provider of strategic business solutions for the finance and real estate industries, trusted to evaluate, optimize, and manage critical assets and securities; from commercial and residential real estate, to small and medium enterprise and consumer lending. Since 1985, Situs has set the standard in financial services for service, quality and execution. Situs has offices across the US and Europe and has been involved in more than $1 trillion of real estate debt and equity deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $160 billion (€145 billion) of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association.
Situs team members work from our 18 locations in the U.S. and Europe, including Houston, TX; New York, NY; San Francisco, CA; Atlanta, GA; Boca Raton, FL; Philadelphia, PA; Robbins, NC; Des Moines, IA; Washington, D.C.; London, England; Frankfurt, Germany; Copenhagen, Denmark; Dublin, Ireland; Madrid, Spain; Swindon, England; Amsterdam, Netherlands
The Situs group’s suppliers include lawyers, accountants, brokers and other advisers and consultants, as well as suppliers of IT and other professional services. We have minimal contact with countries and sectors that are generally regarded as being the most likely to be a risk for Modern Slavery. Situs does contract with two reputable commercial real estate consulting companies in India that assist us in financial analysis. Both of these companies are comprised of highly skilled employees who focus on maintaining the highest levels of quality and efficiency. Situs utilizes their skill set to assist in completing the financial analysis associated with loan originations, underwriting, closing, securitization, servicing, and asset management.
The Situs group is not aware of any instance in its business or supply chain that would constitute slave labour practices or human trafficking.
As an organisation whose business predominantly consists of advisory and asset management services, Situs considers the risk of Modern Slavery within its business to be low. Nevertheless, it is the policy of the Situs group not to tolerate slavery and human trafficking practices within its business and supply chains.
To that end, we operate a number of internal policies and practices to ensure that we are conducting business in an ethical and transparent manner, including:
To ensure a sufficient understanding of the risks of Modern Slavery in our supply chains and our business, we will include details in our Employee Handbook about what constitutes Modern Slavery and Situs’s zero tolerance approach.
The Situs group’s Executive Management Team has endorsed this policy and affirms Situs’s commitment to combat Modern Slavery.
Chief Executive Officer
President and COO