This statement is made by Ripple Energy Limited (“Ripple”) pursuant to section 54(1) of the Modern Slavery Act 2015 for the financial year ending 31 March 2023.
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. Ripple has zero tolerance of slavery and human trafficking in its operation and supply chain.
Ripple Energy is a private limited company (company number 10565718) incorporated on 16 January 2017. Ripple is a platform that enables cooperative 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.
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 provides and will continue to provide training to its employees who are encouraged to report any concerns about modern slavery or human trafficking they suspect that is related to Ripple, or its suppliers’, activities or any such incidents outside the sphere of work.
This statement has been approved by the Ripple Board of Directors on 28 July 2023.
Chief Executive Officer, Ripple Energy Limited
28 July 2023