Modern Slavery Statement

Entity Name: Asset Label Australia Pty Ltd
ABN: 54 676 935 309
ACN: 676 935 309
Incorporation Date: 29 April 2024
Head Office Location: Victoria, Australia
Website: https://assetlabel.com.au
  

This statement is made in accordance with the Modern Slavery Act 2018 (Cth) for the reporting period ending 30 June 2025.

Introduction

Asset Label Australia Pty Ltd is committed to upholding ethical business practices and ensuring that modern slavery is not present in our operations or supply chains. As a company that manufactures and supplies high-quality asset labels and tags, we acknowledge our responsibility to identify and address any risks of modern slavery.

Our Operations

We are a privately owned Australian company based in Victoria, specializing in the production of durable asset labels and tags. Our products are designed to assist businesses in asset management and inventory tracking. We operate primarily within Australia, serving a diverse range of industries.

Our Supply Chains

Our supply chains involve the procurement of raw materials, including various label substrates and printing inks, from both local and international suppliers. We are committed to ensuring that these suppliers adhere to ethical labour practices and comply with all applicable laws regarding modern slavery.

Identifying and Assessing Modern Slavery Risks

Given the nature of our business, we recognize that the risk of modern slavery may exist in our supply chains, particularly in the sourcing of raw materials from regions with less stringent labour regulations. To mitigate these risks, we:

• Conduct due diligence on new and existing suppliers to assess their labour practices.
• Require suppliers to adhere to our Supplier Code of Conduct, which prohibits the use of forced, bonded, or child labour.
• Engage with suppliers to promote transparency and ethical practices throughout our supply chains.

Actions Taken

During the reporting period, we have:

• Developed and implemented a Supplier Code of Conduct that outlines our expectations regarding labour practices.
• Initiated conversations with key suppliers to discuss modern slavery risks and encourage compliance with ethical standards.
• Committed to reviewing and updating our procurement policies to include specific clauses addressing modern slavery.

Effectiveness of Actions

We are in the early stages of implementing measures to combat modern slavery. To assess the effectiveness of our actions, we:

• Monitor supplier compliance with our Supplier Code of Conduct.
• Collect feedback from suppliers regarding our ethical sourcing initiatives.
• Plan to conduct audits in the next reporting period to evaluate the impact of our policies.

Due Diligence Processes

Asset Label Australia Pty Ltd is committed to taking proactive steps to identify and prevent modern slavery risks within our business and supply chains.
We are implementing a due diligence framework that includes the following:
  
Supplier Risk Assessment

We assess suppliers based on:

• Geographic location (e.g., high-risk regions for labour exploitation)
• Industry sector risks (e.g., raw material extraction, chemical production)
• Size and complexity of supply chains

 
Supplier Onboarding and Evaluation

New and existing suppliers are required to:

• Complete a supplier questionnaire covering ethical labour practices
• Acknowledge and agree to our Supplier Code of Conduct, which strictly prohibits forced labour, child labour, and exploitative practices
• Disclose their own supply chain practices and risk management procedures

Consultation and Approval

This statement has been approved by the Board of Directors of Asset Label Australia Pty Ltd. The Board is responsible for overseeing the implementation of our anti-slavery initiatives and ensuring compliance with the Modern Slavery Act 2018 (Cth).

  
Date of Approval: 30th April 2024
Update of Approval: 30th June 2025
  
John Williams
Managing Director

Asset Label Australia Pty Ltd