Modern Slavery Statement
At 5th Vapor, we are committed to conducting our business in an ethical and responsible manner. We strongly oppose modern slavery and human trafficking in all their forms and are dedicated to preventing these practices within our operations and supply chains.
Our Policy
Commitment
We are committed to maintaining a zero-tolerance approach to modern slavery and human trafficking. We condemn these practices and are determined to ensure that they have no place in our organization.
Compliance
We comply with all applicable laws and regulations relating to modern slavery and human trafficking. We are committed to upholding human rights and labor standards, treating our employees, partners, and suppliers with dignity and respect.
Risk Assessment
We regularly assess and monitor the risks of modern slavery and human trafficking within our organization and supply chains. This allows us to identify and address any potential vulnerabilities and take appropriate actions to mitigate the risk.
Supplier Due Diligence
We maintain a robust supplier vetting process to ensure that our partners and suppliers share our commitment to ethical practices. We conduct thorough due diligence and assess potential suppliers based on their adherence to labor laws, human rights, and ethical business practices.
Employee Awareness and Training
We provide regular training and awareness programs to our employees to educate them about the risks of modern slavery and human trafficking. We encourage open communication and the reporting of any concerns or suspicions related to these practices.
Whistleblowing Policy
We have established a confidential reporting mechanism, including a whistleblowing policy, to enable our employees, partners, and stakeholders to report any instances of modern slavery or human trafficking. We investigate all reports promptly and take appropriate action when necessary.
Continuous Improvement
We are committed to continuously improving our policies, practices, and due diligence processes to combat modern slavery and human trafficking. We collaborate with industry organizations, NGOs, and other stakeholders to stay informed about emerging best practices and promote a collective effort in eradicating these practices.
Responsibility and Accountability
Responsibility for our anti-slavery initiatives rests with the leadership team of 5th Vapor. They have overall responsibility for ensuring that our policies and procedures are implemented effectively throughout the organization. Each employee has a responsibility to familiarize themselves with this statement and to act in accordance with its principles.
Review and Update
This Modern Slavery Statement will be reviewed annually to ensure its continued relevance and effectiveness. Any necessary updates will be made to reflect changes in our business, the regulatory environment, or emerging best practices.
Conclusion
We are committed to combatting modern slavery and human trafficking and will continue to work diligently to prevent these practices within our sphere of influence. By upholding our values, promoting ethical conduct, and fostering a culture of responsibility, we aim to contribute to the eradication of modern slavery globally.
For any inquiries or concerns regarding our Modern Slavery Statement, please contact us at [email protected].
The 5th Vapor Management Team