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Modern Day Slavery Statement

Masdar continually works to prevent slavery and human trafficking from taking place in our manufacturing supply chains and operations, in line with the United Kingdom Modern Slavery Act.

Our Business

As of December 31, 2018, we employed approximately 250 full-time and part-time employees. However, employment levels fluctuate due to seasonal factors affecting our business. Additionally, we utilize independent contractors and temporary personnel to supplement our workforce.

Abu Dhabi Future Energy Company PJSC - Masdar (“Masdar”) is committed to improving the working conditions of people around the world who are a part of our supply chain and business. Masdar sources products and services for many of its businesses around the world, including sourcing private label products in several industries. With manufacturers and service providers spanning the Americas, Asia, Australia, Europe, and Africa, we recognize the need to monitor for conditions that put workers at risk of forced labour.

Policies and Controls

The Mubadala Group’s Code of Conduct (which Masdar, as a wholly owned subsidiary of Mubadala, has adopted) sets out guiding principles and establishes that in performing job duties Masdar employees should always act lawfully, ethically, and in the best interests of Masdar.

Masdar commits publicly to addressing risk of slavery and human trafficking in its Supplier Code of Conduct (“Supplier Code”). Masdar’s purchase and service agreements require our manufacturing suppliers and service providers to comply with our Supplier Code of Conduct.

We evaluate and address risks of slavery and human trafficking in the Supplier Code which states, among other standards, that our Suppliers will not use, employ, or seek to exploit in anyway the services of child, under-aged, or slave or trafficked labor. This includes any form of indentured servitude, such as use of physical punishment, confinement, and threats of violence as a method of discipline.

In addition, other than as is permissible by law, Our Supplier Code stipulates that Suppliers should not forcibly retain employees’ identification, passports, work permits, or deposits as a condition of employment. Suppliers must require the same from any contractor or subcontractor employed to perform work for the Mubadala Group

Due Diligence Processes

Masdar assesses manufacturing suppliers and service providers for continued compliance and improvement and Masdar reserves its right to terminate any relationship with any supplier that violates our Supplier Code. Suppliers are required, where Masdar has made recommendations in lieu of termination with respect to any violations, to remediate such violations of the Supplier Code and provide an action plan with timeline setting out the process for executing such remedial actions.

Audit reports and findings are reviewed regularly by senior leadership and corrective action plans are implemented as needed.

Risk Management

To ensure that our policies and programs incorporate internationally recognized human rights standards, we conduct formal benchmarking with industry and multilateral groups to design, operate, and continually improve our risk assessment and audit program.

Support and Capacity Building

Employees of Masdar take mandatory compliance training courses on the Code of Conduct and the Mubadala Ethics and Compliance Program. Additionally, the Mubadala Ethics and Compliance Office has developed and maintains reporting guidelines for employees who wish to report violations of the Mubadala Code of Conduct and/or the Ethics and Compliance Program.

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