{"id":17638,"date":"2024-07-03T18:58:03","date_gmt":"2024-07-03T22:58:03","guid":{"rendered":"https:\/\/smardt.com\/?page_id=17638"},"modified":"2025-05-01T16:04:06","modified_gmt":"2025-05-01T20:04:06","slug":"modern-slavery-report","status":"publish","type":"page","link":"https:\/\/smardt.com\/modern-slavery-report\/","title":{"rendered":"Modern Slavery Report"},"content":{"rendered":"\t\t
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Modern Slavery Report\u200b<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Smardt\u2019s Report\u2013Fighting against Forced Labour and Child Labour in Supply\nChain<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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8 April 2025<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Introduction<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis report is made pursuant to the Fighting Against Forced Labour and Child Labour in Supply\nChains Act (Canada) (the \u201cAct\u201d). Smardt Inc. (\u201cSmardt\u201d) is committed to conducting business\nethically and sustainably. We recognize the importance of upholding human rights and ethical\nstandards in all aspects of our operations.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Company Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Smardt Inc. was founded in 2004.
Registry ID: 1162482542
Jurisdiction: Quebec (Canada)
Registered Address: 1840 Autoroute Trans Canadienne, DORVAL Qu\u00e9bec H9P1H7 Canada
Number Of Employees: 221 (As of December 31, 2024)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Organizational Chart<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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TICA-SMARDT HOLDING INC (QC-CANADA)<\/p>

\u2b07<\/p>

100%<\/p>

TICA-SMARDT CHILLER GROUP INC (QC-CANADA)<\/p>

\u2b07<\/p>

100%<\/p>

SMARDT INC (QC-CANADA)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Activities and Supply Chain<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Smardt manufactures and supplies high-efficiency oil free chillers. We source materials and components from a network of suppliers across the globe.<\/p>

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We have not identified any forced labour or child labour in our activities and supply chain. Nevertheless, the business\u2019 supply chain is a potential risk. Currently the entity is beginning its analysis of its tier-one suppliers to identify the use of any forced or child labour. In such cases it is the entity\u2019s position to educate the tier 1 supplier to effect change. Further, we screen tier-one suppliers via World-Check One on an ongoing basis to ensure no supplier is found to be using forced or child labour.<\/p>

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Smardt recognizes the importance of understanding our supply chains to identify and mitigate the risk of modern slavery. We are committed to taking all necessary steps to prevent and mitigate these risks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Policy and Due Diligence Process<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Smardt has committed to fight against modern slavery, human trafficking and forced labour and ensure that they do not take place in any part of our business or supply chains. Our perseverance is also reflected in our due diligence process, Modern Slavery Statement and Policy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Modern Slavery Statement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We prepared our second modern slavery policy statement in line with Australia\u2019s Modern Slavery Act 2018 which is available on our website. We also researched the statements of others in our industry or other global businesses to educate ourselves on the type of content to consider and practices we should adopt to actively participate in combatting forced and child labour in general. Moving forward, compliance with the UK\u2014Modern Slavery Act 2015 and the California transparency in supply chains Act will be required for the next reporting period. MODERN SLAVERY POLICY The Modern Slavery policy was prepared in line with our commitment to a zero-tolerance approach to modern slavery and sets out our expectations for ethical labour practices throughout our supply chain.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Modern Slavery Policy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe Modern Slavery policy was prepared in line with our commitment to a zero-tolerance approach to modern slavery and sets out our expectations for ethical labour practices throughout our supply chain.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Supplier Due Diligence - Risk Assessment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In 2024 we completed a review of suppliers using the London Stock Exchange Group\u2019s World Check One feature which continues ongoing screening of our suppliers on a regular basis against various law enforcement, regulatory body, sanctions lists and more. In addition, we revised our due diligence process to include an additional layer of verification of our suppliers after they were assessed through World Check One to ensure timely and appropriate decisions are taken regarding our relationship. This verification includes additional local searches and enquiries directly with the supplier. Our ongoing risk assessment includes the consideration of the geographic location of our suppliers to avoid or mitigate business relationships with third parties in known high risk modern slavery areas; staying abreast of any news reported in the Bureau of Industry and Security (BIS.gov) press releases to react to any third-party business which may be identified on such lists; and reviewing other sources of information for practices such as corruption and bribery, because it may be a precursor to forced labour and human trafficking behaviors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Awareness Training<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Regional awareness training was provided to staff in all regions which explained the definition of modern slavery, provided information on red flags to identify such practices in the workplace or among suppliers; provided a quiz to said staff to ensure comprehension; developed a process to report and investigate any claims of modern slavery either in the workplace or among suppliers; and created a dedicated email address for all employees to use to raise concerns, report on the matter or ask questions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Remediation of Any Forced Labour or Child Labour and Loss of Income<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our supply chain is vast and ever-growing, which means we are constantly striving to ensure we meet our clients\u2019 needs with quality products. During the period from 1st January 2024 to 31st December 2024 which this report covers, we were not made aware of any slavery activities against any of our suppliers, but if we were, our supply chain team and regional leaders would act immediately and report such an activity via our whistleblower platform and\/or directly to the appropriate authorities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Reporting<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Smardt has committed to establishing a reporting mechanism. Through our whistleblowing channel we will encourage employees and other stakeholders to report any potential concerns of modern slavery and human trafficking in our operations or supply chains while keeping their anonymity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Actions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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During the reporting period, the following actions were taken during the reporting period.<\/p>