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Supplier Code of Conduct

Core Scientific Inc. and its affiliates (“Core Scientific”) are committed to conducting international business by respecting local customs and practices while requiring its employees, agents, service providers, suppliers, and their subcontractors, to abide by applicable laws and industry standards.

This Supplier Code of Conduct is based upon Core Scientific’s expectation that its suppliers, and subcontractors, comply with all applicable laws and regulations, maintain just and decent working conditions, share Core Scientific’s respect for the environment, and implement sound security measures.

Suppliers shall permit Core Scientific and its agents (including third parties) to engage in assessment activities to confirm compliance with these standards, including inspections of Suppliers’ facilities, reviews of books and records, and private interviews with employees.

If Core Scientific determines through a factory audit or otherwise that a Supplier is not meeting the requirements and expectations set forth in these Standards, Core Scientific shall offer guidance with respect to matters requiring correction or that need improvement. Core Scientific reserves the right, however, to cancel outstanding orders, suspend future orders or terminate its relationship with the Supplier, as circumstances demand.

1. COMPLIANCE WITH APPLICABLE LAWS

Suppliers shall comply with all applicable laws and regulations of the jurisdictions in which the Suppliers are doing business, including but not limited to labor and employment laws of those jurisdictions and any applicable United States laws. In particular, Supplier shall adhere to the laws and regulations of the countries of manufacture and distribution pertaining to product design, manufacture, packaging, labeling, and importation. Commercial invoices and other necessary documentation shall be provided in compliance with applicable laws. All products, unless specifically exempted under the applicable customs laws and regulations, shall be marked with the country of origin. Suppliers shall conduct business in compliance with any applicable anti-terrorism and anti-corruption laws such as the United States Foreign Corrupt Practices Act and UK Bribery Act of 2010.

In addition, the 2010 California Transparency in Supply Chains Act requires Core Scientific to evaluate its Suppliers to insure that the supply chains are free from human trafficking and slavery.

Issues such as Core Scientific need to comply with the United States Securities and Exchange Rules regarding Conflict Minerals. Accordingly, Core Scientific will require its Suppliers to certify that products provided to Core Scientific are free of Conflict Minerals.

Suppliers are expected to maintain fundamental labor and human rights standards as described below. These standards embody those embraced by the Fair Labor Association Workplace Code of Conduct and the Electronic Industry Citizenship Coalition Code of Conduct. All references to local law below include regulations implemented in accordance with applicable local law.

Labor
No Forced Labor:
Forced, bonded (including debt bondage) or indentured labor, involuntary prison labor, slavery or trafficking of persons shall not to be used. This includes transporting, harboring, recruiting, transferring or receiving vulnerable persons by means of threat, force, coercion, abduction or fraud for the purpose of exploitation. All work must be voluntary, and workers shall be free to leave work at any time or terminate their employment. Workers must not be required to surrender any government-issued identification, passports, or work permits as a condition of employment. Excessive fees are unacceptable, and all fees charged to workers must be disclosed.

No Child Labor:
Child labor is not to be used in any stage of manufacturing. The term “child” refers to any person under the age of 15 (or 14 where the law of the country permits), or under the age for completing compulsory education, or under the minimum age for employment in the country, whichever is greatest. The use of legitimate workplace apprenticeship programs, which comply with all laws and regulations, is supported. Workers under the age of 18 shall not perform work that is likely to jeopardize the health or safety of young workers.

No Harassment or Abuse:
Suppliers shall treat each employee with respect and dignity and shall not subject any employee to any harsh and inhumane treatment including any physical, sexual, psychological, verbal, corporal punishment or any other form of harassment or abuse nor is there to be the threat of any such treatment. Disciplinary policies and procedures in support of these requirements shall be clearly defined and communicated to workers

Hours of Work:
Except in extraordinary business circumstances, employees shall: (i) not be required to work more than the lesser of (a) forty-eight (48) hours per week and twelve (12) hours overtime, or (b) the limits on regular and overtime hours allowed by the law of the country of manufacture, or, where the laws of such country do not limit the hours of work, the regular work week in such country plus twelve (12) hours overtime; and (ii) be entitled to at least one (1) day off in every seven (7) day period.

Nondiscrimination:
No person shall be subject to any unlawful discrimination in employment, including hiring, salary, benefits, advancement, discipline, termination, or retirement, on the basis of gender, race, religion, age, disability, sexual orientation, nationality, political opinion, social or ethnic origin, or any other applicable prohibited basis. In addition, workers or potential workers should not be subjected to medical tests that could be used in a discriminatory way.

