Modern Slavery Statement
DDT HOLDINGS PTY LTD
(ABN: 20 137 675 140)
1. INTRODUCTION
DDT has a zero-tolerance approach to modern slavery and is committed to addressing any modern slavery risks in its operations and supply chains. We have undertaken an initial risk assessment of modern slavery in DDT’s operations and supply chains. This statement outlines DDT’s progress to date and the current and future commitments. Our commitment to human rights and responsible business conduct remains strong. We recognize the crucial importance of actively addressing modern slavery risks within our operations and supply chains.
2. DDT’s STRUCTURE, OPERATIONS AND SUPPLY CHAINS
DDT has been in the wholesale commodities trading business of wastepaper, scrap metal and Agricultural commodities for 14 years.
DDT source these products from suppliers based primarily in Australia, New Zealand, South Africa, Singapore for customers primarily based in China, India, Indonesia, Thailand, Singapore, Malaysia, South Korea, Vietnam in addition to customers within Australia.
During the reporting period we undertook transactions with, but not limited to approximately 40 customers, 80 suppliers, 30 shipping lines and transport service providers.
- Wastepaper
- Scrap Metal
- Agricultural commodities
DDT contracts and partners with global entities and, where possible, supporting leading local and regional Australian-domiciled companies that provide specialised services in the following areas:
- Containerised Shipping
- Road Transport
- Trading agent services
- Contracted service providers
3. RISKS OF MODERN SLAVERY IN OUR OPERATIONS AND SUPPLY CHAINS
An initial risk assessment of modern slavery in our operations and supply chains identified potential areas where there may be a risk of modern slavery incidents.
- Suppliers who may use products purchased or manufactured in high-risk countries.
- Where DDT uses third party service providers to provide equipment/services and other ad hoc services.
During the assessment process, our operations in Australia that are conducted by staff employed here, were identified as the areas with the lowest risk.
We acknowledge that the risks of modern slavery may be heightened in some of our group’s supply chains and operations because of the geographical location of some suppliers like those based in China, India, Nepal and Indonesia.
Some of our supply chain members’ areas of operation, and the source of materials used in products supplied to us from industries could be prone to an elevated risk of modern slavery incidents. Viz, the agricultural productions dependent on seasonal migrant labour.
Our risk assessment has identified the following areas of concern in respect of Modern Slavery practices
- The dealing in and sourcing of products from countries like China, Indonesia, Vietnam.
- Agriculture production that uses seasonal migrant labour.
- Suppliers that are based in areas and countries, where they are not required under the local law to screen their supply chains for Modern slavery practices or practice due diligence for such identification.
4. ACTIONS TO ASSESS AND ADDRESS MODERN SLAVERY RISKS
All our major and new suppliers are required to answer our anti modern slavery questionnaire. Our analysis of responses from supplier questionnaires has instilled confidence in our ongoing business relationships. This thorough approach demonstrates our commitment to continuously mitigate potential modern slavery risks in our operations.
We have also reviewed our supply contracts and added anti modern slavery clauses in our supplier and customer contracts. All our potential suppliers are provided with a copy of the DDT’s Anti-Modern Slavery Policy and are required to undertake to comply with that policy. We collect and review the Anti-Modern Slavery policies of those suppliers who have such a policy.
5. ASSESSING EFFECTIVENESS
- We have built in an Anti-Modern Slavery clause in our supplier and customer contracts to incorporate the modern slavery obligations into our contractual relationships with our supply chain members. This creates accountability on the part of the supply chain members. We can with the aid of such clauses keep track of compliance as a part of our regular contractual reviews. Based on the results of these processes we will adapt and strengthen our actions to continually improve our response to modern slavery.
- We have also strengthened our customer onboarding process and created a policy which lays down guidelines for assessing potential customers and amongst other things, ensure that we do not undertake transactions with customers which present evidence of Modern Slavery Practices within their supply chain or own business operations.
- The incoming employees at DDT are provided with the necessary tools, including providing examples of modern slavery markers, to identify and report instances of modern slavery incidents in our supply chains. This enables us to assess the effectiveness of our anti modern slavery policy, and procedures in place.
6. CONSULTATION
We do not own or control any other entities and therefore this criterion is not applicable.
7. FURTHER STEPS AND OTHER RELEVANT INFORMATION
- Review of our policies to mirror the dynamic environment we work in.
- Continuous engagement with our supply chain members to work towards eliminating modern slavery incidents.
- Improve and update mechanisms to aid identification and reporting of any indicators of presence of modern slavery.
- Continuous assessment of the effectiveness of our actions.
8. APPROVAL
This statement has been approved by the Board of DDT Holdings Pty Ltd on the 27th day of December 2023.