Richardson Electronics, Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Conflict Minerals
Governance Achievements
- Adopted and communicated a company policy statement (Conflict Minerals Policy) to suppliers and the public.
- Developed a questionnaire based on the EICC/GeSI Conflict Minerals Reporting Template to identify smelters and refiners in the supply chain.
- Included language in purchase order terms and conditions regarding Conflict Minerals compliance, including the requirement for sourcing from EICC/GeSI validated smelters.
Climate Goals & Targets
Environmental Challenges
- Complex and fragmented supply chains make it difficult to trace the ultimate source of minerals used in manufacturing electronic components.
- Limited visibility into the source of minerals used by manufacturers of products that Richardson Electronics resells.
- Potential risks associated with conflict minerals in the supply chain.
Mitigation Strategies
- Working with suppliers to ensure they share the company's philosophy and source from conflict-free sources.
- Implementing due diligence measures conforming to the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
- Utilizing information from the Conflict-Free Sourcing Initiative regarding independent third-party audits of smelters and refiners.
Supply Chain Management
Responsible Procurement
- Conflict Minerals Policy requiring suppliers to source from conflict-free sources.
- Purchase order terms and conditions requiring compliance with Conflict Minerals use and sourcing from EICC/GeSI validated smelters.
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