Mercuria CSR Report 2020 - Flipbook - Page 79
DUE DILIGENCE ON HUMAN RIGHTS
3.
Prevention
of
Bribery
and
Fraudulent
misrepresentation of the origin of commodities
Mercuria is aware that we are accountable to our
4. Prevention of Money Laundering
communities, by developing ethical value chains that
5. Protocols for the use of Public or Private Security
support human rights, and by advocating in support
Forces
of society’s wider goals. Through our thorough KYC
6. Ensuring payment of taxes, fees and royalties due
checks, we ensure that we fulfill our duty to support the
to governments
UNGPs by identifying, preventing and mitigating against
any human rights breeches. Mercuria conducts human
Mercuria works with its supply chains to ensure the
rights due diligence during the client onboarding stage.
adoption of these principles by our suppliers, and they
We continuously improve these processes and our
form the basis of contractual relationships.
access to information. Our due diligence aims to:
We conduct our business with integrity and transparency;
carrying out appropriate risk assessments of supply
•
Identify actual and potential human rights risks,
chains through on-the ground checks. We call upon
•
Identify leverage, responsibility and actions,
both ourselves and our business partners to take action
•
Mitigate risk and protect workers,
to deal with any problems that may be identified through
•
Monitor, review, report and improve our
our own or commissioned independent third-party
processes and systems.
audits.
Through its statements on Conflict Minerals, and on
| SUPPLY CHAIN AND RESPONSIBLE
SOURCING
Modern Slavery; Mercuria has committed itself to
sourcing products from companies that share our values
in respect of human rights, ethics and environmental
Mercuria holds an integral role within the supply chain,
responsibility.
helping our customers and business partners to buy, sell
United Nations’ Universal Declaration of Human Rights
and ship the raw materials needed for manufacturing,
and support the UN Guiding Principles on Business and
energy and infrastructure.
Human Rights (the “Ruggie Principles”).
With this role, Mercuria
We have publicly committed to the
further recognizes and accepts its duties to act
responsibly consistent with best-in-class standards as
Throughout
our
business
operations
Mercuria
required by the world’s most rigorous regulatory regimes
incorporates ‘human rights laws’ to ensure our business
and consistent with our values. Mercuria’s intention is
does not cause or contribute to abuses of those rights. In
to source all commodities in an ethical manner that
all areas in which we operate we look to act with respect
follows internationally recognized standards.
to the local communities’ cultural heritage, customs and
rights; including those of indigenous peoples.
Mercuria has adopted 6 key principles throughout is
supply chains:
1. Prevention of serious abuses associated with the
extraction, handling, processing, transportation and
trade of commodities.
2. Implementation of Risk Management measures
for serious abuses
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