1. Introduction

This Modern Slavery Statement (Statement) is made pursuant to the Australian Modern Slavery Act 2018 (Cth), the Canadian Fighting Against Forced Labour and Child Labour in Supply Chains Act (the Canadian Act) and the United Kingdom (U.K.) Modern Slavery Act 2015 for the financial year ended December 31, 2023 in respect of the following Northern Trust entities which together are known as the Reporting Entities listed below:

The Northern Trust Company (the Bank), which operates in Australia, Canada and the U.K. via its Melbourne, Canada and London branches, respectively (the Bank is therefore a Reporting Entity with respect to Australia, Canada and the U.K.)
Northern Trust Global Services SE, U.K. Branch (U.K. Reporting Entity)
Northern Trust Global Investments Limited (U.K. Reporting Entity)
Northern Trust Securities LLP (U.K. Reporting Entity)
Northern Trust Investor Services Limited (U.K. Reporting Entity)
Northern Trust Management Services Limited (U.K. Reporting Entity)

The Reporting Entities are limited to those entities with an obligation to prepare a Modern Slavery (or similar) Statement.

This Statement, however, describes the Modern Slavery risks and program of all direct and indirect subsidiaries of Northern Trust Corporation (Corporation), including the Reporting Entities. Except where the context requires otherwise, references to “Northern Trust”, “we”, “us”, “our” or similar terms means the Corporation and its subsidiaries, including but not limited to the Reporting Entities and the entities listed in Annexure A,¹ on a consolidated basis.

In accordance with Section 11(a) of the Canadian Act, Northern Trust uses diligence tools including third party vendor Modern Slavery questionnaires to evaluate the risk of forced labor and child labor in its suppliers, to ascribe risk ratings to suppliers and to maintain and implement policies and procedures related to forced labor and child labor in its supply chains.

This Statement defines Modern Slavery as including slavery, servitude, forced labor, forced marriage, debt bondage, child labor,²and human trafficking. Northern Trust:

recognizes that Modern Slavery is a violation of fundamental human rights and freedoms;
is committed to respecting human rights and endeavors to uphold the rights of others;
will seek to assess and, as appropriate, mitigate, remediate or cooperate in the provision of remediation where we identify that we have caused or contributed to Modern Slavery in accordance with the United Nations Guiding Principles on Business and Human Rights (UNGPs);
fully supports the principles of the International Labour Organisation (ILO) Declaration on Fundamental Principles and Rights at Work; and is committed to acting in alignment with the guidance of the UNGPs.