Omega Industries Modern Slavery Transparency Statement
This statement is made pursuant to the Modern Slavery Act 2018 (Cth) and outlines the actions Omega Industries has taken to assess and address the risks of modern slavery within our operations and supply chain during the financial year ending 30 June 2024.
Our Structure, Operations, and Supply Chain
Omega Industries is a leading provider of industrial coatings and paint solutions across Australia. Our supply chain includes both local and international suppliers of raw materials, components, and logistics services. We recognise the global nature of our operations presents risks of modern slavery, particularly in regions with weaker labor regulations.
At Omega Industries, we are committed to conducting our business with integrity and respect for human rights. This Modern Slavery Transparency Statement outlines our approach to preventing modern slavery and human trafficking in our operations and supply chains. We recognise our responsibility to ensure that our business practices do not contribute to these serious violations of human rights.
Our Commitment
Omega Industries is dedicated to maintaining the highest ethical standards in all aspects of our operations. We have a zero-tolerance policy towards modern slavery, which includes any form of forced labor, human trafficking, or exploitation. We are committed to ensuring that our employees, contractors, and suppliers uphold these values.
Governance and Policies
Our governance framework includes policies that address modern slavery risks. These policies are regularly reviewed and updated to reflect changes in legislation and best practices. We provide training for our employees to ensure they understand the signs of modern slavery and the importance of reporting any concerns.
Risk Assessment
We conduct regular risk assessments to identify potential areas of modern slavery within our operations and supply chains. This includes evaluating suppliers based on their geographical location, industry practices, and compliance with labor laws. Our procurement team is responsible for ensuring that suppliers adhere to our ethical standards.
Supplier Due Diligence
Omega Industries implements a thorough due diligence process for all suppliers. We require them to provide information regarding their labor practices and compliance with relevant laws. We actively engage with suppliers to promote transparency and encourage them to adopt similar policies against modern slavery.
Training and Awareness
To foster a culture of awareness, we provide training programs for all employees on modern slavery issues. This training equips staff with the knowledge necessary to identify potential risks and empowers them to take action if they suspect any violations.
Reporting Mechanisms
We have established clear reporting mechanisms for employees and stakeholders to raise concerns regarding modern slavery without fear of retaliation. Reports can be made through confidential channels, ensuring that all concerns are addressed promptly and effectively.
Continuous Improvement
We are committed to continuous improvement in our efforts to combat modern slavery. Our Modern Slavery Transparency Statement will be reviewed annually, and we will update it as necessary to reflect our ongoing commitment to ethical business practices.
Looking Forward
At Omega Industries, we believe that every individual deserves to work in an environment free from exploitation and abuse. We are dedicated to playing our part in eradicating modern slavery from our operations and supply chains. This statement reflects our ongoing commitment to transparency and accountability in all aspects of our business.This statement is approved by the Directors of Omega Industries and is published on our website as part of our commitment to transparency and responsible business practices. This statement serves as a framework for Omega Industries’ commitment against modern slavery, aligning with Australian standards while reflecting the company’s values and operational practices.