Purpose
The purpose of this Policy is to formally articulate NETSOL Technologies, Inc.’s (“Netsol”) commitment to preventing modern slavery, forced labor, child labor, servitude, and human trafficking across all business operations and supply chains. This Policy establishes clear expectations, responsibilities, and controls to ensure that NETSOL operates ethically and in alignment with international human rights standards.
This Policy supports Modern Slavery Act 2015 (Section 54).
Scope
This policy applies to:
- All permanent, temporary, contract, and part-time employees of NETSOL
- All board members, executive leadership, and management
- All wholly owned and majority-owned subsidiaries
- All contractors, consultants, vendors, suppliers, service providers, and business partners
- Any third-party performing work or services on behalf of NETSOL
Compliance with this Policy is a condition of employment and a prerequisite for all supplier and vendor relationships.
Reference Documents
N/A
Policy Statements
General Statements
- NETSOL acknowledges internationally proclaimed human rights and is fully committed to combating slavery and human trafficking. As a global provider of software products, consulting services, system integration, and IT solutions, NETSOL ensures that all operations are conducted ethically, transparently, and with respect for human dignity.
- NETSOL's recognizes rights as set out in the Bill of Human Rights. This Modern Slavery and Human Trafficking Policy reinforce those commitments by outlining specific actions NETSOL shall take to prevent modern slavery and protect individuals from exploitation.
Risk Profile
- NETSOL does not operate manufacturing facilities and does not maintain a tangible goods supply chain. As a technology and services company, our risk profile for slavery or trafficking is assessed as very low.
- However, NETSOL acknowledges that modern slavery can manifest in indirect ways, including:
- Outsourced services
- Offshore consulting or development work
- Facilities staff employed by subcontractors
- Recruitment and labor agencies
- IT hardware procurement
- Third-party professional services
- NETSOL therefore continues proactive monitoring and due diligence to identify hidden risks.
Commitments and Responsibilities
- NETSOL to maintain a zero-tolerance approach to modern slavery and human trafficking.
- Integrate human rights principles into business practices, supplier onboarding, risk assessments, and audits.
- Ensure all employees are aware of their responsibilities under this Policy.
- Provide reporting channels for escalation of any concerns related to unethical labor practices.
- Managers at all levels shall:
- Promote awareness and compliance with this Policy.
- Ensure teams do not engage with suppliers or partners who violate labor rights.
- Report and escalate any red flags or concerns immediately.
- Support employees who raise concerns in good faith.
- All employees shall:
- Comply with this Policy and related procedures.
- Complete training on human trafficking, ethical conduct, and supplier integrity.
- Report concerns through NETSOL's established channels.
- Suppliers shall:
- Demonstrate compliance with human rights laws and ethical business practices.
- Not engage in any form of modern slavery or forced labor.
- Ensure their own supply chains are free from exploitation.
- Cooperate with NETSOL's audits and due-diligence reviews.
- Notify NETSOL immediately of any suspected or confirmed breach.
Employment and Recruitment Practices
NETSOL shall uphold fair labor practices globally, including:
- Verifying employee identity and eligibility to work
- Prohibiting internal recruitment fees or any form of financial exploitation
- Ensuring no employee is required to surrender passports, IDs, or travel documents
- Ensuring employment is voluntary and free from coercion
- Maintaining transparent employment terms and wages
- Ensuring employees have freedom of movement
Recruitment agencies shall adhere to NETSOL's labor standards and ethical hiring practices.
Training and Awareness
NETSOL shall implement training programs to promote awareness of modern slavery risks, including:
- Orientation training for new hires
- Refresher training for employees in procurement, HR, and supplier management
- Specific training for risk-facing roles and management
- Awareness sessions for suppliers where needed
Training shall include recognizing indicators of modern slavery and how to escalate concerns.
Reporting Mechanisms
- NETSOL encourages immediate reporting of any concerns or suspected violations. Reporting channels include:
- Human Resources Department
- Legal and Compliance Department
- Senior Management
- Anonymous whistleblowing hotline (where available)
- Email reporting to Compliance Teams
- Reports shall be investigated promptly, confidentially, and without retaliation.
- NETSOL strictly prohibits retaliation against individuals reporting concerns in good faith.