Modern Slavery Statements
Synergy is strengthening its practices to combat all forms of modern slavery.
Modern slavery is a term used to describe situations where coercion, threats or deception are used to exploit victims and undermine or deprive them of their freedom. Examples include people trafficking, servitude, forced marriage and labour, debt bondage, child labour and deceptive recruiting.
The Modern Slavery Act 2018 requires companies with an annual revenue of more than $100 million to report their actions to address modern slavery risks in their operations and supply chains.
Some of the key actions Synergy has undertaken to identify, assess and address modern slavery risks within the business are:
- Refreshed our corporate strategy to introduce a social value pillar, bringing modern slavery to the forefront of decision making.
- Developed our first Supplier Code of Conduct.
- Finalised Synergy’s risk appetite regarding modern slavery.
- Detailed new due diligence processes within our Modern Slavery Framework.
- Conducted second tier supply chain analysis on key suppliers.
- Defined our approach for monitoring supplier compliance with modern slavery obligations.
- Developed our first Social Procurement Standard.
- Formalised remediation commitment within Modern Slavery Policy and Framework.
Synergy's Modern Slavery Statements are also publicly available on the Australian Government's Modern Slavery Statements Register.