Modern Slavery Statement
This Modern Slavery Statement is made on behalf of Cost Plus for the financial year ending 2025. It outlines our commitment to preventing modern slavery and human trafficking within our operations and supply chains, in accordance with the requirements of the UK Modern Slavery Act 2015.
Our Commitment
At Cost Plus, we uphold the highest standards of integrity and are committed to ethical business practices. We recognize our responsibility to ensure that modern slavery, in all its forms, has no place in our operations or supply chains. This statement reaffirms our dedication to identifying, addressing, and mitigating modern slavery risks.
Our Structure and Operations
Cost Plus operates in the global information technology sector, providing IT support and related services. Our key operations include managed cloud services, cybersecurity, and technology consulting. We work with suppliers and partners worldwide to deliver high-quality products and services to our customers. For more on our values, please refer to our Code of Conduct at cutmycost.com/code-of-conduct.
Identifying and Addressing Risks
We have taken steps to understand and address potential modern slavery risks within our business and supply chains. These include:
- Risk Assessment:
- Conducting assessments to identify areas within our operations and supply chains that may be susceptible to modern slavery.
- Supplier Due Diligence:
- Implementing rigorous vetting processes for suppliers, including compliance checks and risk evaluations.
- Requiring all suppliers to adhere to our Supplier Code of Conduct, which prohibits modern slavery and unethical labor practices.
- Employee Training:
- Providing training for employees and leadership to recognize and respond to signs of modern slavery.
- Policies and Governance:
- Maintaining robust policies, including our Anti-Slavery and Human Trafficking Policy, which sets clear expectations for ethical behavior.
Effectiveness and Monitoring
To measure the effectiveness of our actions, we:
- Conduct regular audits of high-risk areas within our supply chains.
- Monitor compliance with our Supplier Code of Conduct through ongoing engagement and reviews.
- Gather feedback from employees, suppliers, and stakeholders to refine our approach.
Future Commitments
We are committed to continuous improvement and will:
- Expand our risk assessment efforts to cover emerging areas of concern.
- Enhance our supplier engagement processes to ensure adherence to ethical standards.
- Strengthen collaboration with industry partners and stakeholders to combat modern slavery collectively.
Approval and Publication
This statement has been approved by the Board of Directors of Cost Plus and is signed by Gregory McDonald, President. It is published in compliance with the UK Modern Slavery Act 2015 and will be reviewed annually to ensure its relevance and effectiveness.
Signed,
Gregory McDonald
Co-Founder
January 1, 2025
This statement is publicly accessible on our website at cutmycost.com/slavery-statement and demonstrates our commitment to transparency and ethical business practices.