We are firmly committed to responsible sourcing throughout our supply chain. We believe that our customers care not only about the value of our products, but also about how those products are produced. To that end, we view addressing human rights and other critical issues in our supply chain as both a business imperative and a sustainability priority, and have established standards for our suppliers to follow when conducting business with us and to help us identify and manage potential risks.

Our Commitment to Human Rights

We value our reputation for conducting business in a legally compliant and ethical manner. Consistent with this commitment, we want to do business with those who share in our culture, values, and ethical business practices.

As defined by the UN Declaration of Human Rights, human rights are rights inherent to all human beings, regardless of race, sex, nationality, ethnicity, language, religion, or any other status. Human rights include the right to life and liberty, freedom from slavery and torture, freedom of opinion and expression, the right to work and education, and many more. Everyone is entitled to these rights, without discrimination.

At Dover, we work to ensure we do not experience instances of human rights violations in our supply chain, including those related to modern slavery, which is a term used to describe human rights issues such as forced labor, bonded labor, the worst forms of child labor, human trafficking, and slavery-like practices. We train our supply chain employees annually on the need to be aware of modern slavery risks and the red flags that may help identify potential violations. In 2019, nearly all supply chain employees completed the online training course. Our supply chain employees are expected to stay vigilant about these issues and report any suspicious activity to management so that it can be addressed.

Supply Chain Management

We drive supply chain responsibility, including for issues related to human rights, by requiring that all our suppliers comply with our Supplier Code of Conduct, which is an extension of the Dover Code of Business Conduct & Ethics. The Supplier Code of Conduct (the “Supplier Code”) establishes our expectations regarding workplace standards and business practices for our suppliers.

Dover’s Supply Chain

Our supply chain is made up of a globally diverse supply base that provides material inputs, products, and services to help us deliver per our customer needs. Our suppliers are spread out across the world, optimized for quality, cost, and delivery. Our VP of Global Sourcing is responsible for overseeing our relationships with these suppliers and managing potential risks in the supply chain, with support from functional managers at each of our operating companies.

The Supplier Code sets forth policies for suppliers to follow in addressing our expectations regarding topics including anti-bribery and anti-corruption, trade compliance, fair dealing, conflicts of interest, anti-money laundering, conflict minerals, environmental responsibility, protection of confidential information, data security and privacy, safety, and ethical employment practices and non-discrimination.

Our Supplier Code states that each supplier must comply with all laws and regulations applicable to its business in the countries where it does business. While laws, regulations, business practices, and customs can vary greatly from one country to the next, the Supplier Code sets forth the minimum requirements that all our suppliers must meet. In addition, we make it clear that suppliers may report any ethical or legal concerns through our Global Hotline.

We also maintain a comprehensive compliance vetting program to screen third parties who provide goods and services to us and our operating companies to further ensure we conduct business only with suppliers who share our commitment to the values and principles in the Supplier Code. For more information on our third party vetting program, please visit our Ethics and compliance webpage.

Transparency in Supply Chain Disclosure

Many of our operating companies include a “Transparency in Supply Chain Disclosure” statement on their websites in accordance with applicable laws that affirms our commitment to oppose the use of forced, bonded, involuntary, prison, or indentured labor.

Ethics and Human Rights Expectations for Our Suppliers

We recognize the value of diverse skills, ideas, and backgrounds, and require our suppliers’ workplaces to be professional and free from discrimination, harassment, and abuse. This means that our suppliers must comply with all applicable local laws with respect to child labor, not use forced, bonded, involuntary, prison, or indentured labor, and not intentionally source materials from supply chains associated with human trafficking and take reasonable efforts to assure that their own suppliers comply with this requirement.

Environmental Sustainability Expectations for Our Suppliers

We are committed to creating economic value for our shareholders and customers through sustainable practices that protect the long-term well-being of the environment, employees, and the communities in which we operate. Our suppliers are required to comply with all applicable environmental laws, regulations, and standards and minimize any adverse impact on the environment. Our suppliers must also endeavor to conserve natural resources, including water and energy, and reduce or eliminate waste and the use of hazardous substances.

Our Policy on Conflict Minerals

As part of our commitment to responsible sourcing and managing possible human rights related issues in our supply chain and business, we enacted a Conflict Minerals Policy.

Our Conflict Minerals Policy reflects the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), which aims to prevent the use of Conflict Minerals that directly or indirectly finance or benefit armed groups in The Democratic Republic of the Congo (DRC) or an adjoining country as defined in the Act. “Conflict Minerals” include tantalum, tin, gold, tungsten, or their derivatives. The Act requires our company to perform due diligence with respect to the sourcing of Conflict Minerals and to report annually on our potential use of Conflict Minerals and origin of such minerals.

Our suppliers are responsible for following the Conflict Minerals Policy and the conflict minerals guidelines in our Supplier Code and for passing these same requirements on to their suppliers. We expect our suppliers to implement a process to reasonably assure that Conflict Minerals contained in the products they provide to us do not perpetrate human rights abuses in the DRC or an adjoining country.