Mioro Supply Chain and Code of Conduct Policy


PL.07| Publication Date:20.12.2017 | R.02 | Last Revised Date: 23.12.2024

 

Overview

Mioro is committed to operating as a responsible and ethical jewelry manufacturer and exporter, delivering value to its stakeholders while upholding high standards in social, ethical, and environmental principles. We recognize the direct and indirect impacts of our business activities, particularly through our supply chain.

This Advanced Supply Chain and Code of Conduct Policy outlines our expectations for all suppliers and business partners, including their suppliers, to abide by the standards set by Mioro. Compliance with this policy is a fundamental requirement for doing business with Mioro.

Our Commitment to Suppliers

Mioro is dedicated to maintaining stable, sustainable, and long-term relationships with suppliers and business partners. We commit to adhering to this policy in our own operations and expect the same throughout our supply chain.

Conflict-Free Sourcing of Precious Metals

Mioro ensures that all precious metals used in our operations are responsibly sourced and free from conflict. This includes compliance with international standards and initiatives such as:

  • – LBMA Responsible Gold Guidance
  • – DMCC Rules for Risk-Based Due Diligence in the Gold and Precious Metals Supply Chain
  • – OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including Annex II
  • – Signet Responsible Sourcing Protocol (SRSP)

Supplier Obligations

1. Traceability and Due Diligence

  • – Establish robust systems to trace all precious metals to their source of origin.
  • – Conduct due diligence to identify and mitigate risks of contributing to armed conflict, human rights abuses, or illegal activities.
  • – Maintain compliance with OECD’s Five-Step Framework for Risk-Based Due Diligence and implement strong risk mitigation strategies.

2. LBMA Compliance

  • – Adhere to the LBMA Responsible Gold Guidance and provide evidence of chain-of-custody documentation for sourced gold.
  • – Conduct regular audits and obtain certifications validating compliance with LBMA standards.

3. DMCC Compliance

  • – Abide by the DMCC Rules for Responsible Sourcing, ensuring precious metals are not linked to money laundering, terrorist financing, or other illicit activities.
  • – Implement risk mitigation strategies, including comprehensive Know Your Customer (KYC) checks and supplier assessments.

4. Signet Responsible Sourcing Protocol (SRSP)

  • – Conflict-Free Sourcing: Precious metals must not originate from conflict-affected areas unless responsibly sourced and fully documented.
  • – Due Diligence: Suppliers must conduct enhanced due diligence to ensure compliance with SRSP guidelines.
  • – Documentation and Transparency: Suppliers must provide all necessary documentation, including chain-of-custody records, risk assessments, and audit reports.
  • – Audits: Suppliers are required to participate in independent third-party audits to validate compliance with SRSP standards.
  • – Risk Management: Implement risk mitigation strategies to avoid supporting armed conflict, corruption, or human rights abuses.

5. OECD Annex II Commitment

  • – Avoid contributing to conflict financing or benefiting armed groups.
  • – Prevent involvement in human rights abuses, such as forced labor, child labor, or other unethical practices.
  • – Avoid corruption, money laundering, or bribery in the precious metals trade.
  • – Mitigate risks of providing support to non-state armed groups or security forces engaged in illegal activities.

6. Provenance Claims

  • – Supported by documented criteria, including supplier certifications, chain-of-custody evidence, and declarations of compliance with RJC and LBMA standards.
  • – Validated through internal and external audits to ensure their accuracy and compliance.
  • – Transparent and traceable, with systems in place to segregate compliant materials from non-compliant sources.

7. Risk Management and Remediation

  • – Identify and address risks through appropriate corrective actions, including disengagement from non-compliant suppliers if necessary.
  • – Cooperate with Mioro to implement remediation measures for any adverse impacts identified in the supply chain.

8. Audit and Reporting

  • – Suppliers must participate in third-party audits to verify compliance with LBMA, DMCC, SRSP, and OECD Annex II requirements.
  • – Report any instances of non-compliance promptly to Mioro, along with a proposed corrective action plan.

9. Legal Compliance

  • – Suppliers must comply with all applicable national laws and regulations and respect fundamental international labor standards, including the International Labour Organization (ILO) conventions and the Universal Declaration of Human Rights. Where this policy and national law address the same issue, the higher standard must be applied.

10. Environmental Responsibility

  • – Implementing environmental management systems aligned with ISO 14001.
  • – Reducing carbon emissions and waste while promoting recycling initiatives.
  • – Ensuring sustainable use of natural resources and minimizing environmental impacts.

11. Product Integrity and Transparency

  • – All materials used in Mioro products must be certified for authenticity and compliance with RJC-CoC standards.
  • – Accurate product disclosure is required to build trust and ensure transparency with customers.

Monitoring and Communication

  • – Suppliers are encouraged to implement self-monitoring systems to ensure compliance with this policy.
  • – Mioro may request information or conduct audits, including independent third-party verifications, to assess supplier compliance.
  • – Suppliers are responsible for communicating the principles of this policy to their employees and own supply chains.

Compliance and Accountability

  • – Failure to comply with this policy may result in the termination of the business relationship with Mioro.
  • – Mioro is committed to working collaboratively with suppliers to address challenges and improve practices where necessary.

Policy Review and Updates

  • – This policy will be reviewed annually or as needed to reflect updates to RJC standards, industry regulations, or Mioro’s operational goals.

Contact Information

For questions or further information regarding this policy, please contact:

Mioro Compliance Team

Email: compliance@mioro.com.tr

 

 

              

                                                                                                                                                          Last Revised Date: 23.12.2024

                                                                                                                         APPROVED BY THE BOARD OF DIRECTORS

                                                                                                                      Mioro Hediyelik Eşya San. Ve  Tic. A.Ş.