LM Prenax – Modern Slavery Act Transparency Statement

This statement is made pursuant to the requirements of Section 54 of the Modern Slavery Act 2015 on behalf of LM Prenax Oy (LM Prenax) and sets out the steps taken by the company to identify, address and prevent modern slavery and human trafficking in our business and supplychain.

LM Prenax does not tolerate any form of slavery, human trafficking or other similar work environments or practices and is committed to maintaining and improving the processes it has in place to help ensure that these abuses do not occur either in its own operations or those of its suppliers. The following statement reflects the activities and efforts undertaken to achieve this during the previous financial year.

Our business and supply chains

LM Prenax is a subscription and information service provider. We support libraries and other organizations with a wide range of services that simplify the acquisition and management of subscriptions and other content. We act as an intermediary between publishers and libraries or any other organizations wishing to purchase published content and provide our customers with software to manage their subscriptions. We employ over 150 people in 11 countries.

We are fully committed to ensuring that we do not participate in the violation of human rights and would expect the same from our suppliers.

LM Prenax policies and procedures

LM Prenax’s corporate responsibility is a fundamental part of who we are as company. We are committed to ensuring compliance with the principles of the United Nations Universal Declaration of Human Rights throughout our business operations.

HR policies and procedures:

We actively and at least annually review our HR and recruitment policies and procedures to ensure that we comply with all applicable laws and protect the rights and freedoms of all those working in our operations. Our recruitment and employment policies address issues such as working hours, working conditions, whistleblowing, discrimination, health and safety in the workplace, holiday and sick pay. We pay all eligible employees and freelancers the real Living Wage or real London Living Wage. Each business area throughout our global operations has a dedicated HR team to provide continuous support and guidance on all these policies.

LM’s Code of Conduct sets out our business ethics for all our employees and colleagues and any breach of the Code is a breach of their employment terms. Reports of violations of LM Prenax policies are investigated thoroughly and remedial including disciplinary action is taken where necessary.

Procurement policies:

We review at least annually our procurement policies and procedures to ensure that we comply with all applicable laws and protect the rights and freedoms of all those working in our supply chain.


All staff have access to a confidential whistleblowing process for raising concerns including in relation to modern slavery or human trafficking and it is clear from LM Prenax policies that all staff are invited to speak up if they have any concerns or suspicions that any violation has taken place and will be protected of any retaliation.

Supply Chain Risk and Due Diligence

LM Prenax does not operate in a high risk industry or a high risk jurisdiction. Based on our supply chain, which comprises mostly of organizations form Europe and North America who publishers and produce content, we a very low risk of any modern slavery in our operations. However, LM Prenax recognises that it has a low risk through the use of suppliers, and therefore we focus on due diligence processes and contractual terms in relation to slavery and human trafficking in our supply chains.

The board of LM Prenax have viewed and approved this statement and will review it annually.