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Modern Slavery Act
Transparency Statement
Our Organization:
NetSol Technologies, Inc. (“NETSOL”) acknowledges internationally proclaimed human rights and is fully committed to combat slavery and human trafficking. We design, develop, market, and export proprietary software products to customers in the automobile financing and leasing, banking, and financial services industries worldwide. We also provide system integration, consulting, and IT products and services in exchange for fees from customers.
We have seven wholly owned and six majority owned subsidiaries worldwide including the United Kingdom and our parent company is incorporated in the United States. NETSOL has more than 1500 permanent employees worldwide.
The NETSOL Human Rights Policy recognizes international human rights as set out in the Bill of Human Rights. Our Policy reflects our responsibilities around slavery and human trafficking.
Our Policies and Due Diligence on Slavery and Human Trafficking:
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. As a software and services company, we do not have a manufacturing base or supply chain for tangible goods. Accordingly, we believe there is a very low likelihood of slavery and/or human trafficking in our supply chain. However, our company is committed to promoting and protecting human rights wherever we do business.
We expect our suppliers and other business partners to be committed to ethical behavior, to comply with all applicable laws and regulations, and to take action to promote the eradication of human trafficking and slavery. We will continue to work with our suppliers and refine our own requirements and processes to reinforce our commitment to human rights and a culture of ethical behavior, integrity and respect.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Company’s slavery and human trafficking statement for the financial year ending June 30, 2021.