Human Rights are one of the fundamental pillars of Prosegur's business project. Therefore, we take an active position in their respect and protection, and promote them as an essential element and guide in undertaking all our activities.
Prosegur works with suppliers and customers who share our philosophy; therefore, Prosegur’s commitment to Human Rights extends to them, who must accept, abide by and comply with both: The Prosegur Code of Ethics and Conduct and the Human Rights Policy.
Due Diligence
To ensure respect for human rights, Prosegur has systematised due diligence management based on the continuous improvement cycle. This ensures that potential negative impacts can be effectively identified, prevented, mitigated and repair effectively.
In this way, the company embraces one of the recommendations made by the Spanish OECD National Contact Point, from where it has subsequently valued the integration of Human Rights carried out by Prosegur in its business activity.
Planning
Since 2018, the evaluation and identification of Prosegur's impact on Human Rights has been adapted, obtaining a risk map that identifies possible risk areas and serves as a basis for planning measures to correct them.
Deployment
The implementation of measures provided in the planning involves all levels of the organization.
Verification
Prosegur has the necessary tools for quantitative and qualitative control of compliance with Human Rights. All this is supervised by the internal audit and compliance committees.
Action
Possible Human Rights violations detected and processes that have proven to be deficient or improvable for the protection of Human Rights are corrected.
On a voluntary basis, every three years Prosegur uses third parties to carry out external and independent assessments of its Human Rights due diligence management.
KPMG together with Prosegur has prepared this Due Diligence report covering an analysis of human rights practices with respect to standards and best practices:
