STATEMENT IN COMPLIANCE WITH CALIFORNIA TRANSPARENCY IN SUPPLY CHAINS ACT
The California Transparency in Supply Chains Act of 2010 (the “Act”) requires certain retailers and manufacturers doing business in California to provide information regarding their efforts to eliminate slavery and human trafficking in their supply chains. Forest Diamonds,Inc., is the operator of www.forestdiamonds.com, along with affiliates in the in the USA. In compliance with the Act, this statement is provided on behalf of Forest Diamonds,Inc. (the “Company”).
The Company is committed to the highest standards for lawful, honest, and ethical conduct in all business dealings. This commitment is reflected in various policies and practices that the Company have had in effect for years. For example, the Companys’ Business Conduct Policy provides, among other things, that the Company, its employees, and business partners will strictly observe laws and ethical standards in all of their operations and in every geographical area where they do business.
Verification. The Company purchase diamonds and other materials from suppliers located in the United States,and in foreign countries. The Company generally verify their supply chains by doing business with suppliers that are well-established, reputable organizations that respect the legal requirements of the jurisdictions in which they operate. The suppliers typically have formal business conduct or similar policies, which the Companies review to ensure that they are consistent with the Companys’ policies. The Company believe that their suppliers do not engage in illegal slavery or human trafficking, but the Company do not otherwise engage in verification of product supply chains to evaluate and address the risks of slavery or human trafficking. To the extent that the Company engage in verification efforts, such efforts are not conducted by a third party.
Audits. The Company expect all suppliers to comply at all times with applicable laws and to engage in honest and ethical business conduct. The Company will take immediate action if they find evidence that a supplier is engaging in any illegal activity, including slavery or human trafficking. Except as discussed above regarding verification, the Company do not conduct audits of their suppliers to evaluate compliance with the Companys’ standards regarding slavery and trafficking in supply chains.
Certifications. As discussed above, the Company do business with reputable suppliers that to our knowledge are in compliance with the legal requirements of the jurisdictions where they operate and that typically have formal policies in effect to reinforce that their business activities will be conducted in a legal, honest, and ethical manner. The Company do not require direct suppliers to certify that materials incorporated into our products comply with the laws regarding slavery and human trafficking of the country or counties in which they do business.
Accountability. The Company follow, and require all employees to follow, policies that demand lawful, honest, and ethical conduct in every aspect of business dealings, including a Business Conduct Policy that includes the requirement to comply with all laws, rules, and regulations of the United States and the states, counties, cities and other jurisdictions in which the Company do business. Violation of these policies may result in disciplinary action, up to and including termination of employment, or other legal action as appropriate.
Training. Except as stated above regarding Accountability, the Company do not currently provide employees and management, who have direct responsibility for supply chain management, with training on slavery and human trafficking, particularly with respect to mitigating risks within the supply chains of products.