We are committed to improving our practices to combat slavery and human trafficking in our business and supply chain. We have a zero-tolerance approach to modern slavery, and we are committed to acting ethically and with integrity in all our business dealings and relationships, and to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our own business or in any of our supply chains.
This statement is made on behalf of Valda Energy Limited, its parent company, Valda Energy Group Limited, and any subsidiaries of its parent company (Group). The Group has its head office, and operates, in Great Britain.
We are a licensed supplier of gas and electricity in Great Britain, where we supply non-domestic premises. We contract with suppliers to ensure that we have the goods and services needed to supply gas and electricity to our customers.
We have adopted appropriate policies that underpin our commitment to ensure that there is no modern slavery or human trafficking in our supply chains or in any part of our business. We continuously review and update these policies.
Our Anti-Slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we take a risk-based approach to identify and assess potential risk areas in our supply chains and to mitigate the risk of slavery and human trafficking occurring in our supply chains. We also have systems in place to monitor potential risk areas in our supply chain, and to protect whistle blowers.
We understand that the manufacture and installation of smart meters give rise to the highest modern slavery risks in our business. The risks around sourcing and installing smart meters are addressed throughout the tendering and contract management process. There is also a higher risk associated with service providers operating in certain jurisdictions. The risks around service provision outside the United Kingdom are also addressed throughout the tendering and contract management process, which may include periodic physical inspections where appropriate.
As a growing business we expect our network of suppliers to expand, and we intend to take further steps to monitor potential risk areas in our supply chain and enhance our supply chain compliance programme to meet the changing profile.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group’s slavery and human trafficking statement for the financial year ending 30 April 2024. It was approved by the board on 26 September 2024.
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