MODERN SLAVERY AND HUMAN TRAFFICKING POLICY
TERMS & CONDITIONS
Philex Electronic Limited is committed to driving out acts of modern day slavery and human trafficking within its business and that from within its supply chains, including sub-contractors and partners.
We are a distributor of various consumer electronic and AV accessories to large retailers, distributors, wholesalers and independents in the UK. We are a subsidiary of Philex Holdings Limited which is located in Hong Kong and most of our products are sourced from suppliers in the Far East.
As part of the company’s due diligence processes into slavery and human trafficking, the supplier approval process will incorporate a review of the controls undertaken by the supplier and periodic audits of the supplier will be carried out. We also undertake due diligence when considering taking on new suppliers which includes:
— Understanding our supply chain so as to identify and assess particular product or geographical risks of modern slavery and human trafficking
— Evaluating modern slavery and human trafficking risks
— Conducting supplier audits – our QA/QC team in the Far East work with suppliers in the Far East
— Terminating our relationship with suppliers that fail to improve their performance in line with an action plan or violate our supplier code of conduct.
We encourage anyone, including colleagues, subcontractors, suppliers and customers to report in good faith any issue or concerns about potential unethical business practices, such as fraud and bribery or slavery and human trafficking.
The company will not support or deal with any business knowingly involved in slavery or human trafficking.
The company Directors and senior management shall take responsibility for implementing this policy statement and its objectives.
This policy statement will be reviewed annually.
This statement is made pursuant to section 54 (1) of the Modern Slavery Act 2015 and constitutes our Company’s slavery and human trafficking statement for the financial year ending 31 March 2020.