UK Slavery Act
The United Kingdom Modern Slavery Act of 2015 requires businesses to disclose policies, plans and actions to address the issues of slavery and human trafficking in their supply chains. The disclosures are intended to enable customers to make informed choices about the products and services they buy and companies they support.
IQE is committed to maintaining and improving its supplier policies and processes to ensure that slavery and human trafficking are not taking place in any part of our business or within our supply chains.
IQE designs and manufactures advanced semiconductor materials. Our finished products are compound semiconductor wafers. We manufacture atomically engineered wafer products to the exacting technical specifications required by our customers. Our customers fabricate our wafers into the “chips” that form the critical components for a wide range of technology applications including wireless communication and photonic devices.
IQE operates manufacturing facilities in Europe (UK) Asia (Singapore and Taiwan) and the USA.
Supply Chain verification
IQE undertakes formal supplier selection and audit policies and procedures across all of its activities. These policies and procedures include risk assessments with reference to slavery and human trafficking. A key element of our supplier selection and audit procedures is to ensure that appropriate and effective anti-slavery and human trafficking policies are in place throughout our supply chains that are in compliance with the Modern Slavery Act of 2015.
We also conduct independent audits and surveys across our suppliers to ensure the reliability and integrity of its raw materials supply and to assess the suppliers’ policies and practices with regards to slavery and human trafficking, health and safety, environment, and business integrity in our supply chain.
IQE’s contracts require that our suppliers comply with all laws and international standards, and with IQE’s purchases order terms and conditions, which states our expectations of them abide by our ethical business practices.
Serious violations of our terms and conditions would lead to the termination of the business relationship. We require all chains of supply to complete a statement of compliance that they meet all points of the Modern Slavery Act 2015.
Our internal accountability standards and procedures help us to determine that all our employees conduct business in an ethical manner. IQE requires its employees to comply with the laws of the countries in which we operate and all IQE policies, including employee manuals and standard operating procedures. Violation of the laws or company policies is subject to disciplinary action, up to and including termination of the contract.
At IQE, we believe that training is an important part of effective human rights practices. We are implementing training sessions for our key employees on human trafficking and slavery, particularly on mitigating risks within supply chains. The training will comprise:
- IQE business' purchasing practices;
- how to assess the risk of slavery and human trafficking;
- how to identify the signs of slavery and human trafficking;
- what initial steps should be taken if slavery or human trafficking is suspected;
- how to escalate potential slavery or human trafficking issues to the relevant parties within the organisation;
- what external help is available, for example through the Modern Slavery Helpline, Gangmasters Licensing Authority and "Stronger together" initiative;
- what messages, business incentives or guidance can be given to suppliers and other business partners and contractors to implement anti-slavery policies; and
- what steps the organisation should take if suppliers or contractors do not implement anti-slavery policies in high-risk scenarios, including their removal from the organisation's supply chains.
IQE invests in educating its staff to recognise the risks of modern slavery and human trafficking in our business and supply chains. Awareness of modern slavery issues will be communicated to staff through presentations, electronic means and newsletters.
Our employees will be encouraged to identify, prevent and if necessary report potential slavery or human trafficking issues.
This statement has been approved by the Board of Directors.