This statement has been published in accordance with the Modern Slavery Act 2015 of UK Public General Acts for the financial year ending 31 December 2024.
We consider the definitions of modern slavery, as servitude, forced or compulsory labour and human trafficking, in line with the offences outlined in the Act.
Innovo is a construction and real estate business headquartered in the UK. We offer services in construction, real estate development, project finance & management, supply chain management, venture capital & private equity. The lions’ share of Innovo’s operations is in the Middle East. Our supply chain partners comprise consultants, contractors, subcontractors and suppliers.
Innovo’s corporate culture is built on integrity, compassion and transparency. We are committed to engaging on human rights and eradicating modern slavery and human trafficking in our business and supply chain. We continuously strive to conduct our operations ethically and honestly and uphold the dignity and rights of our people and partners.
Innovo mitigates the risk of modern slavery practices through policy commitments and working solely with reputable supply chain partners.
The construction sector remains susceptible to instances of modern slavery practices. The reasons are a fear of reporting, low levels of awareness and the implicit nature of the crime. Labour risks lie predominantly in the supply chain and the delivery of construction services.
We do not tolerate instances of modern slavery anywhere in our operations and supply chain and have taken robust measures to ensure compliance, as outlined below.
We analyse modern slavery issues in the context of other exploitative practices including health & safety negligence, substandard accommodation, excessive working hours, withholding of wages or personal possessions, and physical, visual or verbal intimidation and abuse or non-compliance with labour laws.
Our policies and practices express a clear prohibition of all modern slavery offences that applies to all enterprises in our group and in our supply chain, including the recruitment and selection of individuals.
Supporting our policies, we have implemented minimum standard practices to mitigate the potential risk in all areas concerning modern slavery considerations:
This statement was approved by the Board of Directors of Innovo Holding Limited.