Modern Slavery Statement
Introduction
Asca Private is committed to ensuring that modern slavery and human trafficking do not occur within our organisation or supply chains. This statement outlines the steps we have taken and continue to take to address these issues, in compliance with Section 54 of the UK Modern Slavery Act 2015.
Our Business
Asca Private specialises in providing private equity investment and portfolio management services across diverse sectors. Our operations span globally and we are committed to ethical practices throughout all areas of our business.
Our Approach
We recognise the importance of identifying and addressing risks of modern slavery and human trafficking. We are committed to acting ethically and with integrity in all our business relationships, ensuring transparency and accountability in our practices.
Our Supply Chains
As a private equity company, our supply chains may include professional services, outsourced operations, and third-party contractors. We aim to work with suppliers and partners who share our values and commitment to combat modern slavery.
Policies
We have implemented the following policies to mitigate the risks of modern slavery and human trafficking:
- Code of Conduct: Sets out the ethical standards expected from our employees, contractors, and suppliers.
- Supplier Due Diligence Policy: Ensures all suppliers are screened for compliance with ethical practices, including modern slavery safeguards.
- Whistleblowing Policy: Encourages employees and third parties to report any concerns about unethical behaviour, including modern slavery, without fear of retaliation.
Risk Assessment and Due Diligence
We have established procedures to:
- Assess risks related to modern slavery in our operations and supply chains.
- Conduct due diligence on suppliers and partners, including reviewing their modern slavery policies where applicable.
- Monitor and address any identified risks or issues promptly.
Training
We provide training for our employees to help them understand the risks of modern slavery and human trafficking, and their role in preventing these practices.
Measuring Effectiveness
To ensure our measures are effective, we regularly:
- Review our policies and procedures.
- Conduct audits and risk assessments of our supply chains.
- Act on feedback from employees and stakeholders regarding potential risks or concerns.
Commitment to Continuous Improvement
We are dedicated to improving our practices to combat modern slavery and human trafficking. This includes ongoing collaboration with our suppliers and stakeholders to raise standards and promote ethical business pra ctices.
Approval
This Modern Slavery Statement is made for the financial year ending April 2024 and has been approved by the Board of Directors.