Modern Slavery Act Transparency Statement

Anti-Slavery and Human Trafficking Statement 2017 / 2018

This statement is made pursuant to Section 54 of The Modern Slavery Act 2015 and sets out our approach ensuring that slavery and human trafficking is not taking place in our supply chains or in any other part of our business.

About HCS Group

Headquartered in Frankfurt, Germany, with trading offices and group companies in Germany, United Kingdom, France, Belgium, USA and Japan, HCS Group is a leading international supplier of high-value hydrocarbon specialty products. All HCS Group companies must comply with local legislation and regulations.  We are committed to operating with integrity, and the respect for human rights is embedded within our employee Code of Conduct.  We recognise that our reputation for high ethical standards and social performance is a key factor in our overall success within the specialty hydrocarbon industry.

Our Supply Chain

We maintain supply relationships with suppliers and customers who are recognised within our industry as being economically, environmentally and socially responsible. We expect our suppliers and customers to obey national and international standards that require them to treat workers and employees fairly, to provide a safe working environment, and to protect the quality of the working environment.

During the last reporting year, the HCS Group has built upon work previously carried out where we amended our general contractual terms of business to include obligations on suppliers to comply with the Modern Slavery Act. All new employees are provided with an awareness of our policy on Anti-Slavery and Human Trafficking, and specific training has been provided to key procurement and supplier facing personnel.

Over the next 12 months, we intend to update and formalise our risk-based approach to ensure our suppliers continuously meet the standards required in carrying out business with the HCS Group. In addition, we will carry out further awareness and education training to the remainder of our staff in supply chain related roles.

This statement was reviewed and approved by the HCS Group Executive Committee on 26 September 2018.

Duncan Stonehouse
Chief Supply Chain Officer

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