Conflict Minerals Policy
Integrity is one of Synopsys’ core values. We believe that running our business with integrity includes supply chain management.
Although we are primarily a software company, we also offer a limited number of hardware products. Like many companies in the semiconductor industry, we are concerned by reports that trade in minerals mined in the Democratic Republic of Congo and surrounding countries (the DRC region) may be funding violent militias that have committed atrocities in those countries. These minerals include tin, tungsten, tantalum, and gold, each of which is often used in semiconductors.
Synopsys supports industry-wide efforts to encourage responsible sourcing of minerals and transparency in supply chains, including efforts by the Electronics Industry Citizenship Coalition (EICC), which has established supply chain standards to promote social, ethical, and environmental responsibility. Furthermore, in 2012, the U.S. Securities and Exchange Commission (SEC) adopted rules under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that require publicly-traded companies to disclose the use of conflict minerals originating from the DRC region in their products. The rules currently define “conflict minerals” as coltan, cassiterite, wolframite and gold, and their derivatives, which include tin, tantalum and tungsten.
Synopsys continues to fully comply with Section 1502 and the SEC rules, and we are committed to working with our direct suppliers to ensure transparency in our supply chain. We expect our direct suppliers to assist us in our ongoing compliance and due diligence efforts. We have implemented a conflict minerals due diligence program that is based on the Organization for Economic Cooperation and Development’s “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.” In support of EICC efforts to promote supply chain transparency, we use the reporting template created by the EICC and the Global e-Sustainability Initiative (GeSI) in conducting due diligence of our suppliers.
Form SD & Conflict Minerals Report
UK Modern Slavery Act Statement
Synopsys is a global leader in providing software, intellectual property and services used by designers along the entire silicon to software spectrum, from engineers creating advanced semiconductors to software developers seeking to ensure the quality and security of their products. We supply electronic design automation software that engineers use to design and test integrated circuits, also known as chips. We also offer intellectual property (IP) products, which are pre-designed circuits that engineers use as components of larger chip designs instead of designing those circuits themselves. We provide software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. To complement these offerings, which are sold primarily to semiconductor and electronics companies, we provide technical services to support our solutions and help our customers develop chips and electronic systems. We are also a leading provider of software tools that developers use to improve the quality and security of software code in a wide variety of industries, including electronics, financial services, energy, and industrials.
Although we are primarily a software, IP, and service provider, we also offer hardware systems that engineers can use to simulate the chips they are in the process of designing. This allows engineers to test and verify the behavior of chips, or begin to develop software for them, before the chips have been manufactured.
Slavery and Human Trafficking
The United Kingdom Modern Slavery Act 2015 requires certain businesses to provide disclosures concerning their efforts to address the issues of slavery and human trafficking in their supply chains. This statement sets out Synopsys' actions to understand potential modern slavery risks in relation to our business, and the steps we have implemented to mitigate the risk of slavery and human trafficking in our business and supply chains.
A key element of Synopsys' success is our strong set of core values: Integrity, Execution Excellence and Leadership. To that end, we are committed to ethical business practices, including conducting operations that are free from human trafficking and forced labor.
Synopsys has a number of policies and practices in place to manage our supply chain in an ethical and socially responsible way.
- Our Code of Ethics and Business Conduct is our roadmap for doing business the right way. We do business the right way when we act ethically and consistently with our core value of integrity, our Code, our policies, and all applicable law. The Code instructs our suppliers and vendors to work ethically, legally and in a manner consistent with the standards of our Code and policies.
- Our Business Partner Code of Conduct is the roadmap for Synopsys Business Partners to do business the right way. By conducting business with Synopsys, each business partner agrees to comply with the Code and to maintain the highest ethical standards under any and all circumstances.
- Our Whistleblower Hotline is available to all Synopsys personnel and third parties and is a dedicated resource for reporting ethics and compliance concerns or suspected violations.
- Our Global Citizenships program is dedicated to strengthening our communities, implementing environmental best practices, and promoting transparency in our supply chain.
This year, we have taken the following actions in support of the Act:
- Updated language in our supplier contracts requiring suppliers to comply with our policies and cooperate with our efforts to verify compliance.
- Amended and restated the Code of Ethics and Business Conduct to include:
- An outline of our commitment to prevent human trafficking and forced labor.
- An expansion of the whistleblower definition to include Synopsys suppliers, vendors, resellers or distributors.
Moving forward, Synopsys will continue to evaluate our processes and procedures to optimize our efforts to preclude the use of slavery and human trafficking in our supply chains.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes Synopsys (Northern Europe) Limited’s slavery and human trafficking statement for the financial year ending October 29, 2016. This statement was approved by the Directors of Synopsys (Northern Europe) Limited on April 28, 2017.