Compliance

Sustaining an ethical organization

Responsible Business Practices
Complying with legal and ethical standards is our top priority. We are fully committed to adhering to lawful practices and building an ethical organization. Our parent company provides a Global Code of Conduct to our suppliers, customers, and other external stakeholders as well as to our employees through its ethics management website (www.sec-audit.com), that provides an anonymous channel to report any violations.

Ethical Conduct and Integrity We are committed to ethical business conduct and integrity

Workplace Practices

Code of conduct

Employees are expected to observe certain standards of job performance and conduct for the safe and orderly operation of the Company’s business. It is the responsibility of every SAS employee to conduct themselves in a professional, safe, and ethical manner at all times. Employees are expected to adhere to the principals set forth in the SEC Global Code of Conduct, as well as the North American Code of Business Ethics. Compliance with these policies will help to ensure the confidence and support of customers, suppliers, regulatory agencies and the public. Any employee who becomes aware of existing or potential violations of Samsung policies, guidelines, or codes of conduct are expected to report any concerns promptly to management, Human Resources, Corporate Counsel or directly to SEC.
Ethical Sourcing Eco-partner Certification System
We are implementing the Eco-Partner certification system to closely manage the supply chain. All suppliers that provide products or components to be sold by Samsung Electronics are subject to the Eco-Partner certification. We grant certification by assessing their compliance with our Standards for Control of Substances Used in Products and the suppliers’ environmental quality management system. Suppliers submit a product environmental report containing proof of their hazardous substances information, along with data from the raw materials company. Samsung Electronics then makes a thorough assessment by visiting the suppliers’ manufacturing sites to verify the submitted documents. To maintain the Eco-Partner certification, suppliers must be audited every two years, and those that fail to pass the audit are excluded from the supply chain. In these ways, we are striving to incorporate our suppliers in our Green Management initiatives. Rather than a one-time assessment, we provide continuous management and evaluation to ensure sustainable supply chain management.
Conflict Free Mineral Status
Recently, societal and environmental issues caused by the mining of minerals in the DRC and DRC regions became a serious global concern. Samsung Electronics takes its ethical and social responsibility to manage the supply chain seriously, including providing customers with conflict mineral-free products and becoming a leader in responsible procurement. SAS is aligned with Samsung Electronics’ effort to achieve third-party verification for 100% of smelters dealing with tantalum, one of the conflict minerals. Samsung Electronics’ “Conflict Mineral” policy establishes in-depth inspections and checking of the conflict minerals procurement process. Our policy includes, but is not limited to, procedures that raise awareness among our vendors, investigation of conflict mineral use, audits and verifications, and risk evaluations. Samsung participates in activities with the Conflict-Free Sourcing Initiative (CFSI), which includes the Electronic Industry Citizenship Coalition (EICC), the Global e-Sustainability Initiative (GeSI), and other participating members and suppliers, to work on real solutions to Conflict Mineral issues.
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