UNDERSTANDING MODERN SLAVERY RISKS
Modern slavery includes practices such as human trafficking, forced labour, debt bondage, and child labour. These exploitative practices undermine human dignity and are incompatible with KOSEC Group’s values. We acknowledge that risks of modern slavery may exist in certain industries and regions and are committed to identifying and addressing these risks in our operations and supply chains.
GOVERNANCE AND POLICIES
KOSEC Group has established comprehensive policies and frameworks to address the risks of modern slavery. These include:
- Code of Conduct: Guiding all employees and stakeholders to act with integrity and respect for human rights.
- Supplier Code of Conduct: Ensuring suppliers adhere to ethical labour practices, avoid exploitation, and comply with all relevant laws and regulations.
- Whistleblower Policy: Offering a secure and confidential platform for reporting any concerns regarding unethical or illegal practices, including those related to modern slavery.
RISK ASSESSMENT AND DUE DILIGENCE
We regularly assess our operations and supply chains to identify areas where there may be heightened risks of modern slavery. Our approach includes:
- Conducting due diligence on new and existing suppliers to ensure compliance with our ethical standards.
- Evaluating high-risk industries or regions in our supply chain.
- Collaborating with partners to promote transparency and ethical practices.
TRAINING AND AWARENESS
KOSEC Group provides training to employees and partners to enhance their understanding of modern slavery risks and encourage vigilance in identifying and addressing these risks.
MEASURING EFFECTIVENESS
We monitor the effectiveness of our measures through:
- Regular reviews of our supply chain.
- Tracking reports from whistleblower channels.
- Engaging stakeholders for feedback on our modern slavery initiatives.
COMMITMENT TO IMPROVEMENT
KOSEC Group is committed to continuously improving our efforts to combat modern slavery. We will update our policies and practices regularly to reflect evolving standards, industry insights, and legal requirements.
REPORTING AND TRANSPARENCY
This statement reflects our commitment to the Modern Slavery Act and outlines the steps we are taking to address and prevent modern slavery within our operations.
CONTACT US
If you have any concerns or require more information about our approach to modern slavery, please contact KOSEC Group via our website or at our official contact points.
APPROVAL
This statement has been reviewed and approved by KOSEC Group’s senior management and will be reviewed annually to ensure its relevance and effectiveness.