Documents and policies

Anti-bribery and corruption

All business must be conducted in an open, honest and ethical manner as required by the Anti-Bribery and Corruption Policy. Bribes are against the law, no matter what “local custom” may be. Any breach of this policy may lead to disciplinary action being taken by the Company up to and including termination of employment.

Code of Ethics

The Code of Ethics includes policies covering best practice with respect to anti-bribery and corruption, anti-money laundering, anti-facilitation of tax evasion, competition, conflict minerals, trade compliance, data privacy, whistleblowing, treasury and financial controls, anti-slavery and human trafficking, document retention, joint ventures, diversity and inclusion, environmental and human rights.

Conflict minerals

We act ethically and with integrity and expect our suppliers to do the same. Where applicable, we have strict procedures in place to seek to identify whether 3TG minerals are sourced responsibly and from conflict-free regions of the world.

Whistleblowing

Employees are encouraged to raise promptly any actual or suspected breach of Melrose policies and any other matter of concern. Further details are contained in the Whistleblowing Policy.

Anti-slavery and human trafficking

Melrose has a zero-tolerance approach to modern slavery and we are committed to implementing and enforcing effective systems and controls to ensure modern slavery is not taking place anywhere in our own business or in any of our supply chains. Further details are contained in the Anti-slavery and Human Trafficking Policy.

Diversity and inclusion

At a Board level, the Board together with the Nomination Committee places great emphasis on ensuring that its membership and pipeline for succession planning reflects diversity.  Melrose also understands the importance of diversity and inclusivity in its workforce to its long-term success.

Environmental

We are committed to improving our businesses for the good of shareholders, the environment and other stakeholders. We are committed to minimising the potential negative impact that our businesses may have on the environment over the longer term.

Human rights

We are committed to upholding and protecting human rights according to international standards.

Supply chain

Melrose is committed to improving its businesses’ operations for the good of shareholders, the environment and other stakeholders. We want our businesses and their suppliers to aspire to be sustainable in their supply chains, with environmental and social responsibility, focus on innovation and quality excellence in their delivery.

Biodiversity

In line with our commitment towards protecting biodiversity and minimising the potential negative impact on the natural environment over the longer term, we recognise our role in preserving the health and stability of natural capital as it provides resilience to natural shocks and supports fundamental processes such as the carbon and water cycles as well as soil formation.

Water

With water often being a fundamental part of Melrose’s businesses’ operations, their future developments, and the communities in which they operate, we recognise our role and responsibility relating to water and drive our businesses to make educated and sustainable decisions to understand and address key environmental issues, aiming to help preserve this critical natural resource.

Audit Committee terms of reference