Modern Slavery Transparency Statement
Modern slavery is a crime and a gross violation of fundamental human rights. INEOS has a zero-tolerance approach to modern slavery and we are fully committed to preventing slavery and human trafficking in our corporate activities. We are also committed to ensuring there is transparency in our own businesses and in our approach to tackling modern slavery throughout our supply chains, consistent with our disclosure obligations under the UK Modern Slavery Act 2015 and equivalent laws in other countries.
INEOS is a leading global petrochemicals company. It is one of the world’s largest producers of petrochemicals, specialty chemicals and oil products. Comprising 18 separate businesses, with a production network spanning 80 manufacturing facilities in 16 countries, and producing more than 60 million tonnes of petrochemicals and 20 million tons per annum of crude oil refined products (fuels). It employs 17,000 people and in 2016 we had sales of more than $40bn.
Our supply chains
The majority of the INEOS’s activity is carried out in the EU and the USA which we consider to be low risk in relation to Modern Slavery. Nevertheless INEOS recognises its responsibility and has alerted relevant staff to the risks of slavery, however small, in their businesses and across the wider supply chain. Those staff are expected and encouraged to report concerns to management, who will then act upon them.
The relationship with the majority of our suppliers has been established over a number of years. All new contractors or suppliers have to be pre-qualified through a series of audits and we have now included MSA compliance into that on-boarding process.
Our policies on slavery and human trafficking
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
Among the other policies that we consider give us strength in avoiding modern slavery or human trafficking under the Act in our businesses are:
Anti-Bribery & Corruption policy http://www.ineos.com/information/legal/
Business Codes of Conduct
Risk assessment and due diligence processes for slavery and human trafficking
As part of our initiative to identify and mitigate risk, over the past year we have been putting in place systems to:
- include anti-slavery checks in the due diligence process for on-boarding new suppliers
- monitor potential risk areas in our supply chains
- conduct selective supplier audits
- include due diligence regarding anti-slavery in M&A activity
- protect whistle blowers
To maintain awareness and ensure a high level of understanding of the risks of modern slavery and human trafficking across our businesses we have trained relevant members of staff and our Anti-slavery Policy is available to all staff.
This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 and constitutes INEOS’s slavery and human trafficking statement for the financial year ending 2016.
Signed on behalf of the INEOS Group of companies
Andrew C Currie