Introduction
Modern slavery is a heinous crime and a morally reprehensible act that deprives a person's liberty and dignity for another person's gain. It is a real problem for millions of people around the world, including many in developed countries, who are being kept and exploited in various forms of slavery. Every company is at risk of being involved in this crime through its own operations and its supply chain.
At High Growth Robotics Limited, we have a zero-tolerance approach to modern slavery and are fully committed to preventing slavery and human trafficking in our operation and supply chain. We have taken concrete steps to tackle modern slavery, as outlined in our statement. This statement sets out the actions that we have taken to understand all potential modern slavery risks related to our business, and to implement steps to prevent slavery and human trafficking during the financial year 2022.
Organisational structure
We work with a number of key direct suppliers, who provide us primarily with business services, including IT software, marketing and consultancy.
We establish a relationship of trust and integrity with all our suppliers, which is built upon mutually beneficial factors. Our supplier selection and on-boarding procedure includes due diligence of the supplier's reputation, respect for the law, compliance with health, safety and environmental standards, and references.
We haven't been made aware of any allegations of human trafficking/slavery activities against any of our suppliers, but if we were, then we would act immediately against the supplier and report it to the authorities.
For more information about the Company, please visit our website: www.britbots.com
Risk assessment
In the past year, we conducted a risk assessment of our supply chain by taking into account:
This assessment will determine our response and the risk controls that we implement.
Policies
High Growth Robotics Limited operates the following policies for identifying and preventing slavery and human trafficking in our operations:
Supplier due diligence
High Growth Robotics Limited conducts due diligence on all new suppliers during on-boarding and on existing suppliers at regular intervals. This includes:
We require all suppliers to attest that:
Awareness
High Growth Robotics Limited has raised awareness of modern slavery issues by sending an email that is focused specifically on modern slavery to all our staff, which explains:
Training
In addition to the awareness programme, High Growth Robotics Limited has rolled out a fresh e-learning course to all employees and supplier contacts, which covers:
Measuring how we're performing
High Growth Robotics Limited has defined a set of key performance indicators and controls to combat modern slavery and human trafficking in our organisation and supply chain. These include:
In the next financial year, we intend to take the following steps to tackle slavery and human trafficking by introducing new policies and procedures and/or organising wider training for the internal team working on modern slavery and human trafficking issues.
This statement covers 1 April 2022 to 31 March 2023 and has been approved by the board of High Growth Robotics Limited.
Dominic Keen
Director, High Growth Robotics Limited
Copyright 2022 - High Growth Robotics Limited, trading as "Britbots". Britbots' funds are managed by Sapphire Capital Partners LLP, a specialist
investment management firm authorised and regulated in the UK by the Financial Conduct Authority.
* Figures based on the most recent price-per-share of the companies in the British Robotics Seed Fund 2 as at 01/07/2022, inclusive of income tax benefits accrued.
Risk to Capital
Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Any investments are targeted exclusively at investors who understand the risks of investing in early-stage businesses and can make their own investment decisions. Any pitches for investment are not offers to the public. CAPITAL IS AT RISK.
Financial Services Compensation Scheme Disclaimer
Investments made in investee companies via funds managed by
Sapphire Capital Partners LLP
may be covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk