TowerJazz Social Responsibility
Social code based on EICC code
Purpose and Scope
These policies apply to Tower Semiconductor Ltd., Tower Semiconductor USA Inc. and Tower Japan with respect to all businesses, countries and regions (the “Company”).
- Tower Semiconductor has adopted the EICC code (Electronic, Industry Code of Conduct), this statement present the main EICC ideas, and the Israel labor law.
- The Company’s managers are expected to lead the Company according to the Company’s standards social conduct, in both words and actions.
Management System
Company Commitment — Corporate social and environmental responsibility statements affirming Tower commitment to compliance and continual improvement.
Management Accountability and Responsibility — Identified company representative responsible for ensuring implementation and periodic review of the status of the management systems.
Legal and Customer Requirements — Tower committed to Identify, assimilate , monitor and understanding of applicable laws, regulations and customer requirements.
Risk Assessment and Risk Management — There is a process to identify the environmental, health and safety and labor practice risks associated with Tower operations.
Performance Objectives with Implementation Plan and Measures — Therearewrittenstandards,performanceobjectives,targetsand implementation plans including a periodic assessment of Tower’s performance against its objectives.
Training — There are programs for training managers and workers to implement Tower’s policies, procedures EHS and improvement objectives.
Communication — There is a process for communicating clear and accurate information about Tower’s performance, practices and expectations to workers, suppliers and customers.
Worker Feedback and Participation — Tower has ongoing processes to assess employees understanding of and obtain feedback on practices and conditions covered by this code and to foster continuous improvement.
Audits and Assessments — Tower has periodic self-evaluations to ensure conformity to legal and regulatory requirements, the content of the Code and customer contractual requirements related to social and environmental responsibility.
Corrective Action Process — Tower has process for timely correction of deficiencies identified by internal or external assessments, inspections, investigations and reviews.
Documentation and Records — Creation of documents and records to ensure regulatory compliance.
Ethics
Business Integrity — The highest standards of integrity are expected in all business interactions.
No Improper Advantage — Bribes or other means of obtaining undue or improper advantage are not to be offered or accepted. Disclosure of Information. Information regarding business activities, structure, financial situation and performance is disclosed in accordance with applicable regulations and prevailing industry practices.
Intellectual Property — Intellectual property rights are respected; transfer of technology and know how is done in a manner that protects intellectual property rights.
Fair Business, Advertising and Competition — Standards of fair business, advertising and competition are upheld.
Protection of Identity — Programs that ensure the protection of supplier and employee whistleblower confidentiality are maintained.
Community Engagement — Community engagement is encouraged to help foster social and economic development.
