Modern Slavery Statement (CRIML)

This statement is made pursuant to section 54 of the United Kingdom Modern Slavery Act 2015 (the “Act”) and constitutes Concord Resources International Minerals Limited (“CRIML”)’s modern slavery and human trafficking statement, as required by the Act, for the financial year ended 31 December 2023.

CRIML is incorporated in England and Wales. As a result, to the extent it carries on business (or part of a business) in the UK, it may fall within the scope of the Act.

CRIML is an industrial investment entity, 100% owned by Concord Resources Holdings Limited.  CRIML’s controlled subsidiaries include the Atlantic Alumina Company, the only alumina producer in the USA, Discovery Bauxite Operations Limited and Discovery Bauxite Partners, the only bauxite exporter in Jamaica. CRIML also has a 50% interest in Clear Sky Limited, a business which, amongst other things, invests in carbon offset projects to create access to a long-term supply of carbon inventory to facilitate customer business, trade for its own account and to support a carbon inventory distribution business.

CRIML has a zero-tolerance approach to modern slavery and human trafficking and is committed to acting ethically, with integrity in all its business practices and ensuring that its operations and supply chains are free from any form of modern slavery or human trafficking.

CRIML undertakes deep due diligence processes in screening its counterparties via a “know your customer” (“KYC”) on-boarding process prior to commercially engaging with them. The KYC process includes identifying specific fields relating to whether the counterparty has its own supply chain policy, whether it is in line with CRIML’s anti-slavery policies and whether the counterparty is audited for compliance with its supply chain policy. All counterparties are also screened through public database searches and categorised using a risk-based approach (which incorporates, amongst other factors, countries of operation as a component). CRIML seeks to ensure that all of its supply chain counterparties share tan equivalent commitment to a transparent, ethical and responsible supply chain.

CRIML is committed to maintaining a fair workplace in all of its business operations for all employees regardless of gender, age, race or sexual orientation. Discrimination of any kind is strictly prohibited, and CRIML advocates advancement based on meritocracy.

All relevant employees are required to be familiar with and comply with CRIML’s position on modern slavery and human trafficking. Employees are encouraged to be vigilant and aware in their dealings with counterparts and are periodically trained in relation to these issues. Any reports are thoroughly investigated, and appropriate actions are taken.

CRIML maintains a whistleblowing processes where employees are able to report (without fear of reprisal) any concerns about modern slavery. Reports are thoroughly investigated, and appropriate actions are and will continue to be taken.

Moving forward:

1. CRIML will continue to collaborate with customers, financiers and suppliers through all levels of its operations to improve practices and awareness to the risks of modern slavery.
2. CRIML will continue to utilise existing (and where possible, improve) KYC checks and technology to enhance the quality of counterpart screening before onboarding for business dealings.
3. CRIML will continue to reinforce messaging to all new and existing employees of its commitment to ethical practices and to remain vigilant and recognise such malpractices in all operations, so that instances are reported and appropriately dealt with. 

Copies of our Modern Slavery Statements are published at www.concordltd.com and on the UK Modern Slavery Statement Register.

Approved by the Board of Directors on 28 February 2024. 
Issued for the year ended 31 December 2023