Unethical procurement practices may lead to indecent treatment or discrimination towards employees, workers, and other stakeholders - which may contribute to broader systemic economic and social inequities.
We hold ourselves to high ethical standards and expect our suppliers to do the same. Rambus is a regular member of the Responsible Business Alliance (RBA). In addition, we collaborate with other industry groups, peers, suppliers and other stakeholders to make supply chains across the industry ethical and sustainable. Rambus has adopted a Vendor/Supplier Code of Conduct that is based on the RBA Code of Conduct. The RBA Code is aligned with international norms and standards including the Universal Declaration of Human Rights, ILO International Labour Standards and the OECD Guidelines for Multinational Enterprises. It outlines our standards for labor, health and safety, environment, ethics and management systems. The Rambus Code of Business Conduct and Ethics outlines our expectations for our ethical conduct and these standards extend to our business partners. We further expect that each supplier will, in turn, communicate to their suppliers the same expectations and implement reasonable mechanisms to monitor compliance
We utilize third-party risk analytics to conduct a supply chain risk analysis. Through our annual analysis, we gain deeper insights into inherent geographical risks related to labor, health and safety, environment, business ethics and management systems. We use the results of the analysis to assign risk assessment tools and prioritize suppliers within our audit program.
Based on the results of the risk assessment, Rambus decides which tool will be most effective to evaluate each supplier. For example, we may require an RBA Validated Assessment Program (VAP) onsite audit to learn more about a supplier's practices.
Labor -related items across our operations may impact employees, local communities, suppliers and customers. These stakeholders are engaged through multiple channels and their input is integrated into our assessments.