We are committed to conducting our business in a manner that respects the rights and dignity of our employees and the rest of the people related to our activities. We respect internationally recognized human rights, as set out in the International Bill of Human Rights and the International Labor Organization´s Declaration on Fundamental Principles and Rights at Work. Labor practice at Atlantica and the professional activities of its employees, directors and executives are governed by the United Nations Universal Declaration of Human Rights and its protocols, as well as by International Agreements signed by the UN and the International Labor Organization (ILO) on social rights, as well as the principles of the United Nations Global Pact.
Freedom of association is a human right as defined by international declarations and conventions. In this context, freedom of association refers to the right of employers and workers to form, to join and to run their own organizations without prior authorization or interference by the state or any other entity. The right of workers to collectively bargain the terms and conditions of work is also an internationally recognized human right. Collective bargaining refers to all negotiations which take place between one or more employers or employers' organizations, on the one hand, and one or more workers' organizations (trade unions), on the other, for determining working conditions and terms of employment or for regulating relations between employers and workers.
We are fully aware of the diversity of the local communities where we operate. In this sense, we are fully committed to respect and create value in these local communities. We are delivering our human rights policy by implementing it into the processes that govern our business activities in all the geographies where we are present. By joining the UN Global Compact, we are determined at adopting the ten principles, a part of which relate to human rights and we are determined to make the principles an integral part of our strategy, culture and day-to-day operations. Our code of conduct references the policy, requiring the employees, officers and directors to report any illegal behavior or violations of laws, rules, regulations.
Anti-Slavery and Human Trafficking
Given the nature of our business, we believe the risk of modern slavery is low. However, we do not intend to be complacent and will continue to work to improve our policies and procedures to ensure slavery and human trafficking is not taking place anywhere in our supply chain.
Our major suppliers are large multinational companies who have their own standards of ethical behavior in place.
Atlantica Yield has developed a Supplier Code of Conduct with the minimum standards we expect third parties to adhere to. This document, that is available on our website, includes a specific reference to Human Rights and Labor Standards. We expect our suppliers to conduct their operations respectfully with fundamental human rights, as affirmed by the Universal Declaration of Human Rights.
In particular, we expect all suppliers and third parties to ensure that operations are free from exploitation of labor by prohibiting the use of forced labor, whether in the form of slave labor, indentured labor, bonded labor, coercion of any employee through any means, or any other forms. No incidents of modern slavery have been identified during 2017.