Freedom of Association and Collective Bargaining:
Open communication and direct engagement between workers and management are the most effective ways to resolve workplace and compensation issues. The rights of workers to associate freely, join or not join labor unions, seek representation, and join workers’ councils in accordance with local laws shall be respected. Workers shall be able to openly communicate and share grievances with management regarding working conditions and management practices without fear of reprisal, intimidation or harassment.

Wages and Benefits:
Suppliers recognize that wages are essential to meeting employees’ basic needs. Suppliers shall pay employees, as a floor, at least the minimum wage required by local law or the prevailing industry wage, whichever is higher, and shall provide legally mandated benefits

Overtime Compensation:
In addition to their compensation for regular hours of work, employees shall be compensated for overtime hours at such premium rate as is legally required in the country of manufacture or, in those countries where such laws do not exist, at a rate at least equal to their regular hourly compensation rate.

Health and Safety
Suppliers shall provide a safe and healthy working environment to prevent accidents and injury to health arising out of, linked with, or occurring in the course of work or as a result of the operation of Suppliers’ facilities.

Concern for the Environment:
Core Scientific expects its Suppliers to conduct business in a way that demonstrates respect for the environment. Suppliers should be alert to environmental issues and share in the commitment to conserve natural resources. Suppliers are encouraged to reduce excess packaging and to use recycled and non-toxic materials whenever possible. Suppliers should take steps to minimize the negative impact their business might have on the environment particularly concerning material selection and the handling and disposal of hazardous material and other waste. Suppliers shall in all respects comply with local environmental laws and regulations. Suppliers are encouraged to develop and maintain an environmental management system based upon the ISO 14000 series standards.

Security Requirements:
Suppliers should develop and implement a comprehensive plan to enhance security procedures throughout their operations. These are general recommendations that should be followed on a case-by-case basis depending on the Supplier’s size and structure and may not be applicable to all. The Supplier should have written security procedures in place that addresses the following:

Physical Security:
All buildings should be constructed of materials, which resist unlawful entry and protect against outside intrusion. Physical security should include:

Segregation and marking of international, domestic, high-value and dangerous goods cargo within the facility by a safe, caged or otherwise fenced-in area.

  • Unauthorized access to the shipping, loading dock and cargo areas should be prohibited.
  • The positive identification, recording and tracking of all employees, visitors and vendors.
  • Procedures for challenging unauthorized/unidentified persons.
  • Procedures for affixing, replacing, recording, tracking and verifying seals on containers, trailers and railcars.
  • Procedures to notify Customs and Border Protection in cases where anomalies or illegal activities are detected or suspected by the company.

Personnel Security:
Suppliers should conduct employment screening and interviewing of prospective employees to include periodic background checks and application verifications in accordance with applicable statutes and regulations.

Ethics
To meet social responsibilities and to achieve success in the marketplace, Suppliers and
their agents are to uphold the highest standards of ethics including:

  • Business Integrity. The highest standards of integrity are to be upheld in all business interactions. Participants shall have a zero-tolerance policy to prohibit any and all forms of bribery, corruption, extortion and embezzlement (covering promising, offering, giving or accepting any bribes). All business dealings should be transparently performed and accurately reflected on Participant’s business books and records. Monitoring and enforcement procedures shall be implemented to ensure compliance with anti-corruption laws.
  • No Improper Advantage. Bribes or other means of obtaining undue or improper advantage are not to be offered or accepted.
  • Disclosure of Information. Information regarding business activities, structure, financial situation and performance is to be disclosed in accordance with applicable regulations and prevailing industry practices. Falsification of records or misrepresentation of conditions or practices in the supply chain is unacceptable.
  • Intellectual Property. Intellectual property rights are to be respected; transfer of technology and know-how is to be done in a manner that protects intellectual property rights.
  • Fair Business, Advertising and Competition. Standards of fair business, advertising and competition are to be upheld. Appropriate means to safeguard customer information must be available.
  • Protection of Identity. Programs that ensure the confidentiality and protection of supplier and employee whistleblower2 are to be maintained.
  • Responsible Sourcing of Minerals. Participants shall have a policy to reasonably assure that the tantalum, tin, tungsten and gold in the products they manufacture do not directly or indirectly finance or benefit armed groups that are perpetrators of serious human rights abuses in the Democratic Republic of the Congo or an adjoining country. Participants shall exercise due diligence on the source and chain of custody of these minerals and make their due diligence measures available to customers upon customer request.
  • Privacy. Participants are to commit to protecting the reasonable privacy expectations of personal information of everyone they do business with, including suppliers, customers, consumers and employees. Participants are to comply with privacy and information security laws and regulatory requirements when personal information is collected, stored, processed, transmitted, and shared.
  • Non-Retaliation. Participants should have a communicated process for their personnel to be able to raise any concerns without fear of retaliation.

Supplier Code Of Conductdownload