Mercuria recognizes the critical role we play in sourcing responsibly, especially when it comes to new technology metals 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, striving to uplift communities and empower markets where 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. Preventing serious abuses: We actively prevent human rights violations and environmental damage throughout our supply chains.
2. Managing risk effectively: We implement comprehensive risk assessment measures to identify and address potential issues proactively.
3. Combating corruption: We have zero tolerance for bribery and fraudulent misrepresentation, ensuring transparency in all transactions.
4. Preventing money laundering: We adhere to strict anti-money 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. 

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 on-site 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.