Modern Slavery Policy

Introduction

Statuo is committed to upholding the highest standards of ethics and integrity in all our business operations. We recognize that modern slavery, including human trafficking, forced labor, and exploitation, is a global issue that requires vigilance and a proactive approach. We are dedicated to ensuring that our business and supply chains are free from any form of modern slavery.

Our Commitment

At Statuo, we take our responsibility seriously to combat modern slavery and human trafficking. We are committed to acting ethically and transparently in all our business dealings and relationships. Our approach includes:

1. Compliance with Laws: We comply with all applicable anti-slavery and human trafficking laws, including the UK Modern Slavery Act 2015.
2. Supply Chain Due Diligence: We conduct thorough due diligence on our suppliers and partners to ensure that they share our commitment to combating modern slavery. This includes assessing their policies, practices, and compliance with relevant laws.
3. Employee Awareness and Training: We ensure that all employees are aware of the risks of modern slavery and human trafficking and understand their role in preventing it. We provide training to staff members who are involved in managing our supply chains.
4. Supplier Code of Conduct: We require all suppliers to adhere to our Supplier Code of Conduct, which includes specific provisions on the prevention of modern slavery and human trafficking. We reserve the right to terminate relationships with suppliers who fail to meet our standards.
5. Reporting and Whistleblowing: We encourage all employees, suppliers, and partners to report any concerns related to modern slavery or human trafficking. We have a confidential reporting system in place, and we investigate all reports thoroughly.

Our Actions

To reinforce our commitment to preventing modern slavery, we have implemented the following actions:

• Risk Assessment: We regularly assess the risks of modern slavery within our operations and supply chains. This includes evaluating geographical, sector-specific, and product-specific risks.
• Audits and Monitoring: We conduct regular audits of our suppliers and partners to ensure compliance with our anti-slavery policies. We also monitor the effectiveness of our due diligence processes.
• Continuous Improvement: We are committed to continually improving our policies and practices to prevent modern slavery. We review our approach regularly and make adjustments as necessary to respond to emerging risks and challenges.

Responsibility and Governance

The Board of Directors at Statuo holds overall responsibility for ensuring compliance with this policy. Our management team is tasked with implementing and maintaining the procedures outlined in this policy, with regular reporting to the Board on progress and any issues that arise.

Review and Update

This Modern Slavery Policy will be reviewed annually and updated as necessary to reflect changes in legislation or our operations.

Contact Information

If you have any questions about this policy or if you wish to report any concerns related to modern slavery, please contact us at hello@statuo.co.uk

This policy reflects our commitment to maintaining a business free from modern slavery and ensuring that our supply chains operate with the highest level of integrity.