Thursday, July 26, 2012 12:01:23 AM
I also noticed Materion's policy on dealing with Companies who do not honor the below supply chain requirements:
CALIFORNIA SUPPLY CHAIN ACT
HomeCalifornia Supply Chain Act
CALIFORNIA TRANSPARENCY IN SUPPLY CHAIN ACT DISCLOSURE
Materion Corporation, including its subsidiaries and affiliates (“Materion”), will never use forced, indentured or involuntary labor in any of our operations nor will we tolerate any instances of forced labor or human trafficking. We will also never conduct business with any third parties who engage in human trafficking or other forced labor. This commitment is set forth in Materion’s Code of Conduct, which applies to all Materion employees, officers and directors. Materion also requires its suppliers to annually certify they comply with Materion’s Supplier Code of Conduct (the “Supplier Code”).
The Supplier Code, among other things, specifically forbids the use of involuntary or forced labor, including unlawful child labor, and requires that suppliers comply with all applicable laws and regulations. The Supplier Code requires that suppliers ensure that their subcontractors and agents comply with the Supplier Code, and have adequate monitoring and record keeping systems to ensure compliance. The Supplier Code expressly provides that Materion reserves the right to monitor, review and verify compliance with the Supplier Code. In addition, Suppliers are required to annually acknowledge their compliance with the Supplier Code through an on-line certification procedure.
Any concerns relating to potential noncompliance with Materion’s Code of Conduct or the Supplier Code are investigated promptly. In addition, employees and suppliers who violate those policies are subject to discipline, including termination.
Beginning in 2012, Materion will introduce an enhanced supplier audit program that targets key direct material suppliers to ensure compliance with Materion’s strict policy against the use of forced, indentured or involuntary labor.
I am wondering what implications this may have on AAPL further tightening up its China standards.
Well, at least we have one manufacturer, VPC who meets Materion's criteria.
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