CSR Mercuria 2019 - Flipbook - Page 47
TRANSPARENCY
• Payments to Governments
As part of its Anti-Bribery and Anti-Corruption Policy, Mercuria prohibits the payment of facilitation fees. Mercuria takes
care to ensure that any fees being paid to a government
agency in relation to deals are legitimate payments and not
facilitation payments, including payments in the form of
gifts or entertainment.
1
Facilitation payments are payments paid in addition to normal fees in an attempt to receive preferential or expedited
treatment. In addition to monetary payments, facilitation
payments can take the form of excessive gifts, exchange of
goods, or preferential services/agreements (quid pro quo).
If employees are requested to make additional or abnormal payments, Mercuria’s programs call for the request to
be escalated to Compliance for review, and that payment
should not be made unless or until Compliance approves
the payment. The Compliance Team will further liaise with
the Legal Group as part of its assessment the validity of any
additional or abnormal fees.
Countries and authorities
Production
Entitlements
Taxes
Royalties
6,775,751
4,369,613
License
Fees
Bonuses
TOTAL
USD
Romania
State Budget
11,145,364
National Agency for Mineral Resources
695,954
695,954
Forestry National Authority - Romsilva
179,643
179,643
Romanian Energy Regulatory Authority
766,293
766,293
153,402
153,402
Netherlands
State Tax department
Indonesia
Directorate General Budget
Directorate General Mineral & Coal
TOTAL
301,044
301,044
9,888,130
349,657
10,237,787
9,888,130
7,426,452
4,369,613
1,795,292
23,479,487
47
