Code of Conduct

In our quest to be the world's best supplier of CNC equipment, Tormach is committed to providing products and services of superior quality and value to its customers. It is vital for our suppliers to understand that Tormach expects the highest standard of conduct. Our standards set forth fundamental principles and policies to which all of our suppliers must adhere. Tormach will always strive to treat our suppliers ethically, honestly and fairly.


 

Communication

Tormach expects the suppliers to communicate these standards to their employees and business partners to ensure they are followed.


 

Offer of Payments, Loans, Entertainment and Gifts by Supplier

Our business relationships are based on superior value of goods and services that we buy from our suppliers. Our policy on gifts and entertainment is clear - no gift, favor or entertainment is needed to conduct business with Tormach. Suppliers must not offer or provide any payment, loan, service, gratuity, gift, personal travel or other favors of more than nominal value to any Tormach employee.


 

Commercial Bribes or Political Donations

Commercial bribery is illegal and subject to criminal penalties in many countries, including United States. Tormach prohibits all bribes, kickbacks or other unlawful or improper methods of remuneration to be given to any of our employees. Additionally, no supplier is allowed to make any payments for or on behalf of Tormach or with funds provided by Tormach to any official of a government or government agency.


 

Use and Protection of Tormach Intellectual Property

Tormach looks to our suppliers to safeguard our designs and technical information. Most products manufactured for Tormach are exclusive and cannot be sold to other companies or trading agents, whether domestic or international. Our market is the world and we go to market with our manufacturing partners supporting us, not in competition with us.


 

Tormach Responsible Sourcing Principles

The impacts of our purchasing stretch around the world. We engage with our suppliers to reduce reputational risks, secure the supply of quality goods and services, provide employment and improve standards of living, especially in developing communities. Tormach is committed to implementing Responsible Sourcing Principles into our supplier assessment procedures to ensure that basic human rights are respected throughout our supply chain and has adopted the following Responsible Sourcing Principles.


 

Business Conduct

Suppliers must deal openly and fairly with Tormach and adhere to contract terms.


 

Working Conditions

Supplier’s policies and procedures for health and safety must, at a minimum, meet legal requirements, and where such legal requirements do not exist, the policies and procedures must be sufficient to protect the well-being of the employees.


 

Employment

Forced or compulsory labor is strictly prohibited.


 

Child Labor

In accordance with ILO conventions, children may only be employed in circumstances that fully safeguard them from potential exploitation, that protect them from moral or physical hazards and long term damage to health and that do not disrupt their education.


 

Wages and Hours

Wages paid must not be lower than that required by local law, or in the absence of local law, the level paid generally within that industry. Also, hours of work must conform to local law, or in the absence of local law, the norm within that industry; however the hours of work must not be excessive.


 

Freedom of Association

Supplier’s employees are to be free to join lawful associations.


 

Environment

Tormach continually strives to improve environmental quality of our systems and our products. We strive to do business with suppliers who share our philosophies and commitments to the environment. Suppliers must comply with environmental laws and show sensitivity to other environmental issues that may impact local communities and / or Tormach.