At Stoneridge we are committed to operating with the highest level of integrity. We refer to this as “Doing the right thing, always.” We believe in protecting the human rights of all people and will not tolerate slavery and human trafficking in our business or supply chain. We are also committed to compliance with all laws and regulations wherever we do business.
Stoneridge, Inc. is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Headquartered in the USA, Stoneridge’s global footprint encompasses 25 locations in 15 countries. The global annual turnover last financial year was £627 million. Click here for more information.
Our business is organized into three divisions:
Stoneridge engages suppliers who are aligned with the company’s goals to consistently exceed customer expectations in the planning, execution, and delivery of solutions for the mobility industries we serve. Suppliers who focus on creative solutions, quality, cost and operational excellence are of special interest. These characteristics are the foundation of a successful, long-term partnership. Our supply chains are based throughout the world and include suppliers of direct materials (see Supplier page for top 10 commodities), suppliers of indirect materials and services and distributors of our products. Stoneridge expects that our suppliers will satisfy contractual requirements, understand, and act consistent with Stoneridge’s approach to integrity, responsible sourcing, and supply chain management using the principles and values of our Stoneridge Code of Conduct and our Global Quality Agreement (find more details here). Any concern our due diligence uncovers is reported to the relevant authorities.
Our Core Values reflect our commitment to acting ethically and with integrity in all our business relationships, and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking are not taking place anywhere in our business or our supply chains.
To ensure our employees understand our expectation of being a company that operates with integrity, all new hires are given a Code of Conduct along with our eight global policies when they join the company. All employees are required to attend mandatory Code of Conduct training. Violations of our Code or a company policy may result in disciplinary action, up to and including termination.
Moving forward, we intend to implement further measures to combat slavery and human trafficking. Those measures include, but are not limited to:
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Stoneridge's slavery and human trafficking statement for the financial year ending 2019.
Marianne Ulla Frogner Director, Stoneridge Electronics Limited April 6, 2020