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Modern Slavery and Human Trafficking Statement

Introduction

Modern slavery is a heinous crime and a morally reprehensible act that deprives individuals of their liberty and dignity for another person’s gain. It affects millions worldwide, including people in developed countries. Every company is at risk of being involved in this crime through its operations and supply chain. Neyo maintains a zero-tolerance approach to modern slavery and is fully committed to preventing it within our business activities and supply chain.

This statement covers our actions and activities during the financial year from 01/02/2023 to 31/03/2024, and outlines the steps we have taken to ensure no slavery or human trafficking occurs within our organization or supply chains. It is made pursuant to section 54(1) of the UK Modern Slavery Act 2015.

Our Business

Neyo, founded in 2014, is a fast-growing IT solutions company. In 2021, we expanded with a subsidiary in Mumbai, India. We work with various technology vendors, including ServiceNow and BMC, and provide services such as Process Consulting and Project Management across multiple industries worldwide.

Our Supply Chain

Neyo’s supply chain is straightforward and includes trusted suppliers who meet our standards for ethics, legal compliance, and safety. Our supplier onboarding process involves thorough due diligence to ensure adherence to our ethical values.

Risk Assessment

Our Directors assess risks within our supply chain by considering:

  • The risk profile of countries based on the Global Slavery Index
  • The nature of services provided by suppliers
  • The presence of vulnerable demographic groups
  • News analysis and insights from labor and human rights groups

These factors guide the implementation of risk controls.

Training and Capacity Building

Neyo recognizes the importance of equipping employees and partners to identify and prevent modern slavery. We have taken the following steps:

  • Skillcast Partnership: We partnered with [Skillcast](https://www.skillcast.com/) to provide high-quality training on modern slavery risks and indicators. The necessary training has been assigned to all UK employees, with plans to extend this to our India-based employees soon.
  • Training Programs: Our comprehensive programs include initial courses for new hires and regular refresher sessions for all staff. We are committed to continuous improvement based on participant feedback and the latest guidance.
  • Capacity Building with Suppliers: We collaborate with our partners to enhance their ability to identify and mitigate modern slavery risks within their operations. This includes providing resources to support their compliance efforts.
  • Employee Support: Employees are informed about reporting channels, including our whistleblowing policy, which provides protection for those who raise concerns in good faith.

Relevant Policies

To prevent slavery and human trafficking, Neyo has implemented the following policies, now accessible on SharePoint:

  • Whistleblowing Policy: Encourages reporting of any suspected slavery or human trafficking without fear of retaliation.
  • Privacy Policy: Ensures personal data is handled in line with ethical standards and legal requirements.
  • Code of Conduct: Outlines the standards expected of employees, especially when managing our supply chain.
  • Supplier Code of Conduct: Sets ethical standards for suppliers, including fair labor practices and safe working conditions.

Due Diligence

Neyo conducts due diligence on all new suppliers and reviews existing ones regularly. This includes:

  • Assessing risks in service provisions
  • Auditing health, safety, and labor practices
  • Requiring improvements for any substandard practices
  • Sanctioning non-compliant suppliers

Awareness

We have raised awareness about modern slavery by communicating our commitment through company-wide emails and providing guidance on identifying and reporting potential cases.

Performance Indicators

Neyo reviews key performance indicators (KPIs) related to modern slavery risk management regularly, updating them as needed to reflect changes in risks and regulatory requirements.

Effective Date

This updated Modern Slavery Statement is effective as of 10/10/2024 and will be reviewed annually.

This statement has been approved and authorized by:

Name: Chirag Karnik 

Position: Director 

Date: 10/10/2024