Richardson Electronics, Ltd..
RELL.US | Wholesale of electronic and telecommunications equipment and parts
Richardson Electronics, Ltd. is a global provider of engineered solutions, power grid and microwave tubes, and related consumable parts; high-value displays, ruggedized tablets, and related parts; customized display solutions; and replacement parts for diagnostic imaging equipment. The company opera...Show More
Better Health for All
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No evidence available to assess Richardson Electronics, Ltd. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Richardson Electronics, Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No relevant data was found in the provided article to assess RELL.US against the 'Fair Pay & Worker Respect' ethical value.
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The article pertains to a different company, Martek Biosciences, and contains no quantitative data or metrics for RELL.US.
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Fair Trade & Ethical Sourcing
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Richardson International Limited, a subsidiary of Richardson, reported zero substantiated instances of forced or child labor identified in internal or third-party reviews for the 2023 reporting year.
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The company's supply chain risk management program includes supplier risk assessments, social responsibility disclosures, audits, and monitoring of supplier compliance.
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Richardson has also undergone the Sedex Members Ethical Trade Audit (SMETA), which validated its programs and training.
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Honest & Fair Business
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The company has a whistleblower policy with a hotline for reporting wrongdoing directly to the Internal Audit Representative or Audit Committee Representative, and employees can also report anonymously to the Audit Committee Chairman.
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The policy states that employees can report without fear of reprisal and prohibits retaliation against those who report concerns in good faith.
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The company had related-party transactions in 2013 and 2014 that were not initially disclosed but were later disclosed in an August 2015 proxy statement after a change in auditors.
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A special committee investigated these transactions and expressed concerns about the accuracy of certain disclosures.
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The company's clawback policy allows for recovery of incentive-based compensation in the event of fraud, illegal conduct, or material non-compliance with financial reporting requirements.
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The Audit Committee is comprised of five independent directors, and all members of the Audit, Compensation & Governance, and Nominating Committees are independent in accordance with applicable laws and Nasdaq rules.
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The company commits to complying with the FCPA, UK Bribery Act, and OECD Anti-Bribery Convention, prohibiting bribery and kickbacks in all transactions worldwide.
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The Code of Conduct contains standards for related party transactions, but the Board retains discretion.
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The Audit Committee relies on the work of management and the independent registered public accounting firm, BDO USA, P.C., for auditing consolidated financial statements.
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The company reserves the right to conduct audits or inspections, directly or through third-party auditors, to verify supplier compliance with prohibitions on forced labor and conflict minerals.
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Kind to Animals
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The provided articles do not contain any specific, concrete data points or measurable outcomes relevant to Richardson Electronics, Ltd.'s performance on any of the 'Kind to Animals' KPIs.
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Information regarding cruelty-free certifications, animal testing, humane operations, measurable wildlife conservation impact, ethical input substitution, supplier audits for welfare, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free alternatives, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare is absent.
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Therefore, no KPIs can be scored based on the evidence provided.
No War, No Weapons
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Richardson Electronics has a Conflict Minerals Policy Statement, last updated November 29, 2023
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, committing to sourcing tantalum, tungsten, tin, gold, mica, and cobalt only from ECC/GeSI validated smelters, and not from countries recognized for human rights violations.
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The company requires its suppliers to ensure products contain metals only from these validated smelters, achieving 100% certification for these materials.
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Furthermore, the company's supplier agreements include a prohibition on any form of slave, servitude, forced, compulsory, or child labor, or human trafficking within their organizations and their subcontractors.
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Non-compliance with this provision will result in immediate termination of the supplier relationship and potential legal action.
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Planet-Friendly Business
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No specific, quantifiable evidence was found in the provided articles that directly pertains to the operational environmental performance of Richardson Electronics, Ltd. (RELL.US) for any of the Planet-Friendly Business KPIs. Articles detailing environmental initiatives and metrics were found for other entities named 'Richardson Pioneer' or 'Richardson International', which are distinct agricultural companies, and thus were not used for RELL.US.
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The articles explicitly about RELL.US (Articles 1, 3, 4) either stated no reports were available or provided general commitments and product offerings without specific, measurable data points for the defined KPIs.
2
Respect for Cultures & Communities
10
The company has no reported cultural appropriation incidents and no specific cultural impact assessment protocol, which aligns with its business model.
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It provides a general hotline for reporting wrongdoing and business conduct, which serves as a standard grievance mechanism.
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The company does not mention indigenous communities or FPIC processes, indicating it may not be applicable to its operations.
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Richardson Electronics established the Richardson Wildlife Foundation in 1989, which received an initial land donation of 250 acres from Edward J. Richardson.
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This foundation focuses on habitat restoration in the Grand Prairie Division of Illinois, including part of the historic 30,000-acre Inlet Swamp, demonstrating active protection measures for cultural sites.
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Safe & Smart Tech
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Richardson Electronics invested $0.5 million in cybersecurity maintenance in fiscal year 2023, against a total revenue of $168.8 million for the same period, which calculates to approximately 0.296% of revenue.
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The company states compliance with major privacy regulations including GDPR, CCPA, CPRA, and LGPD.
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Users can contact the company to update, access, correct, or delete personal information and opt-out of marketing emails.
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Data retention is for the duration of the purpose for which it was collected and as required by law.
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The company uses encryption for sensitive credit information transmitted via Authorized.net/CyberSource and generally states it maintains account security.
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Zero Waste & Sustainable Products
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Richardson Electronics states it is implementing a formal environmental management system for its worldwide facilities and has waste reduction programs in production facilities, including recycling materials and implementing energy-efficient machinery.
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The company also takes proactive measures to reduce hazardous materials and is committed to complying with legal obligations.
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It aims to design products for longevity, repairability, and eventual recycling, integrating circular economy principles into its product design.
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The company partners with suppliers who demonstrate strong environmental practices and sources recycled or sustainably produced materials.
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Richardson Electronics has a stated goal to reduce industrial carbon emissions by 30% by 2030.
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