Mercuria CSR Report 2021 - Flipbook - Page 71
2021 Corporate Social Responsibility
SUPPLY CHAIN &
RESPONSIBLE SOURCING
Mercuria’s role is integral to the entire commodities supply chain and we are therefore committed to always
act responsibly. We enable our customers and business partners to buy, sell and ship the raw materials
needed for manufacturing, energy, and infrastructure. Mercuria’s intention is to source all commodities in
an ethical manner, always adhering to internationally recognized standards and demonstrating best in class
practices. We also hold ourselves firmly accountable to our own business values and high ethical standards.
Mercuria has committed to adhering to the following six key principles throughout our 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
3. Prevention of Bribery and Fraudulent misrepresentation at the origin of commodities
4. Prevention of Money Laundering
5. Protocols for the use of Public or Private Security Forces
6. Ensuring timely payment of taxes, fees and royalties requested by local governments
Mercuria requires all suppliers within our supply chain to follow these principles, they therefore form the
basis of our contractual agreements. Additionally, using a risk-based approach, we conduct thorough
risk assessments of our supply chains though on-the-ground, digital and third party providers checks.
We conduct our business with integrity and transparency; ensuring that action is quickly undertaken,
by our own teams of those of our partners, to remedy any issues that are identified through our audit
process or through assessments commissioned by independent third parties.
Mercuria has publicly committed to the United Nations’ Universal Declaration of Human Rights and
to adhere to the UN Guiding Principles on Business and Human Rights (the “Ruggie Principles”). We
are also committed to sourcing products from companies that share our human rights, ethics and
environmental responsibility values.
Mercuria conducts its business in way which is respectful to the cultural heritage, customs and rights
of the communities located near our operations and never in a way that causes or contributes to a
violation of human rights.
OUR PUBLIC COMMITMENTS
REGARDING PEOPLE
NEPTUNE DECLARATION – SEAFARERS RIGHTS
Minerva Bunkering’s fleet management division MM Marine, in its role as a leader in promoting positive
evolution in the maritime industry, has joined more than 300 companies and organizations in signing
the Neptune Declaration on Seafarer Wellbeing and Crew Change. Managing and operating one of the
world’s largest and most modern fleets dedicated to bunkering service, and employing more than 500
mariners, MM Marine has a responsibility to help ensure that the crew change crisis is resolved as soon
and effectively as possible.
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