Modern Slavery Statement

01Our Business

Premium Vertex is a global trader of refined and crude vegetable oils, headquartered in Rotterdam with regional desks in Singapore and São Paulo. We employ 84 staff and source from more than 200 mills, crushers, and cooperatives across 23 origin countries.

Our customer base consists of food manufacturers, biofuel producers, oleochemical companies, and packaged-goods brands.

02Risk Assessment

Our supply chain risk assessment identifies the following higher-risk segments:

• Palm oil from smallholder plantations in Indonesia and Malaysia
• Coconut oil from smallholder cooperatives in the Philippines and Sri Lanka
• Olive harvest labour in select Mediterranean regions
• Cotton-related supply chains in Central and South Asia
• Logistics labour at certain transshipment ports

03Policies & Governance

Our Supplier Code of Conduct prohibits forced, bonded, indentured, or child labour and is a contractual requirement for every supplier. The code aligns with the ILO Declaration on Fundamental Principles and Rights at Work and the UN Guiding Principles on Business and Human Rights.

Oversight sits with our Compliance Committee, which reports quarterly to the Managing Board.

04Due Diligence

We apply risk-based due diligence to every supplier relationship. For high-risk segments this includes:

• Pre-contract human-rights screening using independent data providers
• Annual refresh of sanctions and adverse-media screening
• On-site social audits via SMETA, RSPO, or equivalent schemes
• Worker-voice surveys at selected origin mills
• Embedded grievance mechanisms with anonymous reporting

05Training

All Premium Vertex commercial and operations staff complete annual training on modern slavery indicators, our grievance procedure, and escalation pathways. Targeted training is delivered to procurement leads working with higher-risk origins.

06Performance & Remediation

During 2025 we conducted 47 supplier audits across higher-risk origins. We identified zero confirmed cases of forced or child labour. Eleven non-conformities relating to working hours, wage records, or grievance handling were raised; nine have been fully closed, and two remain under remediation with quarterly reporting.

Where we identify a credible indicator of modern slavery, our priority is to remediate harm in collaboration with local NGO partners — terminating supplier relationships only where remediation is refused.

07Effectiveness & Next Steps

We measure effectiveness through audit close-out rates, grievance volumes and resolution times, training completion, and supplier code acceptance rates. In 2026 we will extend worker-voice surveys to a further 30 origin mills and pilot blockchain traceability for two palm supply lanes.

08Approval

This statement was approved by the Managing Board of Premium Vertex B.V. on 12 January 2026 and is signed by our Managing Director on behalf of the Board.