Aspen Group statement on Modern Slavery
Increasingly international legislation and protocol require companies to act in respect of modern slavery. Specifically, the UK Modern Slavery Act and the Australian Modern Slavery Act require companies to disclose their efforts to address the risk of modern slavery in their businesses.
This statement provides insight into Aspen’s governance approach, risk assessment and mitigation in relation to modern slavery.
The Aspen Group companies rely upon this statement, where necessary, for satisfying the disclosure requirements of the abovementioned laws, and any equivalent laws in the jurisdictions in which Aspen operates.
The Aspen Group Policies & Governance Approach
Aspen is a global supplier of specialty and branded pharmaceuticals with an extensive range of products that provide treatment for a broad spectrum of acute and chronic conditions experienced through all stages of life.
- Values – we are driven by our commitment to our core values of Integrity, Innovation, Excellence, Commitment and Teamwork.
- Supply Chain – Aspen contracts with its suppliers and service providers to comply with the Aspen Supplier Code of Conduct, which requires, amongst others, that such parties do not engage in or support slavery, human trafficking or any other form of forced labour in their own operations or supply chains.
- Assurance – aligned to Aspen’s ethics management programme, employees are required to certify, on an annual basis, that they have read, understood and agree to abide by the Aspen Code of Conduct. Aspen subscribes to a Tip-Off Hotline in multiple jurisdictions, which allows Aspen stakeholders to anonymously report suspected unethical behaviour by any person who is employed by or has a business relationship with Aspen, including, but not limited to, suspected breaches of the Aspen Supplier Code of Conduct.
- Training – mandatory ethics training is conducted with all employees on an annual basis to ensure that the principles of ethical business conduct are understood and implemented.
As a signatory to the United Nations Global Compact, Aspen has committed to support the ten principles on human rights, labour, environment, and anti-corruption, including principles 4 and 5, which call for the elimination of all forms of forced and compulsory labour and the effective abolition of child labour.
Part of the above commitment entails compliance with applicable laws, and we are therefore committed to addressing the requirements of the UK Modern Slavery Act, the Australian Modern Slavery Act and equivalent legislation in the jurisdictions in which we operate.
We acknowledge our obligations pursuant to the applicable laws and endeavour to create a culture of transparency and compliance within our business and our supply chains.
Having regard to the nature of the pharmaceutical industry which is highly regulated, human rights risks within Aspen’s employed workforce are assessed to be low. This is mainly due to our workforce largely being made up of skilled individuals who undertake work in controlled and regulated environments that operate under established policies and procedures.
Our possible modern slavery exposure, if any, could exist in the engagement of suppliers and service providers in higher risk sectors such as cleaning, transportation, warehousing, construction and manufacturing, and in countries that do not adequately protect human rights.
Aspen recognises that tackling modern slavery requires a continuing year-on-year commitment and awareness to continue to undertake appropriate initiatives to remain sensitive to the global risks surrounding modern slavery. Aspen strives to routinely review, with an aim to improve procedures to support the identification and prevent of the risks of modern slavery across our business.
This statement is approved by the Board of Aspen Pharmacare Holdings Limited and is published in compliance with section 54 of the UK Modern Slavery Act, and Sec 14 of the Australian Modern Slavery Act for the prior financial year ending 30 June 2019.
Group Chief Executive
10 December 2019
Download Aspen’s Modern Slavery Statement – December 2019 here