STEMCOR MODERN SLAVERY AND HUMAN TRAFFICKING STATEMENT 2016
Stemcor is committed to ensuring that there are no practices of modern slavery or human trafficking that take place within Stemcor Global Holdings Limited and its subsidiaries, and ensuring that we continue to review and develop our Group practices to adhere consistently with best practice in this area. We set out below our transparency statement under the UK Modern Slavery Act 2015 (“MSA”) for the 2016 financial year. This statement is published on behalf of Stemcor Global Holdings Limited and each of its subsidiary commercial organisations carrying on business in the UK which has a turnover more than £36 million.
Stemcor is a leading independent service provider for the steel industry.
We play a vital role, acting as an intermediary between customers and suppliers. We make complex transactions easy for buyers and sellers.
With our specialised expertise and knowledge, we help customers choose from over 3,500 different grades of steel and raw materials available in the market. With our global infrastructure and connections, we ensure they get their product in the right place, at the right time, and at the right price. For suppliers, we use our relationships and long-standing expert knowledge to ensure that their products reach the best customer in the right destinations. We have a history of working with customers who require specialised steel products including those in the oil and gas and automotive industries.
Our business and supply chains
As a trading company, our key supply chain is our people. We employ approximately 500 people across 38 locations. Therefore, the focus of our efforts in relation to Modern Slavery is directed towards our workforce. We have undertaken a group-wide review which has given us high confidence that we do not have any forms of modern slavery taking place within our organisation; and have processes in place to ensure it will not happen.
Our policies on modern slavery and combating it
We require the highest standards of professional and ethical conduct of all our people and are therefore committed to ensuring that there is no modern slavery or human trafficking in our business. Our company ethics policy sets out the principles and standards that guide the way we do business, it specifically addresses and forbids all forms of modern slavery and child working within our organisation, and equally applies to all our all employees, across all functions and businesses globally. We also have in place systems including counterparty on-boarding processes to help manage our external supply chains. As well as policies to protect whistle blowers, and manage the health & safety of all our employees, and ensure we comply with all relevant laws and regulations, both internationally and in the geographies where we operate.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking for the financial year ended 31 December 2016.
21st September 2017