At Carat Wealth, we have a zero-tolerance policy towards modern slavery and human trafficking in all its forms. We are committed to acting ethically and with integrity throughout our business operations to ensure our diamond supply chain is free from these abhorrent practices.
Our Company’s Commitment:
- We strictly prohibit the use of forced, compulsory, or trafficked labor in our operations and supply chain.
- We mandate that all our employees, suppliers, and business partners follow applicable labor laws and regulations concerning worker rights, wages, working hours, and workplace safety.
- We conduct risk assessments and exercise due diligence on new suppliers to identify and mitigate potential human trafficking and slavery risks.
- We require suppliers to certify that materials incorporated into our products comply with local laws regarding slavery and human trafficking in the countries where they operate.
- We provide training to relevant staff on identifying potential signs of human trafficking and slavery.
- We have established grievance mechanisms for reporting suspected violations confidentially and without threat of retaliation.
- Any violations of this policy will result in disciplinary action up to and including termination of employment or business relationship.
Diamond Supply Chain Verification:
As a diamond company, we place particular emphasis on ethically sourcing our diamonds. We implement industry best practices and participate in global initiatives such as:
- The Kimberley Process to prevent trade in conflict diamonds
- The Diamond Development Initiative’s guidelines
- Requirements for suppliers to provide documented chain of custody
We remain steadfastly committed to upholding human rights and dignity across our entire value chain. We will continue enhancing policies and controls to eradicate modern slavery and human trafficking.
This statement is made in accordance with [insert relevant laws/statutes] and will be reviewed annually.
Carat Wealth
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