OUR APPROACH
Our Values
Responsibility
Ulli holds a high sense of responsibility towards our employees, communities, and host countries.
Integrity
Ulli keeps its relationships above the table and utmost transparency in its dealings.
Respect
Ulli has respect for people above all, the environment, and the values of good business.
Innovation
Ulli seeks innovation in all aspects of its business to increase efficiency and productivity on every level.
Delivery
Ulli keeps focused on delivering.
Value Creation
At Ulli, we recognize our commitment to not only our investments, but the larger communities that we operate in.
Developing Responsibly
The commodities industry provides significant employment opportunities. Through our trading, mining and investment activities, we help create employment opportunities at the local level and leave a positive long-term impact on communities.
Commitment to Environment, Social and Governance (ESG) Practices
To foster sustainable growth and development, it is critical that every responsible corporate citizen adheres to Environment, Social and Governance (ESG) practices. At Ulli, we consider ESG measures to be as important as the financial aspects of the investment. We encourage our partners to adopt ESG best practices. Creating a robust socio-economic and sustainable ecosystem by observing responsible business behavior is our endeavor.
Ulli adheres to an ESG framework for its investments that our portfolio companies are expected and encouraged to follow. Our portfolio companies are required to comply with ESG policies which cover:
- Strict adoption of safety policies and maintaining site conditions that are conducive for workers.
- Encouraging the use of new technology initiatives, which reduce material wastage and pollution at our sites.
- Focus on open spaces and adoption of green measures in our projects is paramount.
Risk Management
Implement effective risk-management strategies and systems based on sound science and which account for stakeholder perceptions of risks.
Our process for integrating risk management throughout the business starts with identifying, evaluating and addressing economic, social and environmental risks and opportunities on a regular basis. The risks and impacts associated with our business are multi-faceted and require effective collaboration among departments, business units and external stakeholders. We use feedback mechanisms, incident reporting and investigation, and frequent internal reporting to ensure our approach to sustainability and risk management remains relevant for all our portfolio companies.
We mitigate sustainability related risks in several ways, including: Social Environmental and Regulatory Approval committees, which are established for new projects to ensure the social and environmental risks associated with our current and future activities are properly managed Environmental and Social Baselines to ensure actual and potential community impacts are understood and managed Stakeholder engagement to provide communities with information about our activities and to understand local concerns and priorities to better inform our decision-making at every stage of the mining life cycle.
Business Ethics
We conduct our business in an honest and ethical manner. We expect our employees to deal with everyone in a fair and open manner and to conform to the spirit and intent, as well as the technical requirements, of all contracts and agreements that we enter into, and with all laws, regulations and rules that govern us.
Demonstrating ethical behavior and compliance with applicable regulations is core to our company and essential to sustainable investments. We recognize that transparency in meeting our business ethics obligations is critical for earning trust and maintaining our social license to operate. As part of our approach to ethical business practices and public policy, we focus on being a collaborative, solutions-based partner with governments in the jurisdictions where we invest.
We engage in and support the work being done to fight corruption by supporting international frameworks such as the United Nations Global Compact (UNGC) and the Extractive Industries Transparency Initiative (EITI). Our Code Of Ethics requires that we conduct global business in a moral and ethical manner, and that employees comply with all applicable laws. Under our anti-corruption compliance policy, payments, charitable donations, travel expenses, gifts and entertainment may not be made to government officials to assist us in obtaining or retaining business, nor can employees provide payments, gifts or entertainment that are prohibited by applicable country or local laws.