Implats is committed to being a reputable and responsible PGM producer through ethical production. The Group has implementing a rigorous platinum and palladium sourcing policy across all our operations.
Implats has engaged PwC to assist with assessing our current practices and policies against the 2019 requirements of the London Platinum and Palladium Markets’ (LPPM) Responsible Platinum and Palladium Guidance. Where necessary improvements will be made to ensure compliance, which is a key business imperative and will endorse the LPPM’s regard for Impala as a good delivery refiner.
Systems are in place to ensure we conduct appropriate due-diligence audits on the companies from which we source our platinum and palladium. We have established criteria for identifying high risk suppliers – for instance in terms of money laundering, child labour, funding of conflict, or political exposure – and how to address risks and instances of non-compliance with our expectations.
Implats has a large and diverse base of suppliers from which we procure goods and services, with clear principles that guide the selection of reputable contractors with the right skills and value systems to do specific tasks that we are not able to do. All our suppliers are apprised of our policies and business practices and are expected, as a minimum, to abide by these principles in their business conduct and practices at all our operations. These include requirements regarding health and safety, environmental protection and respecting human rights.
Our responsible sourcing policy is communicated to all our employees and third-party suppliers and due diligence audits are the norm. Our sourcing process and practices are subject to continuous independent assurance review.