Sun Hydraulics Corporation
Climate Impact & Sustainability Data (2017)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Conflict Minerals
Governance Achievements
- Established a management system for compliance with regulations related to conflict minerals, including a cross-functional team overseen by the Chief Financial Officer and a documentation and record maintenance program.
Climate Goals & Targets
Environmental Challenges
- Unable to determine the origin of all 3TG (tin, tantalum, tungsten, and gold) within their products despite conducting a reasonable country of origin inquiry (RCOI).
Mitigation Strategies
- Include a conflict minerals clause in new or renewed supplier contracts.
- Engage with suppliers and direct them to training resources to improve supplier survey responses.
- Engage suppliers found to be supplying 3TG from conflict-supporting sources to establish alternative sources.
- Work with trade associations to define and improve best practices and build leverage over the supply chain.
Supply Chain Management
Responsible Procurement
- Conflict minerals clause in supplier contracts
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High Risk Areas