Key Issues in the Electronics Supply Chain
Greenhouse Gas Emissions
In FY17, we conducted a global Greenhous Gas (GHG) emissions inventory (including Scope 1, 2 and Scope 3 business travel) to support internal decision-making on reduction goals and efficiency strategies. We finalized the inventory for FY18 realizing a 10% decrease from FY17 emissions. We are currently expanding the FY18 inventory to include Scope 3 emissions from our supply chain.
Forced Labor & Human Trafficking
At Veritas, we work to preserve and uphold human rights throughout our company and our supply chain. We have a zero-tolerance policy for forced labor, slavery, child labor and human trafficking, as outlined in our Human Rights Policy, the RBA Code of Conduct and the United Nations Global Compact.
On March 26, 2015, the Modern Slavery Act 2015 was passed into law in the United Kingdom. This law requires companies to publish a formal statement of how they are preventing human trafficking and slavery in their supply chains.
- Veritas U.K. Modern Slavery Act Statement for fiscal year 2020 can be found here
- Veritas U.K. Modern Slavery Act Statement for fiscal year 2019 can be found here
- Veritas U.K. Modern Slavery Act Statement for fiscal year 2018 can be found here
- Veritas Amended U.K. Modern Slavery Act Statement for fiscal year 2017 can be found here
- Veritas U.K. Modern Slavery Act Statement for fiscal year 2016 can be found here
Veritas also complies with the California Transparency in Supply Chains Act of 2010 which requires retail sellers and manufacturers with annual worldwide gross receipts over $100 million doing business in the state of California to publicly disclose their efforts to eradicate slavery and human trafficking from their direct supply chains. Veritas statement for the California Transparency in Supply Chains Act can be found here: Veritas Statement California Transparency Supply Chain Act.
Veritas has a zero-tolerance policy and expects all employees and contractors to be aware of the implications of violating any aspect of human-trafficking related activities. Employees and contractors can report potential violations of this policy to Veritas EthicsLine.
Conflict Minerals
The U.S. Securities and Exchange Commission ("SEC") adopted a rule under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that requires companies to disclose whether the products they manufacture or contract to manufacture contain conflict minerals that originated in the Democratic Republic of the Congo (DRC) or other Covered Countries. We support the aims and objectives of the U.S. legislation on the supply of conflict minerals as stated in our Veritas Conflict Minerals Policy.
To underscore this commitment, we have also:
- become members of Responsible Minerals Initiative (RMI)
- communicated our conflict minerals policy with our suppliers
- required our suppliers to complete the CFSI’s Conflict Minerals Reporting Template (CMRT),
- developed a comprehensive due diligence process that is in line with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High-Risk Areas.
For more information please visit our Veritas Conflict Minerals Report.
Industry Engagement & Collaboration