Slavery Act Statement (Mitsubishi Rayon Lucite Group Limited)
We are totally opposed to slavery and human trafficking in all aspects of our Global operations including our supply chain.
Mitsubishi Rayon Lucite Group Limited is the number one global producer of methacrylate monomers, the principal building block of acrylic materials. Mitsubishi Rayon Lucite Group Limited also has leading positions in acrylic-based sheet and resins and participates in the polymer and composites market with world-renowned brands such as Lucite® and Perspex® Mitsubishi Rayon Lucite Group Limited has production, marketing operations and research facilities in the Americas, EAME and Asia regions. Mitsubishi Rayon Lucite Group Limited is part of Mitsubishi Chemical Holdings Corporation.
Our business is organised into 3 business units the MMA Bloc, the Sheet Bloc and the Polymers and Resins Bloc.
Our Supply Chains
We purchase the majority of our raw materials services and goods from third-party suppliers who are located worldwide to serve our Global businesses.
We are committed to act with integrity in all our business dealings and comply with laws. Many of our existing policies contain sections which are aimed at ensuring that there is no slavery or human trafficking in any part of our global business or supply chain.
Our relevant policies include:
- Code of Conduct;
- Employment Policy;
- Remuneration Standards and Guidelines;
- Public Interest Disclosure Policy;
Due Diligence Processes for Slavery and Human Trafficking
As part of our initiative to identify and mitigate the risk of slavery and human trafficking in our supply chain we will strengthen our processes and procedures and;
- Identify and assess potential risk areas in our supply chains.
- Mitigate the risk of slavery and human trafficking occurring in our supply chains.
- Monitor potential risk areas in our supply chains.
- Protect whistle blowers.
Supplier Adherence to Our Values
We have zero tolerance to slavery and human trafficking. To ensure all those in our supply chain comply with our values we will strengthen our supply chain compliance programme. This will consist of communication of a Supplier Code of Conduct which contains specific reference to slavery and human trafficking and auditing of new and existing suppliers using a risk based approach.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Our Effectiveness in Combating Slavery and Human Trafficking
We do not have key performance indicators specifically in relation to slavery or human trafficking as any instance would be a non-compliance and breach of employment laws, our direct employment practices, Code of Conduct, wider Group policies and / or supplier standards. However, the business practices that relate to the mitigation of slavery or human trafficking risk do have internal performance measures. In relation to our own employment practices, we monitor and review:
- Number of employees who have completed Code of Conduct compliance training;
- Issues raised through Public Interest Disclosure; and
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Group’s slavery and human trafficking statement for the financial year ending March 2017.