"CODE OF CONDUCT" FOR CORPORATE SOCIAL RESPONSIBILITY
We are committed to the Code of Conduct, the ZVEI (German Electrical and Electronic Manufacturers' Association) has formulated and published.
1. Basic Understanding of Social Responsibility in Corporate Management
A mutual, basic understanding of social responsibility in corporate management forms the basis of this CoC. This means the undersigned company assumes responsibility by bearing in mind the consequences of its business decisions and actions on economic, technological, social and environmental levels and brings about an appropriate balance of interests. The undersigned company voluntarily contributes to the well being and long-term development of a global society at every point it can at the locations where it is in business. It is geared towards universally held ethical values and principals, especially integrity, honesty and respect of human dignity.
2. Where the CoC applies
This CoC is in effect for all of the undersigned company’s branches and business units worldwide.
The undersigned company commits to promoting adherence to the content of this CoC at every point it can for its suppliers and in other parts of the value chain.
3. Core Values for Social Responsibility in Corporate Management
The undersigned company will proactively work to ensure that the values mentioned below are put into practice and adhered to both now and in the future.
3.1 Adherence to Laws
The undersigned company will abide by the laws in effect and other legal requirements of the countries where it is in business. For countries that have a weak institutional framework, the company will carefully examine what good company practices from their home country should be applied to enable supportive, responsible company management.
3.2 Integrity and Organizational Governance
The undersigned company gears its activities towards universally held ethical values and principals, especially integrity, honesty, respect of human dignity, openness and non-discrimination based on religion, ideology, gender and ethnicity.
The undersigned company rejects corruption and bribery as stated in the relevant UN Convention . It uses suitable means to promote transparency, trading with integrity, responsible leadership and company accountability.
The undersigned company pursues clean and recognized business practices and fair competition. In regards to competition, it focuses on professional behavior and high standards of quality for work. It fosters partnership and trusting interaction with the supervisory authorities. Additionally, it will hold to the parameters of the ‘Guide for our Association Activity – Instructions for Compliance with Competition Law in the ZVEI‘.
3.3 Consumer Interests
To the extent consumer interests are affected, the undersigned company abides by regulations that protect the consumer, as well as appropriate sales, marketing and information practices. Groups that are in special need of protection (e.g. protection of minors) will receive special attention.
The undersigned company will communicate in an open way and is oriented towards dialogue about the requirements of this CoC and about its implementation among employees, clients, suppliers and other stakeholders. Every document and all information will be duly produced. They will not be unfairly changed or destroyed. They will be properly stored. Company secrets and partner’s business information will be handled sensitively and will be kept in confidence.
3.5 Human Rights
The undersigned company is committed to promote human rights. It respects human rights stated in the Charter of the United Nations, especially those named in the following:
Protection of privacy.
3.5.2 Health and Safety
Ensuring health and work safety, especially the guarantee of a safe and health-promoting work environment, avoiding accidents and injuries.
Employee protection against bodily punishment and against physical, sexual, psychological or verbal harassment or abuse.
3.5.4 Freedom of Conscience
Protection and guarantee of the right to freedom of conscience and freedom of expression.
3.6 Working Conditions
The undersigned company abides by the following core work standards from ILO
3.6.1 Child Labor
The prohibition of child labor, i.e. the employment of persons younger than 15 years old, as long as the local legal requirements do not specify a higher age limit and as long as no exceptions are permitted.
3.6.2 Forced Labor
The prohibition of forced labor of any kind.
3.6.3 Wage Compensation
Work standards concerning compensation, especially in regards to the level of compensation as stated in the laws and requirements that are in force.
3.6.4 Employee Rights
Respecting the rights of the employee to freedom of association, freedom of assembly and collective bargaining, as long as this is legally permitted and possible in the respective country.
3.6.5 Prohibition of Discrimination
Treatment of all employees in a non-discriminatory fashion.
3.7 Hours of Work
The undersigned company abides by work standards concerning the longest permitted time of work.
3.8 Environmental Protection
The undersigned company fulfills the requirements and the standards for environmental protection that affect their operations and acts in an environmentally conscious way at all locations where it is in operation. For additional responsibility with natural resources, it holds to the principles from the Rio Declaration.
3.9 Civic Commitment
The undersigned company contributes to the social and economic development of the countries and regions where it is in business and promotes appropriate, volunteer activities by its employees.
4. Implementation and Application
The undersigned company will make every appropriate and reasonable effort to implement and to apply the principles and values described in this CoC both now and in the future. Contractual partners will be informed about the basic measures upon request and within the scope of a reciprocal cooperation, so that it becomes observable how keeping these measures is fundamentally guaranteed. No right exists to disseminate operational or business secrets related to competition or any other information that is in need of protection.
Kaufbeuren, January 2015
Sensor-Technik Wiedemann GmbH
- Management -
(Text courtesy of ZVEI - German Electrical and Electronic Manufacturers' Association, http://www.zvei.org/)
CONFLICT MINERAL POLICY
This statement is based upon information collected from STW’s supply chain and manufacturing process.
Section 1502 (“Conflict Minerals Provision”) of the “Dodd-Frank Wall Street Reform and Consumer Protections Act” amends the “Securities Exchange Act of 1934” and is applicable for US-companies having reporting obligations toward the US Securities and Exchange Commission (SEC).
To support our customers STW is working toward the elimination of conflict minerals that directly or indirectly finance or benefit armed groups in the Democratic Republic of Congo (DRC) or adjoining countries from its supply chain.
STW’s ultimate goal is to have a supply chain that consists of material that is DRC Conflict Free.
As we do not source directly from smelters or mines, we are working closely with our own suppliers to understand the sources of the metals contained in their products, to assure to reach the goal above.
Therefore we will exercise due diligence as specified in the document “Due Diligence Guidance for Responsible Supply chains of Minerals from Conflict-Affected and High Risk Areas (2nd Edition)” from the Organisation for Economic Co-operation and Development (OECD).
Kaufbeuren, January 2015
Sensor-Technik Wiedemann GmbH