ABOUT US
Aprirose Trading Limited has roots in real estate. Our parent company, Aprirose Real Estate, is a commercial property management company established in 1996, with an investment portfolio in excess of US$ 2 billion. The trading arm was founded in 2001, with headquarters in London.
Over the past two decades, Aprirose Trading Limited has developed deep ties and expertise with supplying products to Europe, Africa and Asia. We have penetrated new markets that were traditionally undersupplied, with a wider range of products and faster shipments.
Today, Aprirose Trading Limited is a leading supplier of industrial chemicals and polymers across markets in Europe, Asia and Africa. We have a strong base of over 500 customers that is continuously growing. Our customers range from small family-run operations to large corporations in the plastics, soap and detergent industries.
The company has grown steadily since inception from 6 thousand tonnes in 2002, to over 60 thousand tonnes in 2019, with a majority of the growth coming though expansion into new markets. Our vision is to be a 100-million-dollar turnover company by 2021.
|
Year |
2002 |
2011 |
2016 |
2019 |
|
Turnover in USD |
$5.6m |
$29.5m |
$49.6m |
$70m |
|
Volume of Polymers |
6,000mts |
29,000mts |
41,000mts |
65,000mts |
Aprirose Trading Limited has roots in real estate. Our parent company, Aprirose Real Estate, is a commercial property management company established in 1996, with an investment portfolio in excess of US$ 2 billion. The trading arm was founded in 2001, with headquarters in London.
Over the past two decades, Aprirose Trading Limited has developed deep ties and expertise with supplying products to Europe, Africa and Asia. We have penetrated new markets that were traditionally undersupplied, with a wider range of products and faster shipments.
Today, Aprirose Trading Limited is a leading supplier of industrial chemicals and polymers across markets in Europe, Asia and Africa. We have a strong base of over 500 customers that is continuously growing. Our customers range from small family-run operations to large corporations in the plastics, soap and detergent industries.
The company has grown steadily since inception from 6 thousand tonnes in 2002, to over 60 thousand tonnes in 2019, with a majority of the growth coming though expansion into new markets. Our vision is to be a 100-million-dollar turnover company by 2021.
|
Year |
Turnover in |
Volume of |
|
2002 |
$5.6m |
6,000mts |
|
2011 |
$29.5m |
29,000mts |
|
2016 |
$49.6m |
41,000mts |
|
2019 |
$70m |
65,000mts |
Anti-bribery and corruption policy statement
1. Policy Statement
Aprirose Trading Limited is committed to applying the highest standards of ethical conduct and integrity in its business activities in the UK and overseas. Every employee and individual acting on Aprirose Trading Limited’s behalf is responsible for maintaining our reputation and for conducting company business honestly and professionally.
We take a zero-tolerance approach to bribery and corruption and are committed to acting professionally, fairly and with integrity in all our business dealings and
relationships wherever we operate.
We take a zero-tolerance approach to bribery and corruption and are committed to acting professionally, fairly and with integrity in all our business dealings and
relationships wherever we operate.
The purpose of this policy statement is to:
a. set out our responsibilities, and of those working or providing services for us, (which for the purpose of the Bribery Act includes service providers of the Aprirose Trading Limited), in observing and upholding our position on bribery and corruption;
b. provide information and guidance as to how we expect those working for us to conduct themselves and how to recognise and deal with bribery and corruption issues; and
c. how to raise concerns with us including any breaches of this policy statement
b. provide information and guidance as to how we expect those working for us to conduct themselves and how to recognise and deal with bribery and corruption issues; and
c. how to raise concerns with us including any breaches of this policy statement
Aprirose Trading Limited’s Board and Executive Committee are committed to implementing and enforcing effective systems throughout BMJ.
2. What Is Bribery?
A bribe, broadly, is an inducement or reward offered, requested, promised or provided in order to gain any commercial, contractual, regulatory or personal
advantage. This can be in the context of giving or receiving. An offence is committed when the bribe is coupled with an intention of inducing, a reward for or in anticipation for a person to improperly perform their function or if the request, agreement to accept or acceptance of the bribe itself constitutes or is believed to constitute the improper performance of an activity. In addition, offering a bribe to a foreign public official to induce that public official to obtain or retain business or an advantage in the conduct of business (and that is not permitted by local laws), will also be an offence.
advantage. This can be in the context of giving or receiving. An offence is committed when the bribe is coupled with an intention of inducing, a reward for or in anticipation for a person to improperly perform their function or if the request, agreement to accept or acceptance of the bribe itself constitutes or is believed to constitute the improper performance of an activity. In addition, offering a bribe to a foreign public official to induce that public official to obtain or retain business or an advantage in the conduct of business (and that is not permitted by local laws), will also be an offence.
