Introduction to Modern Slavery and Human Trafficking
Despite the legal abolition of slavery worldwide, modern slavery and human trafficking remain prevalent issues. These include forced labor, indentured labor, domestic servitude, and child labor. IFS is dedicated to eradicating modern slavery and human trafficking by ensuring that these abhorrent practices have no place in its business or supply chain.
Organizational Structure and Business Overview
The IFS Group, consisting of Industrial and Financial Systems AB (IFS AB) and Industrial and Financial Systems UK Limited (IFS Limited), among others, is a global leader in enterprise software solutions such as Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), and Enterprise Service Management (ESM). With a commitment to sustainability and ethical values, IFS aims to offer user-friendly, flexible solutions to customers worldwide.
Approach to Sustainability and Human Rights
IFS's sustainability strategy focuses on environmental, social, and governance (ESG) topics, with a specific emphasis on human rights within its own operations. By supporting the UN Global Compact and aligning with Sustainable Development Goals, IFS demonstrates its commitment to reducing inequalities, climate action, and promoting well-being. The company's designated Board Director and Chief Sustainability Officer oversee sustainability initiatives, ensuring the protection of human rights.
Policies and Practices Against Modern Slavery
IFS's Code of Conduct, along with procurement and HR policies, support efforts to prevent modern slavery within the organization. These policies emphasize fair recruitment, ethical treatment, and clear procedures for reporting violations. By ensuring transparency and accessibility to these policies, IFS empowers employees to uphold ethical standards and report any concerns. Future initiatives include regular reviews and updates to policies and the introduction of a whistleblowing platform for stakeholders to report potential violations.