Benchmark is committed to furthering our sustainability efforts throughout our business. We believe that our stakeholders must be considered in our everyday actions. While our core competencies are innovative product design, engineering services, technology solutions, and advanced manufacturing services, our business is about people – our customers, our employees, our investors, and our communities.
Benchmark is very proud to have been awarded a 2021 Silver Medal from EcoVadis in recognition of Benchmark’s sustainability achievement. EcoVadis is the world’s most trusted provider of business sustainability ratings and their assessment covers a broad range of non-financial management systems, including Environmental, Labor & Human Rights, Ethics, and Sustainable Procurement.
Keeping to our commitment of sustainability and transparency, Benchmark’s ESG/Sustainability Council has produced a Sustainability Accounting Standards Board (SASB) Fact Sheet. SASB is an independent standard-setting organization that connects businesses and investors on the financial impacts of sustainability.
Included in the SASB Fact Sheet is an overview of Benchmark’s ESG journey to-date, as well as the future direction of Benchmark’s ESG Strategy and focus. As a result of our engagement in robust data gathering and reporting, the document also maps current data against the technical requirements for the EMS/ODM industry with the SASB framework.
“Conflict Minerals” refers to certain minerals commonly referred to as “3TG” (Tin, Tantalum, Tungsten, and Gold) or other derivatives. The US Congress voiced concerns that the exploitation and trade of Conflict Minerals by armed groups helped to finance conflict in the Democratic Republic of the Congo (“DRC”) and adjoining countries was contributing to an emergency humanitarian crisis. To address these concerns, the United States enacted the Dodd-Frank Financial Reform Bill and Consumer Protection Act § 1502(b) in July 2010, and in 2012 the U.S. Securities and Exchange Commission adopted “Rule 13p-1” under the Securities Exchange Act (collectively the “Conflict Minerals Law”). The Conflict Minerals Law identifies the DRC and adjoining countries as “Covered Countries,” and further requires all US stock listed companies to annually disclose certain information concerning Conflict Minerals contained in products they manufacture or contract to manufacture to the extent that Conflict Minerals are necessary to the functionality or production of the products.
Benchmark Electronics, Inc. (“Benchmark”) supports the Conflict Minerals Law and efforts to avoid sourcing Conflict Minerals directly or indirectly financing armed groups in the DRC and in adjoining countries. Consistent with the Conflict Minerals Law and the OECD Due Diligence Guidance concerning Conflict Minerals, Benchmark adopted the Conflict Free Sourcing Initiative Due Diligence reporting process and seeks to obtain Conflict Minerals content declarations from its suppliers, promoting supply chain transparency. Benchmark does not directly source 3TG from mines, smelters or refiners, and is in most cases several or more levels removed from these supply chain participants. Benchmark therefore expects:
Our Suppliers to Source 3TG Only From Smelters and Refiners Validated as Being Conflict Free and do not Directly or Indirectly Benefit or Finance Armed Groups in a Covered Country.
Our Suppliers to Fully Comply with the Conflict Minerals Law and Provide all Necessary Declarations.
Our Suppliers Must Pass these Requirements Through their Supply Chain and Determine the Source and Chain of Custody of Specified Minerals, Including 3TG.
Any suppliers not willing to comply with these requirements shall be reviewed by global procurement with regard to future business and sourcing decisions This Conflict Minerals Policy encourages suppliers to respect and protect human rights throughout the world.