3. Responsibilities
The prevention, detection and reporting of bribery and other forms of corruption is the responsibility of all those working for us, or supplying services to us, or under our control. All Aprirose Trading Limited raise any concerns with us as set out in section 8.1
4. Gifts and Hospitality
a. Aprirose Trading Limited permits normal and appropriate corporate entertainment, gifts, hospitality and promotional expenditure (given and received) to or from third parties that is undertaken:
a)for the purpose of establishing and maintaining good business relationships
b)to improve the image and reputation of Aprirose Trading Limited
c)to present Aprirose Trading Limited’s goods/services effectively Provided that it is:
b)to improve the image and reputation of Aprirose Trading Limited
c)to present Aprirose Trading Limited’s goods/services effectively Provided that it is:
a)in good faith
b)not offered, promised or accepted to secure an advantage for the its employees or associated persons or to influence the impartiality of the recipient
b)not offered, promised or accepted to secure an advantage for the its employees or associated persons or to influence the impartiality of the recipient
b. The giving of gifts by Aprirose Trading Limited employees with an approximate value of £50 or higher (or the local equivalent outside the UK) is prohibited unless they have been given prior approval by their Head of Department. With regard to our employees receiving gifts, unless approval has been provided by the appropriate Head of Department, gifts that exceed a £50 threshold must be declined and will be recorded. Gifts in the form of cash must never be accepted by our employees or service providers and therefore must not be offered and any offers of cash must be immediately reported to the relevant Aprirose Trading Limited Executive Committee member. The giving or receiving of promotional material is not considered a gift.
c. The giving and receiving of corporate entertainment and hospitality for our employees should not exceed an approximate value of £50 per head (or the local equivalent outsidethe UK) without prior approval by a Aprirose Trading Limited Executive Committee member where possible and reasonable to do so in the circumstances.
d. The test to be applied is whether in all the circumstances, the gift, entertainment or hospitality is reasonable and justifiable. We expect the intention behind the gift to always be considered.
5. What is Not Acceptable?
There are many scenarios where there will be a breach of the Bribery Act 2010, however below are some non exhaustive scenarios as to we think is not acceptable for employees or service providers of Aprirose Trading Limited to do, namely:
a. give, promise to give, or offer, a payment, gift or hospitality to a third party with the expectation or hope that a business advantage will be received, or to reward a business advantage already given;
b. give, promise to give, or offer, a payment, gift or hospitality to a government official, agent or representative to “facilitate” or expedite a routine procedure;
c. give, offer or promise to a foreign public official to induce that public official to obtain or retain business or an advantage in the conduct of business (and that isnot permitted by local laws), request, agrees to receive or accept payment from a third party knowing or suspecting it is offered with the expectation that it will obtain a business advantage for them;
d. request, agrees to receive or accept payment from a third party knowing or suspecting it is offered with the expectation that it will obtain a business advantage for them
accept a gift or hospitality from a third party knowing or suspecting that it is offered or provided with an expectation that a business advantage will be provided by Aprirose Trading Limited in
e. accept a gift or hospitality from a third party knowing or suspecting that it is offered or provided with an expectation that a business advantage will be provided by Aprirose Trading Limited in return ;
f. threaten or retaliate against another worker who has refused to commit a bribery offence or who has raised concerns under this policy; and
g. engage in any activity that might lead to a breach of this policy.
b. give, promise to give, or offer, a payment, gift or hospitality to a government official, agent or representative to “facilitate” or expedite a routine procedure;
c. give, offer or promise to a foreign public official to induce that public official to obtain or retain business or an advantage in the conduct of business (and that isnot permitted by local laws), request, agrees to receive or accept payment from a third party knowing or suspecting it is offered with the expectation that it will obtain a business advantage for them;
d. request, agrees to receive or accept payment from a third party knowing or suspecting it is offered with the expectation that it will obtain a business advantage for them
accept a gift or hospitality from a third party knowing or suspecting that it is offered or provided with an expectation that a business advantage will be provided by Aprirose Trading Limited in
e. accept a gift or hospitality from a third party knowing or suspecting that it is offered or provided with an expectation that a business advantage will be provided by Aprirose Trading Limited in return ;
f. threaten or retaliate against another worker who has refused to commit a bribery offence or who has raised concerns under this policy; and
g. engage in any activity that might lead to a breach of this policy.
