BAC aims to engage its suppliers to commit to comply with worldwide regulations and sustainable development. We embrace business partners that adhere the same sustainability and quality standards as BAC.
We operate sustainably and require the same from our key suppliers. We include in our vendor selection process sustainability criteria to reduce the environmental footprint of BAC.
Policy against modern slavery
We are committed to ethical business practices in all of its commercial dealings and relationships. Consistent with that commitment, BAC has a zero-tolerance approach toward all forms of modern slavery in its operations and in its supply chain. We comply with all laws regarding modern slavery that are applicable to BAC's operations and business locations. BAC has a policy in place against modern slavery, applicable to all persons working for the company or on its behalf. We demand same high standard from the third parties and suppliers with whom we do business.
What are conflict minerals and how is BAC helping eradicate their use?
Conflict minerals are minerals mined in conditions of armed conflict and human rights abuse, notably in the Democratic Republic of Congo and adjacent countries. The “Dodd-Frank Act” is a US regulation that establishes obligations for US stock-listed companies to disclose information about their use of tin, tungsten, gold and tantalum originating from the Democratic Republic of Congo (DRC) and adjacent countries. The aim of this rule is to call for international action to end the conflict mineral trade in DRC as revenues generated by the sale may directly or indirectly finance armed groups engaged in civil war. This leads to serious social and environmental abuses.
Even though BAC is not a stock-listed company on the New York Stock Exchange, we expect our suppliers to source materials from socially responsible suppliers. We expect them to comply with the Dodd-Frank regulation and provide all necessary declarations.