To assess the risk of modern slavery in our business and our supply chains, we have considered the type of business we undertake and our supply chains, including our employment practices and our procedures for the selection and approval of third-party vendors.
In addition, Lightcast reviews supply chains for areas of risk or concern, including vendors in higher risk geographies or offering higher risk types of services. Lightcast ensures that diligence questionnaires for critical vendors are completed, reviewed, and approved.
Our key vendors include professional services firms, such as legal, investment banking, accounting and other consulting firms, and providers of research and data, software and information technology services. Given the nature of the services provided, we believe that the risk of modern slavery at these vendors is minimal.
To a lesser extent, we utilize other services such as food, cleaning and car services, and purchase off-the-shelf goods such as technology equipment, stationery, office furniture and certain merchandise branded with the Lightcast name or logo. With respect to the services that they provide to us, we believe that the risk of modern slavery at these vendors is low in part due to the geographic location of performance. Given the limited nature of our business relationships with these vendors, we do not have the practical ability to assess each of their employment practices or supply chains.
To help ensure that vendors are aware of our policies and expectations relating to modern slavery, this Statement is available to our vendors on Lightcast’s website. In turn, when negotiating terms of vendor agreements, we request the addition of anti-slavery warranty wording that states that all goods and services furnished are free of slavery, forced, prison or compulsory labor, human trafficking and child labor. We also have the grievance mechanisms described earlier in this Statement.
We are not aware of any incidents of modern slavery in our supply chains. If cases of non- compliance are uncovered, Lightcast will determine the appropriate course of action on a case-by- case basis. In cases where non-compliance cannot be resolved to Lightcast satisfaction, it may terminate the arrangement with the vendor.