Corporate

Global Serving Local

Corporate Governance

Origination​

The ever-growing correlation between engineering, manufacturing, warehousing, distribution and recycling sectors provides a great opportunity for us. Our team coordinates all the physical and virtual elements that enable the realization of large scale transactions anywhere along the supply chain. Working with our trading partners, the team operates across all potential markets and helps partners to meet their business objectives by providing access to adequate process engineering resources.

Our Board is responsible for the following key aspects of the company’s governance and performance:

 

  • Financial performance

  • Strategic direction

  • Major acquisitions and disposals

  • Overall risk management

  • Capital expenditure and operational budgeting

  • Business planning​

Promoting Corporate Responsibility

 

Responsibility should be core to any business structure.  It defines how we interact with our clients, our partners and our communities. We understand that our reputation depends on our honoring our commitments, doing what is right and addressing what is not.

 

Soumare Export manages its activities with the highest regard for the wellbeing of people, places and the environment. The activities we undertake are managed to the highest corporate, environmental, health and safety standards.

 

In the communities where we operate, be it a long-term project or a short term project, we employ local people to manage and run our business. This helps to create more sustainable businesses. Soumare's approach is always to act responsibly and try its best to be a leader in corporate responsibility. 

 

Promoting Environmental Responsibility

 

We wanted to be a part of the world’s transition towards a greener globe and that is why we have adopted environmental products into our portfolio.

 

By operating our business in the most efficient and greener way, we at Soumare Export, make sure to do our best in reducing the impact on the environment. Our goal is to work in harmony with Mother Nature and to provide economic benefit to local communities, our customers and suppliers.

 

We also convey our values of environmental protection to our freight forwarders, truckers, manufacturers, clients and other operations.

Business Development

Business Development

Our model is based on organic growth and strategic partnerships both for trading opportunities and asset origination. Over the years, our activities have enabled us to develop remarkable insights into the mining, minerals, oil & gas & international trade consulting sectors covering various commodities like coal, iron ore, jet fuel, gasoil, Petcoke etc that are becoming increasingly interrelated. Equally, our strong physical presence throughout the value chain provides us the knowledge needed to carve out a path for our continued growth.

Partnership Investment

 

Soumare Export can become an equity investor through joint ventures or a trading partner with long term off-take agreements. We have extensive experience in exports, imports, international freight & local distribution and can provide technical expertise to help develop an asset and realize its potential. By combining our skills with those of the asset owner we can create synergies that ultimately generate benefits for all.

 

Coupled with our inherent trading expertise, we maximize financial opportunities by looking at assets differently. Soumare Export believes in partnerships. We commit to the relationship as much as to the asset itself.​

Ensuring Ethics and Compliance

Virtually every aspect of the international market today is affected to a greater or lesser degree by regulations covering health and safety, insurance, emission and environmental control, product, cargo and financial crime, international trade and sanctions, banking, exchange and derivatives market rules.

 

To ensure compliance within such an extensive and constantly evolving regulatory environment, Soumare Export maintains rigorous corporate protocols and a strict compliance program.

 

We take pride in conducting our business all over the globe with integrity. Soumare Export believes in competition, but we compete fairly and ethically. We comply with the laws and regulations that support fair competition and integrity in the marketplace. We do not hesitate to address and report unfair and unethical business practices.

We keep accurate and honest records. Soumare Export believes that accurate and honest records are pivotal to making sound business decisions and maintaining the integrity of our financial reporting. Our business information, in any form what so ever, must reflect the true nature of our transactions.

 

We honor our business obligations. Soumare Export believes that if we have to sustain a long-term business relationship, it should be grounded in mutual trust and that is what has reflected throughout Soumare Export’s history. We build and maintain the trust and confidence of our clients and our business partners by conducting business honestly, respecting information entrusted to us and standing behind our commitments.

 

We treat people with dignity and respect. We achieve our goals through our clients, partners, employees and people who place their trust in us. We provide a safe workplace and value the unique contributions of our global team, enabling our associates to achieve their own individual potential.

Effective Risk Management

 

Financial, operational and market risks are an integral element of international trading and projects which cannot be wholly avoided, but they can be planned for and managed in a responsible way. Soumare Export maintains effective risk management systems and considers them pivotal in day-to-day business.

 

Our risk management policies are regularly overviewed, market exposures are analyzed daily, and our procedures are continuously reviewed and updated. Soumare applies a range of risk management tools to minimize overall exposure at any given point in time. 

 

As a supplier, trader and exporter of thermal coal, iron ore, oil & petroleum products and as an international trade consultant, we work closely with various government agencies and private inspection companies to ensure the smoothest operations and minimize risks.


Health & Safety

Ensuring Health and Safety

 

Soumare maintains clear safety, health, environmental, human rights and community expectations within our corporate governance structure. We are committed to the following principles of health and safety and make sure that our employees, partners and clients also act in accordance with them:

  • Prevention of Injuries, Incidents & Occupational Illnesses: We believe that injuries, incidents, and occupational illnesses are preventable and that incidents, near miss reporting and investigations are of fundamental importance in their prevention.

  • Compliance with Laws, Regulations & Soumare Export Standards: We have clear safety, health, environmental, human rights and community expectations within our corporate governance structure. All Soumare Export entities are required to adhere to these corporate expectations and to comply with all applicable laws and regulations.

Leading By Standards:

  • Continuous Improvement: High standards required in all areas of safety, health and environment require continuous improvement and commitment by everyone.

  • Personal Responsibility: We all have a personal responsibility to prevent harm to others, the environment, and ourselves as well. Safety, good health and concern for the environment are equally important away from work and are always promoted in our seminars and training.

Read about Soumare's Corporate Policy.

Food Truck Wide Shot

  48 Years of Accumulated Practice

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