Thomson Reuters Foundation Honors NXP with Prestigious “Stop Slavery Award”
November 30 2016 - 2:00PM
NXP Semiconductors N.V. (NASDAQ:NXPI) today announced that the
Thomson Reuters Foundation, the philanthropic arm of the world’s
biggest news and information provider, has awarded NXP with the
Stop Slavery Award in the “Policy and Implementation” category. The
award is the first global recognition for businesses that have
excelled in efforts to eradicate forced labor from their supply
chains. Winners were announced at the foundation’s annual Trust
Women conference, the world’s leading forum for fighting
trafficking and slavery and putting the rule of law behind women’s
rights, held in London earlier today.
NXP was selected for the award because of its deep commitment to
the fight to end modern slavery. Since 2012, the company has made
this a key corporate initiative through its own operations and
across the supply chain. The company was first in its industry to
adopt an “Employer Pays” policy and the first to require its
foreign migrant workers not to release their government-issued
documents to labor agents. Today, NXP pays for all related
recruitment fees, including transportation costs, and provides
lockers to keep its workers’ government-issued documents safe. The
company also carefully selects its recruitment agencies, auditing
them to verify they are not involved in any forms of bonded or
forced labor. In addition, NXP has a dedicated team in place to
ensure compliance to these policies, going well beyond the
first-tier supply chain. This team diligently conducts annual risk
assessments and audits of its factories and suppliers, managing
corrective and preventative actions while working closely with
external stakeholders.
“Modern slavery and debt bondage are serious violations of human
rights and NXP is determined to do what we can to end this,” said
Richard Clemmer, CEO of NXP Semiconductors. “As a technology
provider working with hundreds of suppliers globally, we dug deeply
into our supply chain to ensure our workers are not held hostage by
labor suppliers, making sure that kickbacks and payment demands
from employment agencies are eradicated. Working with our suppliers
to do the right thing – train, audit, institute corrective action
plans, re-audit and motivate – we’ve focused on cooperative
improvement as a corporate strategy and I am very proud of what we
have accomplished to date. We thank the Thomson Reuters Foundation
for their work and for the opportunity to highlight the continuing
efforts NXP is making to bring this abhorrent practice to an end
once and for all.”
Companies from ten global industries were assessed by
independent reviewers according to their policies and practices
with regard to anti-modern slavery. The assessment criteria were
developed using a combination of existing standards, including the
UK Modern Slavery Act and the California Transparency in Supply
Chains Act, as well as other global best practice standards. Based
on overall scores, NXP demonstrated leading practices with evidence
of implementation.
“We created the Stop Slavery Award program to demonstrate that
business is ready to play a critical role to put an end to
modern-day slavery worldwide,” said Monique Villa, CEO of the
Thomson Reuters Foundation. “NXP is a prime example of a large
global company who is taking action, going above and beyond the
current legal requirement to ensure their business is not tainted
by slavery. Their commitment to transparency and the courage they
have shown to speak openly of this issue sets the standard for
others to ensure that the fight against slavery is perceived both
as a human rights priority and a business imperative.”
The Stop Slavery Award was launched by the Thomson Reuters
Foundation, as an action resulting from the 2015 Trust Women
Conference. The aim is to create a virtuous cycle, a positive
paradigm to demonstrate that business can play a critical role in
putting an end to modern-day slavery worldwide.
About NXP SemiconductorsNXP Semiconductors N.V.
(NASDAQ:NXPI) enables secure connections and infrastructure for a
smarter world, advancing solutions that make lives easier, better
and safer. As the world leader in secure connectivity solutions for
embedded applications, NXP is driving innovation in the secure
connected vehicle, end-to-end security & privacy and smart
connected solutions markets. Built on more than 60 years of
combined experience and expertise, the company has 44,000 employees
in more than 35 countries and posted revenue of $6.1 billion in
2015. Find out more at www.nxp.com.
For further information, please contact:
Media:
Jacey Zuniga
jacey.zuniga@nxp.com
+1 512 895 7398
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