Modern Slavery Act Statement
Introduction
At ObligeAI, we are committed to conducting business in a manner that respects human rights and is free from exploitation and discrimination. This statement is made pursuant to the Modern Slavery Act 2015 and sets out the steps we take to ensure that slavery and human trafficking are not present in our business operations and supply chains.
Our Business and Supply Chains
ObligeAI specializes in developing AI-driven solutions for the banking sector, enhancing security and efficiency for institutions and their customers. We operate primarily in the technology sector, with a focus on software development and digital innovation. Our supply chains include procurement of cloud services, software components, and office essentials, among others.
Our Policies on Slavery and Human Trafficking
We are unequivocally opposed to any form of slavery, forced labor, and human trafficking. Our policies reflect our commitment to acting ethically and with integrity in all our business relationships. To ensure all those in our supply chain and contractors comply with our values, we have implemented due diligence processes.
Due Diligence Processes
- Supplier Vetting: We conduct thorough vetting of our suppliers and partners to ensure compliance with legal requirements and ethical standards, including those related to modern slavery and human trafficking.
- Risk Assessment: Regular risk assessments are conducted to identify, assess, and monitor potential risks in our supply chains.
- Employee Training: We provide training to our staff to recognize the risks of modern slavery and human trafficking in our business and supply chains.
Our Effectiveness in Combating Slavery and Human Trafficking
We use key performance indicators (KPIs) to measure the effectiveness of our efforts to ensure slavery and human trafficking are not taking place in our business or supply chains. These KPIs include supplier compliance audits, training attendance records, and swift action to address any identified risks or incidents.
Further Steps
ObligeAI is committed to continually reviewing and enhancing our practices to combat slavery and human trafficking. We are dedicated to improving our due diligence processes and increasing awareness and understanding of the Modern Slavery Act 2015 within our organization and supply chains.
This Statement
This statement is made concerning the financial year ending [Insert Date] and will be reviewed and updated annually.
This statement is for illustrative purposes and should be tailored to reflect the specific actions and commitments of ObligeAI. It is recommended that legal counsel review any official statement before publication to ensure compliance with the Modern Slavery Act 2015 and other relevant legislation.