Modern Slavery and Human Trafficking Statement
This statement is a response to Section 54(1) of the Modern Slavery Act 2015 (“the Act”).
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.
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.
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
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
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
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
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 immediately terminate our relationship with that supplier.
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.
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