Binary CBD is committed to combating modern slavery and human trafficking in all its forms. We recognize our responsibility to ensure that slavery and human trafficking are not taking place in any part of our business or in our supply chains. This statement sets out the steps Binary CBD has taken during the financial year ending 2022 to prevent modern slavery and human trafficking.
Our Business
Binary CBD is a leading provider of high-quality CBD products, including oils, capsules, edibles, and skincare items. We operate primarily through our website, binarycbd.co.uk, and are dedicated to delivering premium products while upholding the highest ethical standards.
Our Supply Chains
We understand that modern slavery can exist within complex global supply chains. As such, we are committed to working only with suppliers and partners who share our values and principles regarding human rights and ethical business practices. We carefully vet all suppliers and conduct due diligence to ensure compliance with relevant laws and regulations.
Policies and Procedures
Binary CBD has implemented robust policies and procedures to prevent modern slavery and human trafficking within our operations and supply chains. These include:
Supplier Code of Conduct
We have a Supplier Code of Conduct that outlines our expectations regarding labor practices, human rights, and ethical behavior. We require all suppliers to adhere to these standards and conduct regular audits to ensure compliance.
Employee Training
We provide training to our employees to raise awareness of modern slavery and human trafficking issues. This training helps employees recognize the signs of exploitation and understand their role in preventing it.
Whistleblowing Mechanism
We have established a confidential whistleblowing mechanism that allows employees, suppliers, and other stakeholders to report any concerns related to modern slavery or human trafficking. Reports are thoroughly investigated, and appropriate action is taken if any wrongdoing is identified.
Future Steps
Binary CBD is committed to continually improving our efforts to combat modern slavery and human trafficking. In the future, we will:
Further strengthen our due diligence processes to ensure that all suppliers meet our ethical standards.
Expand our training programs to reach a wider audience within our organization and supply chains.
Collaborate with industry partners and organizations to share best practices and promote greater transparency in supply chains.
Conclusion
Binary CBD is dedicated to upholding the highest standards of ethical conduct and social responsibility. We are committed to preventing modern slavery and human trafficking in all aspects of our business and will continue to take proactive measures to achieve this goal.
This statement has been approved by the Board of Directors and will be reviewed annually to ensure its effectiveness and relevance.