This Modern Slavery and Human Trafficking Statement relates to actions and activities for the financial year ending 31 December 2023.
Codurance Ltd ('the Company', 'we', 'us' or 'our') is committed to preventing slavery and human trafficking violations in its own operations, its supply chain, and its products. We have zero-tolerance towards slavery and require our supply chain to comply with our values.
Codurance Ltd is the subsidiary of the Codurance Group, the parent company being Codurance Holdings Ltd and has business operations in the United Kingdom, Switzerland, Europe, The Kingdom of Saudi Arabia and the USA.
We operate in the software development sector. The nature of our supply chains is as follows: We work with a number of key direct suppliers, who provide us with goods, such as equipment for our work premises.
We operate a number of internal policies to ensure that we are conducting business in an ethical and transparent manner. These include the following:
As part of our efforts to monitor and reduce the risk of slavery and human trafficking occurring in our supply chains, we have adopted the following due diligence procedures:
External supplier audits.
Our due diligence procedures aim to:
The Company has evaluated the nature and extent of its exposure to the risk of slavery and human trafficking occurring in its UK supply chain through:
We do not consider that we operate in a high-risk environment because the majority of our supply chain is based in the UK and in low-risk industries, such as internet software and services.
We do not tolerate slavery and human trafficking in our supply chains. Where there is evidence of failure to comply with our policies and procedures by any of our suppliers, we will seek to terminate our relationship with that supplier immediately.
We cannot say with any certainty how effective the steps we are taking have been in ensuring that slavery and human trafficking is not taking place in our business and supply chains. As part of our work for the next financial year, we will be considering how best to monitor the effectiveness of the actions taken.
In the next financial year, we intend to introduce new policies and procedures in addition to providing further training and support to our employees to tackle slavery and human trafficking.
The statement was approved by the board of directors: