In Grundfos we run our business in a responsible and ever more sustainable way. We believe that being a sustainable company creates great value for our stakeholders, society at large and Grundfos.
In August 22, 2012 the US Securities and Exchange Commission (SEC) approved the final rule on Conflict Minerals. Grundfos is not directly affected by the legislation; however we support human rights and wish to contribute to transparency in the supply chain.
We address sustainability with our suppliers through our Supplier Code of Conduct. The Supplier Code of Conduct includes requirements regarding unethical sourcing and conflict areas. Suppliers are furthermore expected to demonstrate responsible sub-supplier management.
We are currently assessing and implementing steps to determine the use, source and origin of the minerals tin, tantalum, tungsten and gold in our supply chain. Due to the complexity of our supply chain this requires a significant investment of time and resource and will therefore be carried out on-going. In the endeavour to gather date from our suppliers, we are using the EICC-GeSI Reporting Template.