Parakram Ltd
Parakram Ltd
Title: Modern Slavery Policy
Issue: 1
Document owner: Sanchita Srivastava
Authorised by: Sanchita Srivastava
Date: 16 January 2022
1. Superseded documents:
This is the first issue.
2. Changes made
This is the first issue.
3. Changes forecast
none
Parakram Limited is committed to understand all potential modern slavery risks related to the business and therefore perform all measures to eliminate acts of modern slavery and human trafficking within the business and in supply chains, sub-contractors and partners.
Modern slavery can take many forms which can include the trafficking of people, forced labour, servitude and slavery. At Parakram Ltd, we are aware of the signs of exploitation and are committed to take the necessary action promptly and effectively once identified.
This statement focuses specifically on Parakram’s compliance with the Modern Slavery Act 2015 (the Act) and highlights the steps we take to ensure there is no slavery or human trafficking occurring within the organisation or its supply chains.
Modern slavery is a heinous and often hidden crime and the impact can be devastating for the victims. Modern slavery can be broadly grouped into four categories but is not limited to:
We have a number of procedures in place that contribute in trying to ensure modern slavery does not occur in our business:
Parakram Ltd aims to work with only those suppliers that demonstrate high levels of commitment to monitoring and reducing the risk of modern slavery and human trafficking taking place within their organisations or supply chains. As a pre-condition to work with Parakram Ltd, supplier and partners must confirm their compliance with the Act. If a supplier fails to provide the information requested or meet Parakram’s expectations, the company will take appropriate action, which includes terminating the relationship with supplier or partner.
Any supplier engaged by us to undertake the supply of services is contracted to do so in line with our following policies:
These policies are key to ensuring that staff employed by our supply chain and partners have appropriate channels to report any incidents of slavery and human trafficking.
Our supplier relationship and contract management teams utilise supply chain management techniques to ensure that effective contract management is applied to direct suppliers and their supply chain to deliver our requirements in the most cost-effective manner.This would include the identification and management of risks in relation to modern slavery and human trafficking. This is done by:
We have completed training for Modern Slavery Act 2015 and wider diversity and equality issues.
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