Respect for human rights is a core concern of the SCANDIC GROUP. As part of this network, SCANDIC COIN takes responsibility for maintaining an ethical and transparent supply chain in the field of crypto services. We do not tolerate any form of modern slavery, forced labor, child labor, or human trafficking. This statement explains our approach to preventing such practices and is reviewed annually.
SCANDIC ESZKÖZÖK FZCO
Dubai Silicon Oasis DDP
Building A1/A2
Dubai — 342001
United Arab Emirates
Phone: +97 14 3465-949
Mail: Info@ScandicAssets.dev
Kereskedelmi nyilvántartás: View Certificate
Képviseli: SCANDIC TRUST GROUP LLC
(hereinafter referred to as “SCANDIC GROUP”)
IQ Business Centre
Bolsunovska Street 13-15
Kyiv — 01014, Ukraine
Phone: +38 09 71 880-110
Mail: Info@ScandicTrust.com
Kereskedelmi nyilvántartás: View Extract
Együttműködésben:
LEGIER Beteiligungs mbH
Kurfürstendamm 14
10719 Berlin
Federal Republic of Germany
Commercial Register: HRB 57837 – Register Court: Berlin-Charlottenburg
VAT ID: DE 413445833
Phone: +49 (0) 30 99211-3469
E-mail: Office@LegierGroup.com
Kereskedelmi nyilvántartás: Német kereskedelmi nyilvántartás
Jogi figyelmeztetés:
SCANDIC ASSETS FZCO and LEGIER Beteiligungs mbH act as non-operational service providers. All operational activities of SCANDIC DATA are carried out by SCANDIC TRUST GROUP LLC. SCANDIC ASSETS FZCO is the holding company and brand owner; all responsible and operational activities are managed by SCANDIC TRUST GROUP LLC.
1. Our Approach to Modern Slavery
SCANDIC COIN is committed to respecting human rights and fair working conditions throughout the entire value chain. Our guiding principles — integrity, transparency, and responsibility — require that we proactively prevent forced labor, debt bondage, human trafficking, and other forms of modern slavery. We integrate the requirements of the UK Modern Slavery Act 2015, the German Supply Chain Due Diligence Act, and other national and international legal provisions into our business processes. We expect our employees, suppliers, and partners to adopt a zero-tolerance policy toward modern slavery.
2. Supply Chain and Risk Management
Our supply chain includes the procurement of IT hardware (servers, network technology, storage), energy supply (renewable electricity, diesel generators for emergencies), facility services (security, cleaning, catering), software and maintenance services, as well as transport. We regularly identify and assess risks of modern slavery, especially in countries and sectors with higher risk profiles. Our measures include:
Supplier Code of Conduct: All suppliers must accept binding human rights and labor standards, including prohibitions on child and forced labor, payment of fair wages, assurance of occupational safety, and environmental protection.
Contractual obligations: Contracts include clauses requiring compliance with the Modern Slavery Act and the German Supply Chain Law, as well as audit rights. For suppliers in high-risk areas, we request additional evidence and certifications (e.g., SA8000, ISO 45001).
Audits and inspections: We conduct risk-based audits or require independent certification. In the case of non-compliance, we agree on corrective actions and deadlines. Repeated violations lead to supplier exclusion.
Risk analyses: New and existing suppliers are evaluated regarding country- and industry-specific risks. We use publicly available indices (e.g., Global Slavery Index) and internal assessment matrices. When risks are identified, preventive and corrective measures are defined.
3. Expectations for Business Partners
We collaborate only with partners who share our values. Our business partners must ensure that no form of modern slavery occurs within their supply chains and that they impose the same obligations on their own suppliers. We expect transparency regarding the origin of components and materials, working conditions, and environmental practices. Violations of these requirements result in corrective measures; in the event of serious or repeated violations, the cooperation will be terminated.
4. Training and Awareness
Employees, particularly those in procurement, operations, facility management, and human resources, receive training to identify risk factors for modern slavery. Awareness programs explain reporting channels, possible warning signs (e.g., excessive working hours, restricted movement, chained labor contracts), and the applicable legal frameworks. Managers are trained on how to conduct reviews and audits and how to guide suppliers toward improvements.
5. Whistleblowing and Remediation Processes
SCANDIC COIN provides a confidential whistleblower channel. Employees, suppliers, and external parties can report human rights violations anonymously or by name. Each report is investigated, documented, and — where necessary — remediated in cooperation with the relevant partners. Whistleblowers are protected against retaliation. The results of investigations are included in our reports and contribute to the continuous improvement of our processes.
6. Evaluation and Continuous Improvement
We review our strategies on a regular basis. Insights from audits, supplier assessments, whistleblower reports, and industry initiatives are used to improve our processes. Progress and challenges in combating modern slavery are documented in our annual ESG report. SCANDIC COIN maintains dialogue with industry initiatives and NGOs to adopt best practices and continuously strengthen our commitment.
