Vesuvius plc is a public limited company, listed on the London Stock Exchange, and a constituent of the FTSE 250 index. Vesuvius develops and manufactures high-technology products and solutions for supply to the steel and casting industries predominantly under the brand names Vesuvius and Foseco. Vesuvius has a global presence with production sites in 38 countries delivering cost competitive products and time efficient service. Vesuvius has 92 sales offices worldwide, and also places industry experts at many customer locations. Vesuvius’s business is operated through 2 divisions – Steel and Foundry – with the Steel Division organised around three product lines – Steel Flow Control, Advanced Refractories and Technical Services.
Vesuvius is committed to protecting the health and safety of our employees, customers, suppliers, contractors, visitors and others affected by our operations. We do not condone Modern Slavery or Human Trafficking. We will never knowingly engage in these activities in our own business, and will not tolerate them if we find them within our supply chain. Vesuvius’s Code of Conduct expressly prohibits forced or child labour in our operations. This is supported by our existing Human Rights Policy which reflects the principles contained within the United Nations Universal Declaration of Human Rights, the International Labour Organisation’s Fundamental Conventions on Labour Standards and the United Nations Global Compact.
Vesuvius sources raw materials, other tradeable goods, and ancillary supplies for our manufacturing processes on a global, regional and site-specific basis. Vesuvius’ Chief Purchasing Officer has responsibility for the oversight of all group purchasing activities. Raw materials purchasing (predominantly in the form of high quality technical grade treated aggregates and chemicals) is our largest purchasing spend, the majority of which is organised, monitored and controlled by Global Category Directors, supported by regional purchasing managers. Ancillary goods and services are sourced from global and local suppliers supported by a Global Category Director where applicable.
We have started an assessment of our supply chain, to understand where the risks of Modern Slavery or Human Trafficking could lie. We will build on the control environment within our purchasing operations by reviewing our policies and where we believe it is required, amending these policies and developing new ones. Having assessed our risks, we will establish what specific training is needed to inform our purchasing and supplier facing staff of the warning signs associated with Modern Slavery and Human Trafficking. We will also continue to train staff members in understanding our existing policies and our reporting mechanisms to raise ethical concerns. As these processes are developed, any concerns that arise in respect of Modern Slavery or Human Trafficking will be directly addressed by members of the Group Executive Committee.
This statement was reviewed and approved by the Board of Directors of Vesuvius plc on Friday 5 August 2016 and signed on its behalf by:
John McDonough CBE (Chairman)