Modern Slavery Policy

Modern Slavery Policy for IFRS Lab

Introduction

IFRS Lab is committed to improving our practices to combat slavery and human trafficking. Our policy reflects our promise to act ethically and with integrity in all our business relationships and to implement and enforce effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our own business or in any of our supply chains

Scope

This policy applies to all persons working for us or on our behalf in any capacity, including employees at all levels, directors, officers, agency workers, seconded workers, volunteers, agents, contractors, external consultants, third-party representatives and business partners

Responsibility

Responsibility for the policy’s implementation and enforcement falls upon the Heads of Departments. Compliance with this policy is mandatory, and non-compliance can lead to disciplinary actions, including termination.

Commitments

Risk Assessment : Regularly review the risks of modern slavery practices within our business operations and supply chain.

Due Diligence : Implement appropriate due diligence processes to ensure that our supply chains are free from slavery and human trafficking.

Training : Provide training on modern slavery and human trafficking to our staff and management responsible for hiring and procurement processes.

Reporting : Maintain clear channels for employees and outsiders to report concerns about slavery and human trafficking, protecting the anonymity of whistleblowers.

Review and Audit : Conduct periodic audits and reviews to ensure compliance with this policy, making improvements as necessary.

Compliance with Local Laws We commit to understanding and complying with the laws and regulations regarding modern slavery in the UAE, as well as international laws that apply to our business.

Review

This policy will be reviewed annually and updated as necessary to ensure it meets legal requirements and reflects the needs of our organization.

IFRS Lab

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