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ChemChina UK Limited’s (CCUK) Anti-Slavery Principle:
“CCUK has a zero tolerance policy when it comes to modern slavery and human trafficking. We are opposed to all forms of modern slavery in whatever form and are committed to contributing to the combatting of it in whichever way we can. We expect all of the suppliers, consumers, counterparties, vendors and partners that we work with to behave in a way that is consistent with this principle”. |
CCUK is a physical commodities trading company which operates across the globe. Our core business focus on crude oil system supply for ChemChina’s refining system consisting of 8 China based refineries with a total annual crude oil processing capacity over 25 million tons. The market regions of interest to CCUK includes Africa, Europe extending to the Americas, sourcing for both crude oil and fuel oil.
Modern slavery is a criminal offence under the Modern Slavery Act 2015. Modern slavery can take many forms including forced or compulsory labour and human trafficking. CCUK has a zero tolerance towards modern slavery and is committed to opposing all forms. We expect all those with whom we have a business relationship to familiarize themselves with CCUK’s position in this regard and to act at all times in a way that is consistent with this position.
Modern Slavery occurs when a person is under control of another person, who applies violence and/or force to maintain that control, and the goal of that control is exploitation. Modern Slavery today takes many different forms; with bonded, child or forced labour posing the largest risk to the commodities industry.
As part of its commitment to combating Modern Slavery, CCUK has implemented various procedures and policies. These include procedures and policies which require the conduct of due diligence on all of its potential and existing business investments and acquisitions. Additionally CCUK conducts due diligence on its business partners, suppliers and consumers. CCUK has contractual provisions in its contracts which require compliance with anti-slavery laws and has various policies applicable to staff which relate to compliance with this principle.
All of our employees are required to ensure that they are familiar with and comply with CCUK’s position on modern slavery and human trafficking.
Employees should be vigilant and aware in their dealings with suppliers and consumers and if there are any concerns or indications that there is any potential modern slavery, human trafficking or other human rights violations they should notify the compliance team immediately and before proceeding or continuing with any business activity. Additionally, the company’s whistleblowing procedures can be followed to report such concerns.
You can reach the CCUK risk team by emailing riskmgmt@chemchina.com.