The CRU group of companies (CRU) specialises in mining, metal and fertilizer commodities, delivering business intelligence through analysis, prices, consulting and events. At the heart of our culture is a strong set of company values: always adaptable, consistently collaborative and positively proactive. These core values emphasise our approach to all our stakeholders and underline our desire not only to do things right, but to do the right things. Consequently, we believe there is no place for slavery, servitude, forced and compulsory labour or human trafficking in modern society. This statement is pursuant to Section 54 of the Modern Slavery Act 2015 and outlines the steps that CRU have taken to ensure that modern slavery has no place in our business or our supply chains.
CRU is formed of five core areas with eleven international offices. CRU Analysis delivers independent market analysis on a comprehensive range of global commodities. CRU Prices publishes high-quality price assessments for a wide range of commodities. CRU Consulting provides informed and practical advice to meet the needs of our customers and their stakeholders. CRU Events creates industry leading commercial and technical events for the global commodity markets. CRU Sustainability helps companies manage the challenges in an ever-changing sustainability landscape. Our business is central to the commodity market and we are committed to conducting business with honesty and integrity.
CRU’s Governance, Risk & Compliance Committee has taken the lead on responsibility for the development and implementation of our anti-slavery initiatives. This committee aims to ensure that CRU is taking the correct proactive approach to the subject and assess and manage any potential risk.
Whilst we consider our risk to modern-day slavery to be low, our supply chain is many and varied. We have considered each of our key business areas and determined that there are three key areas where we should focus this year’s modern-day slavery initiatives;
- Training and Awareness: We will provide training for our Events team to recognise risks and indicators of exploitation related to modern slavery, emphasising the identification of vulnerable situations and potential red flags.
- Reporting System: A robust reporting system for modern-day slavery concerns will be developed, allowing employees to confidentially report suspicions. The system will prioritise the protection of whistleblowers, encourage reporting, and outline clear steps for investigating and addressing potential instances of modern-day slavery.
- Oversight: Office managers will continue to review and attest to their division's supply chain, proactively taking necessary steps to mitigate any exposure to the risk of modern-day slavery.
These initiatives build on our commitments we achieved in 2023.
This statement will be reviewed annually. Should you require any further information on our Statement on Modern Slavery please contact compliance@crugroup.com This statement has been published in accordance with Modern Slavery Act 2015 section 54 (1) and approved by CRU International Ltd Board of Directors for the financial year ending September 2023.
David Trafford, CEO, CRU International Limited.