Mercuria CSR Report 2021 - Flipbook - Page 85
2021 Corporate Social Responsibility
its International Business Council (IBC) are designed to help companies more consistently measure and
report progress towards shared economic, environmental and social objectives. Mercuria`s ESG related
communications seek to align with these metrics where relevant.
Mercuria is already recording and disclosing several of the metrics suggested by the WEF and IBC and
we are committed to further expanding our data collection in this area.
https://www.weforum.org/
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.
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.
Below you can find information on the payments that Mercuria has made to governments in relation to
our extraction facilities.
Table below shows the relevant payments made by Mercuria Energy Group
in the year ended 31 December 2021
Countries and authorities
Production
Entitlements
Taxes
Royalties
1,223,508
2,254,476
License
Fees
TOTAL
Romania
State Budget
National Agency for Minera Resources
3,477,983
142,571
142,571
Republic of Congo
Ministry of Hydrocarbon
304,678
304,678
Indonesia
Directorate General Budget
Directorate General Mineral & Coal
TOTAL
1,061,567
1,061,567
12,193,253
206,213
12,399,467
12,193,253
2,491,288
2,559,154
142,571
17,386,266
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