As a privately owned business the board of directors act in good faith and in the best interest of all its stakeholders. The management considers that applying good corporate governance helps to underpin the long term performance of the company thereby achieving the objective of maximizing shareholder value while balancing the interest of all stakeholders.
The board is responsible for the success of the company through its guidance and monitoring of business activities. This is achieved through the formulation, delivery and review of the company’s operating strategy, monitoring and assessing the financial performance and business opportunities of the company and reporting regularly to its shareholders.
The overall system of procedures and internal controls across the business contributes to the effective corporate governance of the Company and includes:
Good governance is promoted as the responsibility of everyone at Hesco.
We know that creating a successful business requires more than just achieving financial results.
We want to make a positive contribution to everyone we come into contact with or anyone we impact whether they are business partners, employees or the wider community. We want to engage with integrity with all end users, customers, suppliers and business partners to ensure we uphold the highest standards of personal and business ethics and responsibility.
We are committed to providing excellent workplace standards for everyone.
We believe in a positively engaged workforce, one that passionately believes in the Hesco mission and continues to deliver the outstanding "can do" ethos that Hesco has maintained since it began.
Our brand has built considerable goodwill and trust with its end users, customers and business partners. We at all times seek to preserve and build upon this through ensuring we approach everything we do with a high level of integrity and, where possible, being innovative and responsive to needs and demands of those with whom we deal. We continue to seek to reach out to a wider audience, through development of the brand, by developing long term partnerships with customers, suppliers and colleagues, and working in an honest and open manner.
We demonstrate our commitment to the reduction of environmental impact, by looking for innovation that reduces waste throughout the life cycle of the products and services we provide. This commitment feeds into all levels, from manufacturing, business support and product development, to reinforcing employee environmental awareness.
We believe in supporting the communities in which we operate as best as we can, with regard to the business environment in which we work. Where possible, we seek to use local resources and we contribute to local charities, as well as supporting national organizations.
Hesco Bastion Limited (‘Hesco’) is committed to carrying out its business with integrity, ethically and responsibly, which includes ensuring that slavery and human trafficking are not taking place within any part of its business or supply chain. This statement is made in accordance with section 54(1) of the Modern Slavery Act 2015 and explains the measures Hesco has taken to prevent slavery and human trafficking in its business and supply chain during the last financial year ending 31 December 2016. It has been approved by the Board of Directors.
Hesco’s Main Business
Hesco designs, develops and manufactures a range of protective structures and barriers, working primarily from its UK base, with an additional operational facility in the USA. Both sites operate Quality Management Systems accredited to ISO 9001:2008. Our products are used across the globe and customers are predominantly large international businesses, national governments, humanitarian and peacekeeping NGOs. Our products offer protection from natural threats such as flooding, as well as protecting people and assets in conflict zones or where there is a significant terrorist threat.
Our supply chain: We have a small, specialist, and very long established supply chain, with approved key suppliers being based in Europe and the USA. Relationships are strengthened through regular and ongoing supplier approval visits, so that any who are operating or sourcing from high risk countries, where modern forms of slavery are prevalent, can be quickly identified and audited.
Our Policies in relation to Slavery and Human Trafficking
Hesco has developed policies and procedures to ensure that all business is conducted in a transparent, ethical, and responsible manner, thus remaining compliant with the Modern Slavery Act 2015. Recently introduced examples of these are:
Other existing policies such as the ones below are designed to ensure compliance to high ethical standards of behaviour throughout the organisation, fair treatment of all colleagues, and an open culture where any concerns can be raised with Management:
Our Due Diligence Processes
Following the publication of the Modern Slavery Act, Hesco has introduced further due diligence on the supply chain as part of the approval process leading to preferred supplier status. We continue to consider where our business and supply chain is most at risk.
Hesco’s in-house legal team and Supply Chain Manager have completed external training on the requirements of the Modern Slavery Act and we will provide further training as required for any other managers involved in the supply chain function to ensure they can evaluate the risks and recognise signs of modern slavery and human trafficking.
Over the next year we intend to critically evaluate the policies we have put in place to prevent slavery and human trafficking taking place in its business and supply chain. We will report and act on any reports or notifications from staff or external authorities, including prosecutions or criminal charges, and thus ensure no forms of compulsory labour and human trafficking take place in our business and supply chain.
Signed Kevin Lyons, Hesco COO