Modern Slavery Statement 2022

Introduction

This statement is made pursuant to the UK Modern Slavery Act and reflects our unwavering commitment to preventing slavery and human trafficking in our operational and supply chain spheres. Since 2017, we have annually documented our strategies and actions to contribute towards the global eradication of modern slavery.

Understanding Modern Slavery

Modern slavery is a severe violation of human rights, characterized by the exploitation of individuals through coercion, deception, or force for personal or commercial gain. It manifests in various forms, including but not limited to:

• Human Trafficking: Exploitation through forced labor, sexual exploitation, and other forms of abuse.


• Forced Labor: Compulsory labor under threat of penalty, with little or no remuneration.


• Debt Bondage: Labor aimed at repaying debts where the terms of employment are deceptive or exploitative.


• Descent-Based Slavery: Inherited slavery status, where individuals are born into slavery.

Our Commitment

Our core values emphasize ethical conduct, respect for human rights, and environmental stewardship. We enforce these through our Supplier Code of Conduct and stringent governance mechanisms, ensuring all our suppliers and partners align with our ethical standards.

Due Diligence and Compliance

Our approach to due diligence includes comprehensive supplier assessments and contractual obligations designed to ensure adherence to the Modern Slavery Act 2015. These measures are integral to our commitment to ethical business practices and the protection of human rights.

• Human Trafficking: Encompasses the recruitment, transportation, and exploitation of individuals through coercion.


• Forced Labor: Work or service extracted from any person under the menace of any penalty and for which said person has not offered voluntarily.


• Debt Bondage: The use of debt to compel individuals into labor, with terms that are deceptive or exploitative.


• Descent-Based Slavery: A form of slavery that is passed down through generations, where individuals are born into slavery.

Our Actions

• Ethical Sourcing: Rigorous assessment of suppliers to ensure compliance with our ethical standards.


• Training and Awareness: Educating our staff and suppliers about modern slavery and human trafficking.


• Monitoring and Enforcement: Regular audits and inspections to ensure ongoing compliance with our policies and the law.

Looking Forward

As we continue our journey, our dedication to fighting modern slavery remains steadfast. We are committed to refining our strategies, enhancing our due diligence processes, and fostering a culture of transparency and integrity across all our operations.

For further information or inquiries regarding our Modern Slavery Statement, please contact us at info@[SiteName].com.

Bybitinvest is dedicated to ethical excellence and the protection of human rights, striving for a world free from modern slavery.