Tangent Trading Ltd
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    THE VALUE OF
    BUYING POWER
    With direct connections to significant sources of supply
    and a tried and trusted network, built up over almost 30 years
    of trading, we have the buying power to source metals
    successfully across the 5 continents.
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    THE VALUE OF
    GLOBAL REACH
    From our London base and in conjunction with our sister
    company in Los Angeles, we trade, support and service our
    business partners around the clock and around the world.
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    THE VALUE OF
    RELATIONSHIPS
    Our well established reliable international network of
    customers and suppliers enable you to trade with us
    openly and with confidence.
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    THE VALUE OF
    EXPERIENCE
    We combine our experience, flexibility and responsiveness
    to act upon ever changing market conditions
    to bring value to our customers.
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    THE VALUE OF
    MARKET KNOWLEDGE
    With our expertise and experience comes the ability to
    anticipate market trends and translate them into real
    opportunities for our customers and suppliers,
    over the short, medium and longer term.
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    THE VALUE OF
    FINANCIAL STRENGTH
    Our financial strength enables us to offer you more.
    We are committed to providing you with a secure trading
    environment, while tailoring our services to suit you.

Marex Slavery and Human Trafficking Statement

This statement is made by Marex Spectron Group Limited on behalf of itself and its affiliates (collectively “Marex”), pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) for the financial year ending 31 December 2019.  The statement sets out the steps that we have taken to minimise the risk of modern slavery existing in our business or supply chains.

Marex is a leading global commodities brokerage headquartered in London, with offices in Europe, Asia and North America.

OUR VALUES AND POLICIES

As a global enterprise, we are rightly held to high standards in all that we do.  Marex recognises its corporate responsibility and is committed to maintaining a culture within which ethical behaviour is promoted.  Marex supports the Act’s objectives to eradicate modern slavery, which it defines as “slavery, servitude and forced or compulsory labour” as well as “human trafficking”.

While Marex recognises that our suppliers operate within different legal and cultural environments, our Supplier Code of Conduct outlines the basic ethical requirements that our suppliers must adhere to in order to do business with us, including our zero tolerance approach to modern slavery, namely:

  • Prohibition of slavery and forced labour: we condemn the abhorrent practices of slavery, forced and compulsory labour, servitude and human trafficking.  Be it through coercion, intimidation, verbal or physical threats of violence to the individual or their family, bondage or any other means that violates that individual’s liberty.
  • Prohibition of child labour: we are committed to ensuring all employees meet the minimum age for employment in the relevant country.
  • Remuneration: this must meet the minimum legal requirements of the relevant country in which the individual works.
  • Working conditions: reasonable health and safety measures are taken in maintaining a safe and hygienic working environment.

We reserve the right to terminate a supplier’s contract at any time should instances of modern slavery come to light.

RISK ASSESSMENT

In light of the regulatory landscape in which Marex operates, we believe we continue to be at a low risk of modern slavery and human trafficking existing within our business.  Nonetheless, we have implemented an internal modern slavery policy in our Staff Handbook that sets out our zero tolerance approach to modern slavery and human trafficking in our business and supply chains.  The policy also provides details to employees on how to report any suspicions pertaining to modern slavery.  Further, as per our whistleblowing policy, we actively support employees in raising concerns if they believe that anything illegal or unethical (including, but not limited to a breach of our policies) is taking place.

We consider there to be a greater risk of modern slavery and human trafficking occurring within our supply chains and have enhanced our due diligence procedures for suppliers during the on-boarding process.  We have also developed contractual representations prohibiting modern slavery and human trafficking that we require all suppliers to include in their contracts with us.  These sit alongside existing ethical clauses like the prohibition of bribery.  This is in addition to our Supplier Code of Conduct.

TRAINING AND AWARENESS

To ensure suitable understanding of the risks of modern slavery and human trafficking occurring in our supply chains, and where we deem there is a high risk of modern slavery or human trafficking within our supply chain or internally, we will organise externally sourced training for those relevant employees.    

This statement has been approved by Marex’s board of directors.

 

Ian Lowitt,

Chief Executive Officer

Marex Spectron Group Limited

 

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Our financial strength and our well established reliable network of customers and suppliers provide you with a secure and confident trading partner.

AQSIQBSIBureau of International - Recycling Gold Member