Security Trade Controls
Commitment to our Customers
Sumitomo is committed to complying to US export laws and regulations keeping our customers throughout the world safe.
As part of our commitment we have a new policy to enable our mutually beneficial trade relationships to grow internationally.
Transparency Act of Supply Chain
Sumitomo Machinery of America has high standards for it's own business practices and also expects the same from our suppliers. Therefore, all suppliers that maintain contracts with Sumitomo are required to comply with The California Transparency in Supply Chain Act from 2010 which prohibits to any type of forced, bonded, or indentured labor as well as against subjecting workers to any form of compulsion, coercion or human trafficking. All work must be voluntary and workers shall be free to leave work or terminate their employment with reasonable notice. Child labor is strictly prohibited. Assessment in findings such as the presence child labor or coerced labor may result in the immediate termination of business relationships with supplier.
The SHI Group's Basic Policy on Conflict Minerals Mined in the Democratic Republic of Congo and Adjoining Countries
In the Democratic Republic of Congo, armed groups are forcing local residents to mine tin, tungsten, tantalum and gold (hereinafter referred to as "Conflict Minerals") and are using the mined minerals to fund their activities. Moreover, the systematic violence against local residents is gaining international attention and condemnation.
As part of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was enacted in July 2010, the Securities and Exchange Commission (SEC) on August 22, 2012 adopted the "Rule for Disclosing the Use of Conflict Minerals". As a result, any SEC regulated company is required to submit a report on the use of Conflict Minerals in their products to SEC on an annual basis.
As part of SHI's commitment to global social responsibilities, SHI has made it a policy not to become involved in the procurement of Conflict Minerals. In accordance with this policy, SHI is in the process of deliberating and implementing systems and measures to ensure that these objectives are met. Furthermore, our trading partners will be informed of this policy and be required to support this global initiative.
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