Katanox is a hospitality distribution and financial technology platform. We build our solution to help travel buyers and hotels build direct relationships both technically and commercially. We replace the existing ecosystem of middlemen providing connectivity and payment products in a single platform.
Katanox, and the majority of the clients it provides services to, are truly global businesses. At the date of this statement, Katanox has approximately 20 people in 6 countries.
Katanox BV is the ultimate parent company of the Katanox Group, which includes Katanox Financial Technology BV, Katanox Financial Technology Ltd. and Katanox Financial Technology Inc. and is headquartered in Amsterdam, The Netherlands.
Katanox presents its statement pursuant to the provisions of section 54 of the Modern Slavery Act 2015 (the Act).
Both Katanox and its group companies will be collectively referred to as ‘Katanox’ for the purposes of this statement.
Katanox is committed to upholding the principles of the Act, taking measures to ensure that modern slavery in the form of slavery, servitude, forced or compulsory labor and human trafficking is not taking place in any part of Katanox’s business or in those of our clients and suppliers.
At Katanox, we take seriously our responsibility to conduct business in an ethical way. Katanox became member of the United Nations Global Compact in June 2023. The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles, including in the areas of human rights and employment.
Our Chief Financial and Risk Officer is accountable for our compliance programme, including drafting policies and procedures, training and monitoring and provides periodic reports to the shareholders and the Financial and Compliance Auditor.
We have several group-wide policies in place that are relevant to modern slavery and continually review, refine and develop our policies.
Our code of conduct sets out the clear expectation of us as a company and explains the principles that underpin our ethical standards and is applicable to all Katanox people and contract workers in all locations globally, including third parties working on behalf or representing Katanox. Our code of conduct is available below:
Our Accommodation Supplier and Vendor CoC, outlines our expectations of the standards we expect our Accommiodation Suppliers as sellers on our platform to meet, this includes regarding human rights issues such modern slavery, child labour and people trafficking. Considering vendor due diligence:
The nature of the services Katanox provides offers limited opportunity for modern slavery and/or human trafficking practices. While this may be the case, Katanox recognises it remains important to monitor its vendors to help prevent and identify the risks of modern slavery.
Katanox seeks to establish and improve its processes to:
Include additional enquiries in its partnerships and procurement processes for goods, services and locations that are assessed as having a high risk of modern slavery or human trafficking, including an evaluation of publicly available statements from its Accommodation Supplier partners or vendors or memberships to industry alliances that require yearly annual behavioral checks.