Introduction
Magnetical is committed to preventing modern slavery and human trafficking in our business activities and supply chains. We recognise our responsibility as a sole trader to uphold ethical practices and respect human rights in all our operations.
Our Business
We provide innovation consultancy services.
Our Policy on Modern Slavery and Human Trafficking
We are committed to ensuring that modern slavery and human trafficking do not occur in any part of our business or supply chain. Our policies reflect our commitment to acting ethically and with integrity in all our business relationships.
Risk Assessment and Due Diligence
As a sole trader, we are aware of the risks associated with modern slavery and human trafficking. We conduct regular risk assessments to identify potential areas of concern and ensure that our suppliers and partners comply with ethical standards. Our due diligence process includes:
• Vetting new suppliers
· Reviewing contracts for compliance
Training and Awareness
We believe that education and awareness are crucial in combating modern slavery. As a sole trader, we ensure that any employees, contractors, or business partners are aware of the signs of modern slavery and understand our commitment to preventing it.
Continuous Improvement
We are committed to continuously improving our practices to prevent modern slavery and human trafficking. This statement will be reviewed annually and updated as necessary to reflect any changes in legislation or business operations.
Approval
This statement has been approved by Merlin Goldman, owner of Magnetical.
Dr Merlin Goldman, Owner, 29th July 2024