Introduction
Recoup is committed to conducting business ethically and responsibly. We recognize the importance of taking a proactive stance against modern slavery and human trafficking and are dedicated to improving our practices to combat slavery and human trafficking in our corporate activities and supply chains. This statement is made pursuant to [relevant legislation, e.g., the UK Modern Slavery Act 2015] and sets out the steps we have taken to ensure that slavery and human trafficking are not taking place in our business operations and supply chains.
Organizational Structure and Supply Chains
Recoup provides a Customer Relationship Management (CRM) platform. Our operations and supply chains include software development, hardware procurement, and partnership with car wash service providers. We are committed to ensuring transparency within the organization and with our suppliers to safeguard against any form of modern slavery.
Policies on Modern Slavery and Human Trafficking
We have implemented a Modern Slavery Policy that reflects our promise to act ethically and with integrity in all our business relationships. This policy outlines the measures we take to identify and prevent slavery and human trafficking in our operations and supply chains. It also provides guidance on how to report concerns about modern slavery.
Due Diligence Processes
To identify and mitigate risk, we have established due diligence processes, including:Evaluating potential suppliers before they enter our supply chain and annually thereafter.Conducting audits of suppliers to assess their compliance with our standards for modern slavery and human trafficking.Requiring all suppliers to adhere to our Code of Conduct, which includes standards for human rights, labor practices, and ethical conduct.
Risk Assessment and Management
We regularly assess and manage risks related to modern slavery and human trafficking in our supply chains and business operations. Where risks are identified, we take appropriate action, including strengthening our procurement processes and providing additional training to our staff and suppliers.
Training and Awareness
We are committed to raising awareness of modern slavery and human trafficking among our staff and suppliers. We provide training to ensure that our employees understand the risks of modern slavery and human trafficking in our supply chains and our business and are aware of the procedures to follow if they suspect any instances of such practices.
Effectiveness and Performance Indicators
We monitor the effectiveness of the steps we are taking to ensure that slavery and human trafficking are not taking place in our business or supply chains. Performance indicators include the number of modern slavery cases reported and resolved, the level of staff participation in training, and the findings from supplier audits.
Commitment
Recoup is committed to continually reviewing and enhancing our practices to combat slavery and human trafficking. We are dedicated to maintaining the highest standards of corporate ethics and responsible business conduct.
This statement has been approved by the board of directors of Recoup and will be reviewed and updated annually.