monday.com Modern Slavery Act Statement
This Statement (the “Statement”) has been published and is made on behalf of monday.com Ltd. (the “Company,” “we” or “our”).
This Statement has been prepared pursuant to Section 54 of the U.K. Modern Slavery Act (2015) and relates to the fiscal period from January 1st, 2023 through December 31st, 2023.
As a global organization, the Company is committed to high standards of ethical conduct and compliance with applicable laws and, as such, has a zero-tolerance approach to modern slavery, child labour and human trafficking. We are further committed to implementing effective systems of controls to ensure modern slavery, child labour and human trafficking are not taking place within our own business or in any of our supply chains. It is our expectation that our suppliers and business partners also conduct themselves in this manner.
This Statement applies to all persons working for us or on our behalf in any capacity, including employees at all levels, directors, agency workers, seconded workers, volunteers, interns, agents, contractors, external consultants, third-party representatives and business partners.
1. Business structure and description of supply chain
The Company globally develops and sells a leading project management tool that enables organisations to manage tasks, projects, and team work on a Software-as-a-Service basis. As of December 31st, 2023, the Company serves over 225,000 customers, including many non-technical organisations.
In the course of our day-to-day operations, we engage with suppliers of varying sizes and sectors throughout the world, the majority of which are in the US, Europe and Israel, providing mostly technological products and services, marketing services, non-tech services, human resources and facilities services. These suppliers play an integral piece in supporting our growth and sustainability.
We are dedicated to ensuring that our supply chains do not rely on or engage in modern slavery, child labour or human trafficking. To this end, we have formulated, and seek to enforce, a code of conduct for our vendors (the “Vendor Code of Conduct”). The Vendor Code of Conduct sets the expectation from our suppliers, which include to:
● comply with all applicable human rights laws prohibiting child, forced, indentured, or involuntary labour.
● not tolerate harassment in any form, including verbal, physical, or sexual harassment.
● provide equal opportunities in employment, development, and advancement for all qualified persons.
By setting the expectations from our suppliers through the Vendor Code of Conduct, we seek to implement and maintain a robust framework of controls to prevent, inter alia, modern slavery, child labour and human trafficking in our supply chains.
3. Due diligence in the supply chain
The Company carries out risk assessments in relation to its suppliers. Where the Company identifies potential risks, we seek to increase our internal and external diligence protocols to ensure compliance with the Vendor Code of Conduct and those applicable national regulations. The Company currently assesses our overall risk profile in relation to the Company’s suppliers by referencing several factors.
Were we to suspect that any of our suppliers are relying on or engaging in modern slavery, child labour or human trafficking, we would make any necessary reports to the relevant authorities, and where such suspicion materializes or appears to be true – we would terminate our relationship with that supplier.
Because of the types of services performed by our suppliers, we believe the risk of modern slavery, child labour or human trafficking occurring within the performance of our suppliers’ services to us is low.
To date, we have received no reports of any incidents relating to modern slavery, child labour or human trafficking in our supply chains.
4. Training, reporting, and communication of this Statement
Each of the Company’s employees and directors are required to adhere to the “Code of Conduct and Ethics” (the “Code”). Pursuant to the Code, employees and directors have a duty to report any known or suspected violation of the Code, including violations of the laws, rules, regulations or policies that apply to the Company. Employees are made aware of this through onboarding and through regular training.
Further to the Code, we also ensure that our employees are aware of any potential risk of modern slavery, child labour or human trafficking in our supply chains.
The Company is committed to developing further robust training and policies that ensure the continual development of our working practices, as shall be applicable to our business and its risk profile, at our discretion, from time to time. These policies will be regularly reviewed and communicated to ensure that all applicable personnel are fully aware of their obligations.
The Company will use the following key performance indicators to measure the effectiveness of its approach to monitoring and combatting modern slavery, child labour and human trafficking:
- Effective deployment of training to key stakeholders.
- Continued development of due diligence procedures and on-going monitoring of key suppliers.
This Statement has been approved by the Board of Directors of the Company.
This Statement will be reviewed and published annually.
Date Approved: February 7, 2024