Modern Slavery and Human Trafficking Policy Statement
Organization’s Structure
OSI’s mission is create solutions for a safer and healthier world. We are a diversified global developer, manufacturer, and seller of security and inspection products, medical devices, and optoelectronic-based components, as well as a provider of engineering and manufacturing services. The company has more than 30 years of experience in electronics engineering and manufacturing with employees and facilities in over a dozen countries. Our core focus is to help security experts, clinical professionals and high-tech developers solve real-world problems and issues.
Our Business
At our core, we are a technology solutions company. We have three operating divisions:
Our Security division provides security and inspection systems, turnkey screening operations, and integrated solutions, all supported by a global service and maintenance network.
Our Healthcare division provides patient monitoring, diagnostic cardiology, and anesthesia delivery and ventilation systems.
Our Optoelectronics and Manufacturing division provides specialized electronic components and electronic manufacturing services to our Security and Healthcare divisions, as well as to external original equipment manufacturers (“OEM”) and end users for applications in the defense, aerospace, medical and industrial markets, among others.
Our Policies on Slavery and Human Trafficking
OSI Systems maintains a Modern Slavery and Human Rights Policy, which can be found on our parent company’s website here: https://www.osi-systems.com/about-osi/ethics-and-compliance/modern-slavery-human-trafficking/.
OSI and our global subsidiaries also maintain a Code of Ethics and Conduct which outlines our values and policies. We will not knowingly use child labor or forced labor in any of the products and/or services we provide, nor will we accept products and/or services from suppliers that employ or utilize child labor or forced labor. We strongly believe that both our employees and suppliers have a responsibility for promoting ethical and lawful employment practices. We prohibit the confiscation or destruction or of employees’, contractors’, or sub-contractors’ passports and/or immigration documents. We take great pride in our products and services which are supported by our world-class supply chain. Our suppliers are contractually prohibited from engaging in modern slavery or human trafficking and must comply with local labor laws and international standards. We do this through a variety of measures.
- Supplier Management
Suppliers must sign either our Purchase Terms and Conditions or have a contract in place, confirming they will adhere to the relevant human trafficking and slavery laws in each of the relevant countries in which they operate. As part of our contracts, we have audit rights with our suppliers, and upon request, a supplier must be able to demonstrate compliance with our terms to the reasonable satisfaction of OSI Systems. Our Suppliers are expected to fully cooperate with any such audit. - Training
Each year, OSI employees are trained on this Policy and the global consequences of modern slavery. Our annual training program provides our staff with helpful information in detecting and preventing violations of this Policy and our core values.
Our effectiveness in combating slavery and human trafficking
OSI maintains a world-class, dedicated Compliance function. We identify the overall compliance risks in our supply chain by mapping our supply chain and assessing various factors, including the countries our vendors are operating in and what products or services we buy, and the risks related with sourcing from those countries or sourcing a specific product. We conduct these activities internally in conjunction with our annual review of our human trafficking and modern slavery risks. We also have systems in place where concerns can be reported and have systems in place to protect whistle blowers.
Applicability
This Policy is applicable to all employees of OSI System, Inc. and its global subsidiaries for the Company’s Fiscal Year 2023 (July 1, 2023 to June 30, 2024). This Policy is reviewed annually.
Approved by Deepak Chopra (Chairman and CEO).
