Our values are based on our virtuous circle of “Doing the right thing” for our customers, people, suppliers and shareholders. The Board believes this is vital to creating a sustainable, growing business and is a key responsibility of the Group. This culture supports the Company’s objectives to grow the business through acquiring and retaining customers rather than through opening stores.
It is the Board’s job to ensure that the Naked Group is managed for the long-term benefit of all shareholders, with effective and efficient decision-making. Corporate governance is an important part of that job, reducing risk and adding value to our business
Read more in our Corporate Governance Statement of Compliance with the QCA Corporate Governance Code
Our Gender Pay Gap (April 2021)
1.Measuring our Gender Pay Gap
|Naked Wines (UK employment)||Mean|
|Women's hours rate is||36%
|Women's bonus pay is||72%
|Naked Wines (UK employment)||of Men||of Women|
|Who received bonus pay||78%||69%|
|Naked Wines UK||Men||Women|
2. Understanding our Pay Gap:
Our UK gender-based pay analysis shows some positive year-on-year
development but continues to be influenced by two distorting factors:
- The Group employs a high proportion of technology and IT roles in
the UK where, despite progress in this area this year, our team and
the market from which we recruit remains under-represented by
- The last of the historic management acquisition “lock-in” shares
vested during the year. These shares rewarded founders of Naked
Wines for achieving a minimum value creation over the period after
Naked was acquired by Majestic Wine in 2015. As per last year’s
analysis, the bonus figures for the current year are distorted as a
result of an unequal gender split of the founders of Naked Wines.
3. Taking action:
The Group remains actively engaged in initiatives to promote gender pay
equality. In the year, we have commissioned an audit of our current policies
and procedures, for example around recruitment and appraisal, to ensure
gender pay equality, and the business will act on its findings.
In order to further address gender pay equality, Naked is working in
collaboration with external consultants to explore and address areas of
cultural bias that may be continuing to influence our recruitment and
remuneration policy application.
Anti-Slavery and human trafficking policy
This statement has been published in accordance with the Modern Slavery Act 2015. It sets out the steps taken by Naked Wines plc to prevent modern slavery and human trafficking in its business and supply chains.
Please see our full statement here:
The Group recognises that alcohol misuse, underage drinking and poor health are issues causing real concern in the UK today. Naked Wines takes these matters very seriously and we are committed to the responsible retailing of alcohol in order to help mitigate their impact. We are a supporter of Drinkaware, the government sponsored trust which promotes responsible drinking. In addition, we have signed up to the Government’s Responsibility Deal which aims to improve public health by encouraging responsible drinking. We ensure that customers have access to information about alcohol on our website and in our promotional literature. Staff training includes principles of social responsibility and alcohol misuse and all tasting events encourage customers to enjoy wine responsibly.
UK Tax Strategy
This document sets out the Tax Strategy of Naked Wines plc and its UK subsidiary undertakings for the Financial Year 2019-20 (Including 2018-19). Naked Wines plc is making this strategy available to fulfil its obligations under Schedule 19 of the Finance Act 2016.