Introduction
Elements Green is an international solar and energy storage developer, headquartered in London, England (“EG”). EG is committed to powering a sustainable future and driving forward the energy transition with solar and storage solutions.
Elements Green is committed to doing business responsibly and respecting the community and the environment in all of our operations. Ethical business practices are fundamental to the way we operate.
This Modern Slavery Statement sets out, in accordance with the UK Modern Slavery Act 2015, the steps we take to mitigate the risk of modern slavery and human trafficking occurring within our business operations and our supply chain.
What Is Modern Slavery?
Modern slavery involves the exploitation of an individual for personal or commercial gain. Some of its most common forms include human trafficking, forced labour and child slavery. Modern slavery is a crime and EG is committed to addressing and mitigating the risks of modern slavery taking place within our business or supply chain.
Our business and supply chain
As an international business, with suppliers from around the world, we have a duty to conduct our business supply arrangements responsibly. We address the risks of modern slavery and human trafficking through specific diligence in our operations and our supply chain.
How our business mitigates the risk of modern slavery and human trafficking
To ensure that the suppliers we work with share our standards of responsible business we have supply chain processes and procedures in place, as set out in the Elements Green Anti-Money Laundering Policy and the Elements Green Supply Chain Policy. These supply chain processes and procedures include conducting know your supplier identification and additional diligence, as well as requiring the use of the Elements Green Supplier Code of Conduct with all suppliers where contract value exceeds our designated threshold or where a high risk country is identified.
We regularly review our policies and procedures to ensure that they are able to effectively identify and assess potential human rights impacts arising from our activities. We encourage all our employees, contractors, agents and intermediaries to report any actual or potential breaches of legal obligations or ethical practices and standards. This includes encouraging our suppliers to report to us any actual or potential breaches in their own supply chain.
Update on Progress
What steps have we taken this financial year to ensure that modern slavery and human trafficking are not taking place in our supply chain or in any part of our business:
- Completed a supply chain risk assessment for our business, highlighting areas for improvement in our operational (incl. procurement) processes.
- Identified and addressed key modern slavery and forced labour risk areas, including our industry’s exposure to supply chain risk in raw mineral and solar PV supply chains.
- Used the results of our supply chain risk assessment to create a strong supply chain due diligence procedure, including introducing the Elements Green Supply Chain Policy and diligence questions specifically targeting modern slavery risk for all suppliers of goods and services.
- Introduced the Elements Green Anti-Money Laundering Policy, including Know Your Customer and Know Your Supplier procedures to identify clearly with whom we are doing business.
- Introduced the Elements Green Supplier Code of Conduct for suppliers of goods and services to our business, which includes commitments on suppliers to verify supply chain risk, including modern slavery risk, in their own supply chains.
This Modern Slavery Statement is made pursuant to s.54(1) of the Modern Slavery Act 2015 and constitutes our reporting entities’ slavery and human trafficking statement for the financial year ending 31 December 2024.
This Modern Slavery Statement was approved by the Board of Directors on __________ 2024.
Rasmus Friis CEO,
Elements Green