Mercuria CSR report 2023 - Flipbook - Page 38
PEOPLE 2023
In 2023, we refined our Anti-Slavery & Human
Trafficking, Conflict Minerals, and Supply
Chains & Responsible Sourcing policies in
accordance with the Swiss Ordinance on Due
Diligence and Transparency for Minerals and
Metals from Conflict-Affected Areas and Child
Labour (DDTrO), in specific Articles 10 and 11.
These updates were made to reflect on the
evolving global standards and best practices in
human rights, ensuring that our business
operations continue to align with these
principles. This demonstrates our ongoing
commitment to promoting and respecting
human rights within our sphere of influence.
ANTI-SLAVERY & HUMAN TRAFFIKING
Mercuria takes an uncompromising stance
against modern slavery, a serious crime that
exploits individuals for profit through forced
labour, human trafficking, child labour, and
debt bondage. We have a zero-tolerance policy
for modern slavery and are dedicated to
combatting it in all its forms throughout our
operations
and
supply
chains.
This
commitment translates into concrete actions.
Rigorous due diligence: We meticulously
scrutinize all potential and existing business
investments, acquisitions, partners, suppliers,
and consumers to identify and address any
modern slavery risks.
Contractual safeguards: Our contracts
explicitly require compliance with anti-slavery
laws, holding all parties accountable to the
highest ethical standards.
Comprehensive
policies:
We
have
established specific policies for our employees,
outlining their responsibility and role in
preventing modern slavery within our company.
We continuously update these policies based
on the advancements in regulations and
frameworks.
Training and awareness: All Mercuria
employees are equipped with the knowledge
and tools to recognize and report any potential
indicators of modern slavery.
Stakeholder collaboration: We actively
engage with stakeholders, including NGOs and
industry partners, to share best practices, raise
awareness, and collectively drive positive
change.
Mercuria believes that eradicating modern
slavery demands collective action. We are
committed to playing our part in building a
future where human dignity and fundamental
rights are upheld for all.
CHILD LABOUR
The updates on the Anti-Slavery & Human
Trafficking policy include a detailed focus on
eliminating child labour, affirming our
adherence to International Labour Organization
(ILO) Conventions No. 138 on minimum age for
admission to employment and 182 on the worst
forms of child labour. We also align with the UN
Guiding Principles on Business and Human
Rights.
In addition to the rigorous due diligence on
child labour we conduct when onboarding
assets or counterparties prior to trades and
investments, we have updated our risk
management review process and implemented
a new process to reevaluate all trades
conducted during the year. The process
involves evaluating all products that originate
from
countries
with