6. Facilitation Payments and Kickbacks
a. We and our service providers should not make, and should not accept, facilitation payments or “kickbacks” of any kind. Facilitation payments are typically small, unofficial payments made to secure or expedite a routine government action by a government official. They are not commonly paid in the UK. Kickbacks are typically payments made in return for a business favour or advantage. We expect all employees and service providers must avoid any activity that might lead to, or suggest, that a facilitation payment or kickback will be made or accepted by us.
b. If you are asked to make a payment on behalf of the Aprirose Trading Limited, you should always be mindful of what the payment is for and whether the amount requested is proportionate to the goods or services provided. You should always ask for a receipt which details the reason for the payment.
c. Any transactions in contracts and documentation must be recorded so that there is never any attempt to hide the way a contract will work.
b. If you are asked to make a payment on behalf of the Aprirose Trading Limited, you should always be mindful of what the payment is for and whether the amount requested is proportionate to the goods or services provided. You should always ask for a receipt which details the reason for the payment.
c. Any transactions in contracts and documentation must be recorded so that there is never any attempt to hide the way a contract will work.
7. Record Keeping
We and our service providers are expected to keep financial records and have appropriate internal controls in place which will evidence the business reason for giving and/or receiving payments from/to third parties.
8. Raising Concerns
If you believe this policy has been breached, or suspect it may have been breached, in any way please contact the Aprirose Trading Limited Director, Parag Gudka (parag@aprirose.com).
Last updated March 2022
Sustainability Policy Date Issued: DEC 30TH, 2021
The Sustainability Policy outlines our commitments related to environmental, social, and governance issues. Aprirose’s sustainability program aims to:
1) Reduce, mitigate, and manage sustainability risks and impacts, and
2) Create meaningful environmental, economic, and social value for stakeholders through education and awareness, community investment, people development, strategic alliances and partnerships for collaborative action, and business opportunities that support climate, ecosystem, and circular economy objectives.
We focus our efforts on:
• Conducting our business responsibly via our governance processes
• Contributing to a more just, equal, and inclusive society
• Protecting the environment for people, ecosystems, and climate
• Enabling a more circular economy
We use the term corporate “sustainability” to refer to our company’s delivery of long-term value in financial, environmental, social and ethical terms (see UN Global Compact). This policy also addresses social responsibility (based on ISO 26000) and environmental, social, and governance (ESG) frameworks. RESPONSIBILITIES All employees are responsible for abiding by this policy and helping Aprirose become a more sustainable company, contributing to a more circular, net zero, and inclusive economy.
MEASURING PROGRESS 1 Note: This Policy supersedes the previous CSR Policy. Version 12/2021 We measure improvement in sustainability by tracking indicators across our goals and objectives and based on international standards and frameworks, as outlined in the Sustainability Reporting Methodology.
SUSTAINABILITY COMMITMENT Governance Sustainability Governance Sustainability at Aprirose is governed by an integrated management system, for which this policy creates the foundation.
Aprirose is committed to:
• Maintaining the highest standards of integrity and corporate governance practices.
• Measuring and reporting our sustainability performance.
• Assessing and mitigating environmental, social, and governance (ESG) risks and impacts in our operations.
