This statement, made pursuant to section 54(1) of the Modern Slavery Act 2015, sets out the approach taken by Olympic Oils Ltd to understand all potential modern slavery risks related to its business, and the actions undertaken to mitigate any such risks during the financial year; April 2020 till April 2021.
Olympic Oils Ltd is one of UK largest Edible Oils and Fats packer and manufacturer of condiments, sauces and mayonnaises. Olympics Oils Ltd has 98 employees and is headquartered in the UK. Our supply chains consist of global reputable suppliers as well as locally sourced ingredients, services and machinery equipment and office supplies.
Olympics Directors are committed to delivering high standards of corporate governance and a key element of this is managing the business in a socially responsible way. The Directors aims to employ the highest ethical and professional standards and always to comply with all local laws and regulations applicable to our business; it follows that Olympic is absolutely committed to preventing slavery and human trafficking in its activities and supply chains. This commitment is emphasised in our employee training programmes and company policies. Olympic also expects the same high standards which we set for ourselves from those parties with whom we engage, such as our suppliers and customers.
Due to the nature of our business and our approach to governance, we assess that there is very low risk of slavery and human trafficking in our business and supply chains. However, we aim to periodically review the effectiveness of the relevant policies and procedures that we have in place. We do not have key performance indicators in relation to slavery or human trafficking as any instance would be expected to be a breach of law, our supplier standards and/or our company policies.
This statement is approved by the Board of Directors and signed on its behalf by:
20 April 2021