Trane Technologies Acquires Nuvolo
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This statement has been produced in accordance with the Modern Slavery Act 2015 under UK law in relation to the financial year ending December 31, 2022. Nuvolo Inc. (collectively referred to as Nuvolo) is a global company with operations in over four countries and hundreds of employees. We are committed to acting ethically, with integrity, and promoting work environments that engender conditions of freedom, equality, security, and dignity. Nuvolo expects its employees, contractors, and suppliers to prevent acts of modern slavery and human trafficking from occurring within both its business and supply chains, which have policies and codes of conduct (including the Employee Code of Conduct and the Vendor Compliance Program) in place to establish standards expected across our business activities. Our governance framework and related corporate policies empower our employees and contractors to report and escalate any concerns of unethical conduct, whether relating to modern slavery, human trafficking or other matters. Nuvolo has a zero-tolerance approach to Modern Slavery. All members of our staff are expected to report any concerns, however small they may seem, which will be investigated and, where appropriate, acted upon.
Nuvolo with offices in the United States, India, Bulgaria, and the United Kingdom. In terms of our supply chains, we engage highly skilled and specialist suppliers to support our products and services.
We operate the following policies and controls to prevent Modern Slavery within our business and supply chains:
We consider that the overall risk of exposure within our business and supply chains to Modern Slavery is low, particularly given: the highly skilled nature of the work undertaken by our staff and suppliers, our industry sector, and the jurisdictions in which we do business.
Nonetheless, we acknowledge our responsibility to remain alert to the risks, which are not static and are committed to ongoing and proactive efforts to ensure that our policies and controls remain effective. We, therefore, commit to the following initiatives:
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Nuvolo’s modern slavery and human trafficking statement for the financial year ending December 31, 2022. It has been approved by Nuvolo, Inc. Chief Operating Officer.