Modern Day Slavery Policy for Univesco Ltd

1. Introduction

Univesco Ltd is committed to preventing modern slavery and human trafficking in all aspects of our business operations and supply chains. This policy outlines our commitment to ensuring that modern slavery is not taking place within our organization or in any of our supply chains.

2. Scope

This policy applies to all employees, contractors, suppliers, and business partners of Univesco Ltd. It covers all operations, including those conducted by subsidiaries and joint ventures.

3. Definition

Modern slavery includes slavery, servitude, forced or compulsory labour, and human trafficking. It involves the exploitation of people for personal or commercial gain and is a violation of fundamental human rights.

4. Our Commitment

Univesco Ltd commits to:

– Conducting business with integrity and transparency.

– Ensuring fair employment practices.

– Promoting ethical standards and human rights.

– Preventing any form of modern slavery within our operations and supply chains.

5. Due Diligence Processes

We will implement the following due diligence processes to identify and mitigate the risks of modern slavery:

– Risk Assessment: Conduct regular risk assessments to identify areas of potential risk within our operations and supply chains.

– Supplier Audits: Perform audits and assessments of suppliers to ensure compliance with anti-slavery laws and standards.

– Contractual Obligations: Include anti-slavery clauses in contracts with suppliers and business partners.

– Employee Training: Provide training to employees on recognizing and preventing modern slavery.

6. Reporting and Monitoring

– Whistleblowing Mechanism: Establish a confidential reporting system for employees and suppliers to report any concerns related to modern slavery.

– Regular Reviews: Conduct regular reviews of our policies and procedures to ensure effectiveness and compliance.

– Performance Indicators: Develop key performance indicators (KPIs) to measure the effectiveness of our modern slavery prevention efforts.

7. Training and Awareness

– Employee Training: Provide regular training sessions to all employees on the risks of modern slavery and how to identify and report potential issues.

– Supplier Engagement: Engage with suppliers to raise awareness about modern slavery and promote best practices in labour standards.

8. Supplier Code of Conduct

Our Supplier Code of Conduct outlines our expectations regarding the prevention of modern slavery. Suppliers must:

– Comply with all applicable anti-slavery and human trafficking laws.

– Ensure that their operations and supply chains are free from forced labour, human trafficking, and other forms of modern slavery.

– Cooperate with audits and provide access to relevant documentation.

9. Victim Support

If we identify any instances of modern slavery, we commit to:

– Supporting the affected individuals.

– Reporting the matter to the appropriate authorities.

– Working with relevant organizations to provide assistance and protection to victims.

10. Continuous Improvement

We will continually improve our policies and procedures to combat modern slavery by:

– Keeping abreast of changes in legislation and best practices.

– Engaging with stakeholders to enhance our approach.

– Regularly reviewing and updating this policy.

11. Responsibility and Governance

The Board of Directors holds ultimate responsibility for the implementation of this policy. The Human Resources and Compliance departments are tasked with its day-to-day management and enforcement.

12. Policy Review

This policy will be reviewed annually and updated as necessary to reflect changes in legislation, best practices, and company operations.

13. Approval

This policy has been approved by the Board of Directors of Univesco Ltd.

By adhering to this policy, Univesco Ltd aims to contribute to the global effort to eradicate modern slavery and human trafficking. We expect all employees, suppliers, and business partners to share this commitment and act accordingly.