Environmental, Social and Corporate Governance

For us at Diener Precision Pumps supporting the best environmental, social and corporate governance (ESG) practices means:

Conducting business in a socially responsible and ethical manner
Supporting human rights
Protecting the safety of our environment and the people
Following sustainable procurement practices
Respecting and supporting our communities and cultures
Making a positive contribution to society
Maintaining strong and healthy corporate governance practices.

We believe that it is the company’s responsibility to proactively create a work atmosphere that promotes societal improvement, through our employment practices, our purchasing practices, development of sustainable manufacturing techniques and procedures, our respect for the environment, and our community involvement.

Our employees contribute to our ESG programs in a way that promotes the good of our communities but also their own personal development, gaining life skills that they can apply both in the workplace and at home and strengthening our reputation as a preferred employer. Required codes of conduct are defined in our employee handbooks which employees are asked to sign as a condition of employment. Sharing this attitude with our customers earns their respect and will result in strong relationships and long-term business potential. Requiring this attitude from our suppliers ensures they remain/become long-term business partners and help to expand the program further up the supply chain.

Our simple requirement is that our employees and suppliers adhere to this policy in their day-to-day activities, and that our management periodically review and update the policy to keep it relevant in today’s world. This policy is built on existing and emerging standards of responsibility and is grouped by category below.

Business Ethics and Transparency

Diener Precision Pumps conducts its business in an open, honest, and ethical manner. Any form of bribery, extortion, conflict of interest, favoritism, kick- backs, money laundering, and fraud is not tolerated at Diener Precision Pumps or its supply chain.

We share this ESG policy with our partners, suppliers, and customers. Our employee handbooks explain the employee expectations and rules of employment, all of which are based around open communication and common-sense ethics. Diener Precision Pumps protects confidential information, including third-party intellectual property, via non-disclosure agreements and signed contractual agreements. These are stored and backed up on our network and continuously updated with security enhancements. In line with the latest GDPR legislation, Diener Precision Pumps does not carry or store personal financial data.

Human and Labor Rights

Diener Precision Pumps ensures that our employees are treated fairly and with dignity, with consideration for their goals and aspirations, and that diversity in the workplace is embraced. We apply fair labor practices, while respecting the national and local laws of the countries and communities where we operate.

We are committed to providing equal opportunity in all aspects of employment and will not engage in or tolerate unlawful workplace conduct, including discrimination, intimidation, or harassment of any kind.

Diener Precision Pumps has mechanisms in place that support employees to bring matters of attention to management with full confidentiality and without fear of reprisal within an environment that fosters respectful interactions among all co-workers.

Forced labor, human trafficking, and child labor is not tolerated by Diener Precision Pumps nor anywhere in our supply chain. Compensation to workers in our supply chain must comply with applicable wage laws, including relating to minimum wages, overtime hours and legally mandated benefits.

Environment Health and Safety

Diener Precision Pumps complies with all applicable environmental laws and regulations to ensure our operations do not cause any damage to our environment or the safety of others. Following principles of continuous improvement, we work proactively to reduce environmental and resource usage in all areas of our business. This includes management of waste, discharges, emissions, improving energy efficiency during our pump manufacturing process and promoting efficiency improvements in water usage and energy resources. We require our supply chain to act in the same way in this regard.

Furthermore, our products conform to RoHS (Directive 2002/95/EC) and REACH (European Chemicals Agency) Directices. We require that our raw materials conform to the requirements of the United States Government Securities and Exchange Commission (SEC) and section 1502 of the 2010 Dodd- Frank Wall Street Reform and Consumer Protection Act (Conflict Minerals, or CMRT).

Diener Precision Pumps follows all applicable health and safety regulations throughout our production, research and management facilities.

Sustainable Procurement

Sustainable procurement for us at Diener Precision Pumps means managing our supply chain in a way that minimizes risks, both to our business continuity and to the environment. To that extent, we expect our supply chain to conform to the same high standards we abide to. In addition to compliance with RoHS, REACH, and CMRT, we require that our suppliers have policies for these activities:

Reduce their environmental footprint through:

Conservation of resources, including the use of energy, water, and materials
Waste minimization, both within their operations and through reduction of packaging
Reducing the impact of deliveries and maximizing local sourcing

Deliver benefits to society through:

Complying with International Labor Organization (ILO) principles in respect to human rights and conditions of employment
Ensuring that slavery and human trafficking is not taking place in any of their supply chains and in any part of their business

Drive economic growth through:

Considering the life-cycle cost of products
Providing the Living Wage (at a minimum) to employees and contractors

Supporting Our Community/Culture

As a leading global manufacturer of precision gear pumps and micro-metering and dosing pumps, Diener Precision Pumps participates in intern/apprentice programs, giving young adults the opportunity to learn about careers in the engineering and pump manufacturing professions. These young people often continue to be hired and enjoy a long and productive partnership with the company. They live locally, shop locally, donate their time and money to worthy causes, and pay taxes to support the local community.

This policy is reviewed on a regular basis to evaluate continued relevance, monitor compliance, and drive continuous improvement.