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California Transparency Act Disclosure

California Transparency Act Disclosure


v. 20 November 2012

The California Transparency in Supply Chains Act (the "Act") requires certain companies to disclose their efforts (if any) to eradicate slavery and human trafficking from their supply chains. As a responsible corporate citizen, Maxwell Technologies, Inc. (“Maxwell”) fully supports the elimination of human trafficking and slavery from the supply chain.  Maxwell complies with all applicable laws, rules, and regulations where we manufacture products, and expects that our suppliers do so as well. We believe that our business relationships are grounded on a foundation of integrity, honesty and fairness. We develop relationships with carefully selected suppliers who are committed to responsible business practices.  Maxwell does not condone the use of slavery or human trafficking and does not knowingly do business with any supplier who engages in such practice.

For certain suppliers, Maxwell reviews particular aspects of the business and operations practices before engaging the supplier to do business with us on a continuous basis.  Additionally, for these certain suppliers, Maxwell performs on-site audits of the supplier and its facilities to determine if the business and operations practices of the supplier satisfy Maxwell’s missions and goals.  Furthermore, Maxwell is currently reviewing our options in the future, as such things as particularized training, audits, and procedures become available.  As stated in Maxwell’s Code of Business Conduct & Ethics, Maxwell has and continues to declare its support for the Electronic Industry Code of Conduct (the “EICC”) which established standards to ensure that working conditions in the electronics industry supply chain are safe, that workers are treated with respect and dignity, and that business operations are environmentally responsible. Furthermore, Maxwell and its employees therefore agree to actively pursue conformance of our activities to the EICC and its standards.

In addition to the specific items identified above that are more focused on combating human trafficking, Maxwell maintains a robust, broad-based ethics and compliance program. This program addresses values, leadership, training, audits, certifications and accountability. This program is intended to ensure compliance with applicable laws and a culture committed to ethics and integrity in all we do.  Any party having a question or concern with regard to Maxwell’s practices in this regard may contact info@maxwell.com.