Effective Date: June 17, 2024
1. Introduction
Beexco LLC ("Beexco" or "the Company") is committed to conducting business ethically and with integrity in all our operations. This statement outlines our approach to preventing modern slavery and human trafficking in our business and supply chains, in compliance with the Modern Slavery Act 2015 and other relevant legislation.
2. Our Commitment
- Zero Tolerance: Beexco has a zero-tolerance policy towards modern slavery and human trafficking. We are dedicated to ensuring that our business and supply chains are free from any form of slavery, forced labor, or human trafficking.
- Ethical Standards: Our commitment to ethical business practices includes respecting and promoting human rights, ensuring fair labor practices, and opposing all forms of exploitation.
3. Business and Supply Chain Overview
- Global Operations: Beexco operates globally, selling oil and gas, rebar, and cement. Our supply chains are extensive, involving numerous suppliers and contractors worldwide.
- Risk Assessment: We recognize that certain industries and regions may pose higher risks of modern slavery. We regularly assess and monitor these risks within our operations and supply chains.
4. Policies and Procedures
- Code of Conduct: Our Code of Conduct outlines our commitment to ethical business practices, including the prohibition of modern slavery and human trafficking. All employees, suppliers, and contractors are expected to adhere to these principles.
- Supplier Standards: We require our suppliers to comply with our Supplier Code of Conduct, which includes strict provisions against modern slavery and human trafficking. We conduct due diligence on suppliers to ensure compliance.
- Whistleblowing Policy: We maintain a whistleblowing policy that encourages employees and other stakeholders to report any concerns regarding unethical behavior, including potential cases of modern slavery.
5. Due Diligence and Risk Management
- Supplier Audits: We conduct regular audits and assessments of our suppliers to ensure compliance with our anti-slavery standards. This includes on-site inspections, documentation reviews, and interviews with workers.
- Training and Awareness: We provide training to our employees and suppliers on identifying and preventing modern slavery. This training is aimed at raising awareness and ensuring that everyone understands their role in combating slavery.
- Risk Mitigation: We have implemented robust risk management procedures to identify, assess, and mitigate risks of modern slavery in our operations and supply chains. This includes enhanced scrutiny of high-risk suppliers and regions.
6. Reporting and Accountability
- Transparency: We are committed to transparency in our efforts to combat modern slavery. We publish this statement annually and report on our progress and actions taken to address this issue.
- Incident Response: In the event that any form of modern slavery is identified within our operations or supply chains, we take immediate action to address and remediate the situation. This includes working with authorities and support organizations where necessary.
- Continuous Improvement: We continually review and improve our policies and procedures to ensure they remain effective in preventing modern slavery. Feedback from stakeholders is valued and incorporated into our approach.
7. Governance
- Board Oversight: The Beexco Board of Directors has ultimate responsibility for our anti-slavery efforts. The Board reviews and approves this statement annually and oversees its implementation.
- Management Responsibility: Senior management, including the Chief Operating Officer and the Head of Compliance, are responsible for ensuring that our anti-slavery policies and practices are effectively implemented and adhered to throughout the organization.
This anti-slavery and human trafficking statement reaffirms Beexco LLC’s unwavering commitment to ethical business conduct and the elimination of all forms of modern slavery. We strive to uphold human rights and promote fair labor practices in all aspects of our business and supply chains.
Approved by:
Mayer Rothschild, CEO, Beexco LLC
Date: June 17, 2024
