Modern Slavery Statement
September 2022
This statement is made pursuant to section 54 of the Modern Slavery Act 2015. It covers the activities of BASIKORE company and relates to actions and activities to prevent slavery or human trafficking in own business and its supply chains.
This statement is made pursuant to section 54 of the Modern Slavery Act 2015. It covers the activities of BASIKORE company and relates to actions and activities to prevent slavery or human trafficking in own business and its supply chains.
Organisational structure and supply chains
BASIKORE is a provider of high security printing and related services to
businesses and operates in UAE and globally. It has two customer facing
divisions – Authentication and Brand Protection – with joint support for
both divisions from central functions.
The Authentication Division is an integrated provider of polymer substrate and security features to paper mills and other commercial entities. The Brand Protection Division supplies a range of physical and digital solutions authentication labels and associated brand protection digital solutions, cheques and bank cards, and ID security components including polycarbonate.
BASIKORE cooperates with manufacturing sites in the PRC. Our main suppliers are larger established international companies.
The Authentication Division is an integrated provider of polymer substrate and security features to paper mills and other commercial entities. The Brand Protection Division supplies a range of physical and digital solutions authentication labels and associated brand protection digital solutions, cheques and bank cards, and ID security components including polycarbonate.
BASIKORE cooperates with manufacturing sites in the PRC. Our main suppliers are larger established international companies.
Relevant policies
The organisation operates the following policies that describe its approach to the
identification of modern slavery risks and steps to be taken to prevent slavery
and human trafficking in its operations:
Anti-Slavery and Human Traffickin
BASIKORE's Anti-Slavery & Human Trafficking Policy sets out our
approach to anti-slavery and provides guidance to employees on
implementing and enforcing effective systems and controls to ensure
slavery is not taking place in our own business or our supply
chain. This policy is reviewed annually.
Recruitment Policy
BASIKORE’s Recruitment policy includes conducting checks on
eligibility to work in order to safeguard against modern slavery
and human trafficking. It is our policy to pay the national minimum
wage in the UAE and any equivalent requirement in the other
countries in which we cooperate with.
Code of Business Principles
BASIKORE’s Code of Business Principles sets out our core values and
standards and is the foundation of our ethical framework. As part
of the induction process new employees confirm that they understand
the Code and will adhere to it. They are asked regularly to confirm
their adherence to the Code and undertake training on various
topics and policies included in the Code. All suppliers are
expected to confirm that they will at all times abide by BASIKORE's
Code of Business Principles. During the 22/23 financial year a
Supplier Code of Conduct was launched which explicitly sets out
BASIKORE’s expectations of our suppliers on modern slavery matters
including forbidding the use of forced, compulsory or trafficked
labour, or anyone held in slavery or servitude.
Whistleblowing Policy
BASIKORE’s whistleblowing procedures enable employees and business
partners to report concerns about the application of the Code of
Business Principles or business practices within the Company. The
procedures encourage raising issues either internally or via the
BASIKORE Code line, an independently run telephone/online helpline.
The Board of Directors receives details of any issues raised and
how they have been followed up. This would include concerns over or
breaches of our Anti-Slavery and Human Trafficking Policy but none
will be raised during the 22/23 financial year.
Due diligence processes
BASIKORE undertakes commercial, ethical and operational due diligence when
approving new suppliers. Our standard terms and conditions for suppliers
include confirmation of adherence to our Code of Business Principles, and
that they will not employ illegal child labour, forced or bonded labour or
condone illegal child labour. A risk based ad hoc approach is taken to
repeat due diligence on suppliers. During the 20/21 financial year we have
implemented a new third party risk management strategy. This includes a new
cloud-based onboarding platform which was launched during the year and is
currently being rolled out; new trading partners signing up to a Supplier
Code of Conduct; a new suite of standard BASIKORE contracts for equipment,
goods and services which includes modern slavery provisions; and a range of
risk monitoring tools.
Risk assessment
Our new third party risk management strategy outlined above includes
enhancements to our supplier qualification process which improves on our
previous manual risk assessment methods by delivering a more ...
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Training for staff
BASIKORE’s Anti-Slavery and Human Trafficking Policy has been rolled out
internationally through our online information portal and more formal
training commenced for relevant groups of employees during the 2022-23
financial year.
Board approval
This statement has been approved by Board of Directors of BASIKORE, who
will review and update it annually.