Ripple Energy Policy and Statement on Modern Slavery and Human Trafficking

Last updated: 27 May 2022

Introduction

Modern slavery and human trafficking are morally reprehensible crimes violating human rights. They are a real problem for millions of people around the world, including many in developed countries, who are being kept and exploited in various forms of slavery or trafficking. Every company is at risk of being involved in these crimes through its own operations and its supply chain.

At Ripple Energy, we are fully committed to preventing slavery and human trafficking in our operation and supply chain.

Organisational Structure and Supply Chains

Ripple Energy is a platform that enables co-operative ownership of large-scale renewable energy projects. Ripple identifies suitable projects, undertakes due diligence and then brings together households to collectively purchase the project. Ripple then manages the construction and operation of the project.

Ripple only has operations in UK at this time, consisting almost entirely of office-based professionals. However, the supply chain for the projects that Ripple manages is diverse and international.

Ripple considers each supplier’s reputation, safety and environmental standards and references when carrying out due diligence. We are not aware of any allegations of human trafficking/slavery activities against any of our suppliers. If we were, then we would act immediately against the supplier and report it to the relevant authorities.

Risk Assessment

Ripple undertakes a risk assessment in the due diligence process for new and existing suppliers to the projects it manages. We will consider the risk profile of individual countries identified as providing major components to the supplier, the business services rendered by the supplier, and any relevant news relating to that supplier to determine an appropriate response and risk controls to be applied.

Ripple’s employees are encouraged to report any concerns about modern slavery or human trafficking they suspect that is related to Ripple’s, or its suppliers’, activities or any such incidents outside the sphere of work. Employees that do not act in the spirit of this policy will face disciplinary action.

This Statement and Policy

This Statement and Policy is made pursuant to s.54(1) of the Modern Slavery Act 2015 and is valid until revised. It has been approved by Ripple Energy’s board of directors.