Mercuria CSR Report 2024 - Flipbook - Page 34
PEOPLE 2024
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RESPONSIBLE SOURCING
At Mercuria, we play a vital role in the global flow of commodities,
connecting customers and businesses with the raw materials
that fuel industry, energy, and infrastructure. We understand
that this role carries significant responsibility, as our choices
impact societies and ecosystems around the world.
We commit to always acting responsibly, promoting social
and environmental best practices throughout the entire
commodities supply chains 3 from extraction and handling
of raw materials to processing and transportation.
Through strong partnerships with our suppliers and
customers, we strive to minimize adverse social and
environmental impacts and promote a more sustainable
future.
BUILDING A SUSTAINABLE FUTURE
THROUGH RESPONSIBLE SOURCING
Mercuria recognizes the critical role we play in sourcing
responsibly, especially when it comes to critical minerals
vital for the energy transition. We believe that strong supply
chain due diligence is essential for ensuring ethical and
sustainable practices throughout the entire chain, from
extraction to market. We aim to lead by example by:
• Building long-term, mutually beneficial relationships
with suppliers, strengthening the communities and
markets in which we operate.
• Sourcing all commodities ethically, adhering to
international standards and demonstrating best-in-class
practices.
• Holding ourselves accountable to our high ethical
standards and continuously improve our practices.
Our six principles approach to responsible sourcing:
1.
2.
Preventing serious abuses: We actively prevent human
rights violations and environmental damage throughout
our supply chains.
Managing
risk
effectively:
We
implement
comprehensive risk assessment measures to identify
and address potential issues proactively.
Combating corruption: We have zero-tolerance for
bribery and fraudulent misrepresentation, ensuring
transparency in all transactions.
4. Preventing money laundering: We adhere to strict antimoney laundering protocols to combat financial crime.
5. Responsible security practices: We ensure responsible
use of public and private security forces, respecting
human rights and local communities.
6. Supporting local economies: We prioritize timely and
accurate payment of taxes, fees, and royalties to local
governments, contributing to infrastructure and
development.
3.
We turn these principles into action in three main ways.
First, by requiring all suppliers to follow our six core
principles, making them integral parts of our contracts.
Second, we conduct thorough risk assessments using a
combination of our supply chain management system, onsite visits, digital tools, and third-party providers to identify
and mitigate risks. And third, we prioritize transparency and
integrity in our business operations, ensuring swift
corrective action is taken when issues arise, through our
own teams or independent third-party assessments.
Mercuria is committed to building a more responsible and
sustainable future for the commodities industry. We believe
that by working together, we can create a world where
ethical practices and environmental protection go hand in
hand with economic prosperity. .
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