OE Solutions are now initiating its CSR activities. OE Solutions strongly believes each enterprise, small or large, owes to society conducting business in responsible manner. In fact, OE Solutions is likely to have even greater influence in the future as it grows in size.
We, at OE Solutions, understand, from the customers’ point of view, that no one would want to purchase merchandise from a company that does not benefit society. If we conduct our business in an ethical, responsible way, earning our customers’ business on the strength of our solutions, the expertise of our members and the value we bring, we will earn their business again. We will put in our best efforts to make a decision based on how CSR is linked to our business activity.
We, at OE Solutions, always consider why we exist as a company and how we will contribute to society. We would like to commit that our employees will grow our CSR initiative as we become the leader in the industry. That is what OE Solutions and all its employees strive to achieve along with our customers and investors
OE Solutions’ essential approach to CSR is to make the world a better place through planning, producing and selling opto-electronic solutions. To remain a company that creates enduring value for the world, we will pursue appropriate management, grow with society and create the next global standard. This is the CSR we aim to fulfill.
Conflict Minerals Policy Statement
OVERVIEW OF THE CONFLICT MINERALS
The minerals of tantalum, tin, tungsten and gold are widely used in manufactured goods across many industries. The Democratic Republic of Congo (DRC) and adjoining countries that share a border with the DRC are one region where these minerals (tantalum, tin, tungsten, and gold or “3TG”) referred to as “Conflict Minerals” are sourced extensively. Meanwhile, there have been violent conflicts and human rights abuses in the DRC Region committed by armed groups to control mines within the DRC; it has been reported that those armed groups may have been financially supported by the trade of conflict minerals. In an effort to end human rights violations and environmental damages associated with conflict minerals, the U.S. Securities and Exchange Commission (SEC) has adopted rules under Section 1502 the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules (“Conflict Minerals Rule”) require publicly traded U.S. companies to annually report the presence of conflict minerals in the products. Thus, most manufacturers of the products that contain 3TG take follow-up measures in compliance with the requirements of Conflict Minerals Rules.
OE SOLUTIONS’ POLICY STATEMENT ON CONFLICT MINERALS
As a responsible corporate citizen, OE Solutions (OES) is committed to acting in a socially and environmentally responsible manner, to complying with the law, to meeting its customer commitments, and to supporting its customers’ businesses. Accordingly, OES supports Conflict Minerals Rule and the industry’s standard to protect the humanitarian values and to prevent human rights abuses that may be associated with extracting, trading, handling and exporting minerals from DRC and adjoining countries.
OES assists our customers in implementing their conflict minerals program and strives to work cooperatively with global supply chain partners in conducting conflict minerals compliance programs. Because OES does not source conflict minerals directly from smelters or refiners and has a multi-tiered, complex and geographically dispersed supply chain, the process of tracing conflict minerals through a global supply chain is complicated and time-consuming, and some materials suppliers or sub-suppliers may lack the resources to trace minerals all the way back to their source. In support of our policy on conflict minerals, OES has decided to use Conflict Minerals Reporting Template (CMRT) created by the Electronic Industry Citizenship Coalition (EICC) and Global e-Sustainability Initiative (GeSI). We require all of our suppliers to use CMRT to report mineral sourcing data to OES. OES expects that its suppliers will perform the same due diligence by inquiring their suppliers about the presence, source and origin of any conflict minerals in the products of their sub-suppliers, and that this information will be shared with OES to review the identification of sources based on the compliant smelter list of Conflict Free Smelter Program (CFSP) provided by Conflict Free Sourcing Initiative (CFSI). In doing so, our suppliers are expected to source conflict minerals only from sources that are DRC Conflict-Free and to supply DRC Conflict-Free materials to OES. In case of non-compliance detected, we will attempt to work with the supplier concerned to correct the situation. In the event a supplier remains non-compliant, we will evaluate our options, including but not limited to reassessment of the business relationship with supplier. OES will endeavor in good faith to have its suppliers exercise reasonable due diligence to evaluate their respective supply chains for the information called for the Conflict Minerals Rule. We will continue to evaluate our policies to ensure compliance with the relevant rules and regulations and make adjustments when necessary.