Supply Chain Transparency Statement

At Pacsafe, we are committed to ethical business practices and the protection of human rights across our global supply chain. We recognize our responsibility to ensure that our products are sourced and manufactured in a manner that respects the dignity and rights of all individuals involved.

Compliance with the California Transparency in Supply Chains Act

In accordance with the California Transparency in Supply Chains Act of 2010 (SB 657), Pacsafe discloses the following efforts to eradicate slavery and human trafficking from our supply chain:

• Verification: We assess and verify our supply chain to identify and mitigate risks related to human trafficking and slavery. This includes internal reviews and, where appropriate, third-party assessments.
• Audits: We conduct periodic audits of our suppliers to evaluate compliance with our standards. These audits may be announced or unannounced and are performed by independent third parties.
• Certification: We require our direct suppliers to certify that the materials incorporated into our products comply with laws regarding slavery and human trafficking in the countries where they operate.
• Internal Accountability: We maintain internal accountability standards and procedures for employees and contractors who fail to meet our ethical standards.
• Training: We provide training to employees and management with direct responsibility for supply chain management, focusing on identifying and mitigating risks of human trafficking and slavery. 

Compliance with the German Supply Chain Due Diligence Act (LkSG)

As part of our commitment to international human rights standards and environmental protection, Pacsafe aligns with the requirements of the German Supply Chain Due Diligence Act:

• Risk Management: We have implemented a risk management system to identify, assess, and address human rights and environmental risks in our supply chain.
• Policy Statement: We have published a policy statement outlining our commitment to respecting human rights and environmental standards.
• Preventive Measures: We take proactive steps to prevent violations, including supplier engagement, contractual obligations, and capacity-building initiatives.
• Remedial Actions: In cases of identified violations, we act promptly to mitigate or eliminate the risks.
• Complaints Mechanism: We have established a confidential and accessible complaints procedure for individuals affected by our supply chain operations.
• Reporting: We document and publicly report our due diligence activities annually, ensuring transparency and accountability.