Mercuria CSR Report 2024 - Flipbook - Page 35
PEOPLE 2024
HUMAN RIGHTS
At Mercuria, we are committed to both protecting the
environment and the people and communities touched by
our operations and supply chains. Our leadership team
maximizes business potential while ensuring a culture of
integrity and prioritizing the well-being of our employees,
partners, and wider society.
Our approach to protecting human rights is aligned with
international best practices, including the UN Guiding
Principles (UNGPs) on Business and Human Rights and the
Ten Principles of the UN Global Compact. This commitment
is embedded in our company policies and processes,
guiding the actions of all employees and stakeholders.
Protecting human rights is at the core of our mission.
Mercuria’s commitment ranges from, but is not limited to,
the elimination of forced and child labour, the right to fair
and safe working conditions, the freedom of association,
and the protection of communities and indigenous peoples'
rights.
Our Anti-Slavery & Human Trafficking, Conflict Minerals, and
Supply Chains & Responsible Sourcing policies are 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.
We continue updating our practices and policies 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 area of influence.
Operating across the global market, our activities and
supply chains intersect with various societies, each
governed by its own set of laws and regulations. At Mercuria,
we comply with all the local laws and regulations in the
jurisdictions we operate in, while also adhering to
internationally recognized human rights standards.
ANTI-SLAVERY & HUMAN TRAFFICKING
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 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, universities 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
Our Anti-Slavery & Human Trafficking policy includes a
detailed focus on eliminating child labour, affirming our
alignment with the 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 UNGPs 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 product supply chains
that originate from countries with
