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Modern Slavery and Human Trafficking Statement

Scope:

This statement is a response to Section 54(1) of the Modern Slavery Act 2015 (“the Act”).

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Introduction:

Panacea Applications Limited is not a relevant commercial organisation as defined by section 4 of the Act. Nonetheless, Panacea Applications Limited is committed to preventing slavery and human trafficking violations in its own operations, its supply chain and its services. We have a zero-tolerance towards slavery and require our supply chain to comply with our values.

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We are a Private Limited Company operating as a provider of Software as a Service. Our supply-chain includes our hosting provider, auditors and consultants.

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Policies:

We operate a number of internal policies to ensure we are conducting business in a transparent and ethical manner. These include the following:

  • Recruitment and selection policy

  • Supplier selection policy

  • Lone working policy

  • Anti-corruption and anti-bribery policy

  • Equality and Diversity policy

  • Whistleblowing policy

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Due diligence:

As part of our efforts to monitor and reduce the risk of slavery and human trafficking occurring within our supply-chains we have adopted the following due diligence procedures:

  • Internal supplier audits

  • External supplier audits

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Our due diligence procedures aim to:

  • Identify and action potential risks in our business and our supply chains

  • Monitor potential risks in our business and our supply chains

  • Reduce the risk of slavery and human trafficking occurring in our business and supply chains

  • Provide protection for whistle-blowers

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Risk and compliance:

Our 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:

  • Evaluating the slavery and human trafficking risks of each new supplier

  • Reviewing on a regular basis all aspects of our supply chain

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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.

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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 immediately terminate our relationship with that supplier.

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Effectiveness

Our integrated management system incorporates Key Performance Indicators (KPIs) to measure our effectiveness and ensure that slavery and human trafficking is not taking place in our business and supply chains. These KPIs include:

  • We train our staff about modern slavery issues and increase awareness within the company

  • We carry outa regular audit of 80% of our supplier each year.

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Training our staff:

We provide all staff with induction training and annual refresher training which includes:

  • Steps our staff should take if slavery or human trafficking is suspected

  • Steps our Company should take if suppliers in its supply-chain do not comply with our anti-slavery policies

 

 

This statement was approved by the board of directors for Panacea Applications Limited on

24 January 2022

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