NETSOL’s Human Rights policy applies to every NETSOL employee and is based on the following key principles:
Conducting all of our business lawfully in all the communities that we serve and in a manner that respects and promotes human rights and equality for all employees, agency staff and suppliers wherever they are based.
A recognition and respect of the fundamental human right to allow employees/people to lead a dignified and independent life, free from abuse, violations and any form of discrimination.
A recognition that peoples’ human rights can be directly and indirectly affected by the company’s operations, products and services, and to take steps to identify and reduce the company’s negative impact on communities and environments wherever possible.
A desire to act as a responsible organization in achieving a common set of standards applying to all peoples and all nations in the commitment to continual social and economic improvement.
Oppose and prohibit the use of human trafficking, child labor, slavery and slave labor, and expect the same from all of our business partners and suppliers. As a global business, the Company is committed to compliance with the International Bill of Human Rights and both applicable labor laws and specific human rights laws such as the U.K.’s Modern Slavery Act.
A commitment to seek to only enter into contractual relations with third parties who demonstrate a desire to apply similar principles to the above through their own frameworks and initiatives.
NETSOL recognizes that the successful implementation of our Human Rights Policy is heavily influenced by the cooperation and support of our supply chains.
If suppliers or contractors act in a way that is inconsistent with our Human Rights Policy and/or are complicit in any human rights abuses, NETSOL will look to terminate their contracts and end all commercial relations with them.
NetSol Technologies, Inc. (“NETSOL”) acknowledges internationally proclaimed human rights and is fully committed to combat slavery and human trafficking. We design, develop, market, and export proprietary software products to customers in the automobile financing and leasing, banking, and financial services industries worldwide. We also provide system integration, consulting, and IT products and services in exchange for fees from customers.
We have seven wholly owned and six majority owned subsidiaries worldwide including the United Kingdom and our parent company is incorporated in the United States. NETSOL has more than 1500 permanent employees worldwide.
The NETSOL Human Rights Policy recognizes international human rights as set out in the Bill of Human Rights. Our Policy reflects our responsibilities around slavery and human trafficking.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. As a software and services company, we do not have a manufacturing base or supply chain for tangible goods. Accordingly, we believe there is a very low likelihood of slavery and/or human trafficking in our supply chain. However, our company is committed to promoting and protecting human rights wherever we do business.
We expect our suppliers and other business partners to be committed to ethical behavior, to comply with all applicable laws and regulations, and to take action to promote the eradication of human trafficking and slavery. We will continue to work with our suppliers and refine our own requirements and processes to reinforce our commitment to human rights and a culture of ethical behavior, integrity and respect.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Company’s slavery and human trafficking statement for the financial year ending June 30, 2016.
NETSOL Technologies, Inc.