• Integrating sustainability considerations into financial and non-financial decision making. Stakeholder Engagement As a global supplier and purchaser of product worldwide, Aprirose operates across a diverse range of cultures and international markets and is committed to engaging all stakeholders responsibly. We participate in various industry and external organizations to collaborate on sustainability and other issues relevant to our business. Our commitment to sustainability includes considering environmental, social, and governance factors into our evaluation of these relationships. Ethics and Compliance Our strength lies in working effectively with others to source and deliver products in ways that create value. We believe in conducting our business ethically, in compliance with applicable laws, and with consideration for social, environmental, and economic value. Our compliance program lays out our commitments to good governance, including data privacy, anti-corruption and transparency, regulatory compliance, and risk management. Social Human Rights Aprirose is committed to protecting the health and safety of individuals affected by our activities and to respecting human rights in our operations and relationships with third parties. This includes conducting our business in a manner consistent with applicable laws and international standards, including: • United Nations Guiding Principles on Business and Human Rights • United Nations Global Compact Version 11/2021 • Universal Declaration of Human Rights • International Labour Organization’s core conventions and Declaration on Fundamental Principles and Rights at Work • Voluntary Principles on Security and Human Rights Worker Welfare We believe every person should be treated with dignity, respect, and fairness and provided with quality work conditions, including: • Non-discrimination and freedom from all forms of harassment • Prohibition of child labor, forced labor, human trafficking, and modern slavery • Freedom of association • Promotion of health and welfare, including both physical and mental health • Safe and secure work environment.
While our direct environmental impacts are limited, we expect all employees to consider ways to reduce their waste, water, and energy footprint and take steps to promote more sustainable work environments. Version 12/2021
• Applying our knowledge, expertise, and logistical capabilities to play our part in a circular value chain. • Supporting producers to market circular products and enabling users to source the circular products they need.
• Creating a financially profitable trading and distribution portfolio of more sustainable products, such as recycled, renewable, compostable, and/or biodegradable products. • Helping to accelerate solutions by investing in circular infrastructure and capabilities in communities. • Building awareness around circularity both with our customers and suppliers as well as with our communities and families.
Waste Management and Recycling Policy
1. General Statement
It is our company policy to ensure a high level of commitment to good environmental policies throughout our business activities. It is our intention to develop this policy by minimising the production of waste, through good purchasing practice of materials used throughout the business and reuse and recycle materials whenever practical to do so. To help ensure we give proper consideration to our environmental and waste management responsibilities and to assist in the minimisation of waste and the recycling of materials wherever practible, systems and procedures will be implemented to encourage the recycling of material with a view to minimizing the overall levels of waste we produce. All staff are expected to abide by the following procedures and co-operate with management in the execution of this policy.
2. Specific Aims
As part of our commitment to protecting the environment and reducing waste levels, we have adopted the following specific aims:-
- Cultivate a work ethic with a high level of awareness of waste management, waste minimisation and a desire to recycle and reuse materials when practical.
- Promote economy in the use of materials generally and in particular plastic and paper and the selection of print formats and document styles in our offices.
- Encourage the use of recycled/reclaimed materials; materials form sustainable sources and those that are suitable for disposal by recycling.
- Favor suppliers who actively operate according to sound environmental principles.
- Minimise waste by encouraging the exchange and reuse of equipment and materials amongst departments and on our production sites.
- Develop waste management strategies that include recycling procedures and schemes.
- Encourage employees in our office and on our sites to promote and establish recycling schemes that our relevant to their individual activities.
3. Future Recycling
We are committed to expanding our recycling policy, procedures for recycling other wastes will be developed and implements in the future, these may include:- Recovery and recycling of plastic waste.
4. Environmental Statement
We are committed to preventing pollution and to complying with all relevant environmental legislation, regulations and other environmental requirements.
We will regularly evaluate the environmental impact of our activities, products and services and we will take action to continually improve our environmental performance. It is our policy to:
- Minimise use of energy, water and natural resources.
- Minimise waster through prevention, re-use and recycling where possible.
- Dispose of waste safely and legally.
- Avoid the use of hazardous materials, where practical.
- Work with environmentally responsible suppliers.
- Prevent environmental damage and minimise nuisance factors such as noise and air pollution.
We will define environmental objectives, targets and improvement actions that are related to this policy and to our significant environmental aspects. We will regularly evaluate progress. We are committed to providing relevant environmental training and promoting environmental awareness to employees and, where appropriate, to supplies and to communicating our environmental performance. We will implement processes to prevent environmental nonconformities and to ensure that we are prepared to deal with potential environmental emergencies. This policy will be regularly reviewed and updates to take account of organisational priorities and changes, environmental legislation and best practice.