Sustainability & Ethical Business Practices Policy

1. Overview

Astrodyne TDI is committed to sustainability, ethical business conduct, and corporate integrity. This Corporate Social Responsibility (CSR) policy establishes our dedication to environmental stewardship, community engagement, employee welfare, ethical business practices, and transparent corporate governance. It serves as a framework for continuous improvement, ensuring that our operations contribute to a sustainable future.

 

2. Policy Objectives and Scope

2.1 Objectives:

  • Environmental Sustainability: Reduce our carbon footprint through energy-efficient operations, waste reduction, water conservation, and sustainable product development.
  • Community Engagement: Strengthen local partnerships, support educational and workforce development initiatives, and encourage employee volunteerism.
  • Employee Welfare: Maintain a safe, healthy, and inclusive workplace that fosters personal growth and work-life balance.
  • Ethical Business Practices: Enforce fair labor practices, strict anti-corruption measures, and a robust Supplier Code of Conduct.

2.2 Scope:

This policy applies to all Astrodyne TDI employees, suppliers, contractors, and business partners worldwide and serves as the guiding framework for our operational practices.

 

3. Commitment to Our Employees

3.1 Health, Safety, and Well-being:

  • Maintains a safe work environment with rigorous safety standards, training, and emergency preparedness.
  • Provides mental health resources, wellness programs,  and health screenings.

3.2 Professional Development:

  • Supports participation in Warren Community College’s Free Business Skills Training Program for NJ-based employees.
  • Offers skill enhancement opportunities to promote career advancement and workplace efficiency.
  • Provides tuition reimbursement for employees pursuing specific advanced degrees.
  • Implementation of an internship program to develop the next generation of industry leaders.

3.3 Work-Life Balance:

  • Implements flexible work arrangements and supportive policies to help employees balance professional and personal responsibilities.

4. Commitment to Our Environment

4.1 Sustainable Operations:

  • Energy-Efficient Lighting Solutions: Astrodyne has transitioned to LED lighting, reducing greenhouse gas emissions by 80% while improving overall energy efficiency.
  • Charging Points for Electric Vehicles: Over the past three years, Astrodyne has installed and expanded a network of over 10 EV charging stations to support sustainable transportation for employees.
  • Lean Manufacturing: Continuously optimizes processes to minimize waste and energy consumption.
  • WEEE Compliance: Adheres to the Waste Electrical and Electronic Equipment (WEEE) directive for responsible recycling and disposal.

4.2 Waste Management and Recycling:

  • Partners with local recycling specialists manage materials such as scrap metal, glass, paper, plastic, and chemicals to reduce environmental impact and operational costs.

4.3 Water Conservation:

  • Between 2019 and 2024, Astrodyne has prioritized water conservation through the installation of low-flow fixtures and touchless faucets to minimize water waste and promote hygiene.

4.4 Sustainable Product Development:

  • Develop energy-efficient power and EMI filter solutions aligned with clean energy goals, including liquid-cooled solutions like LiquaBlade, LSM, and Kodiak Series.
  • Designs EMI filter systems such as the RP680, RP681, RP692, and RP695 series to support the renewable energy market, including wind, solar, and EV.
  • Complies with the Restriction of Hazardous Substances (RoHS) directive, limiting hazardous materials.
  • Adheres to ISO 14001 standards to support responsible environmental practices.


5. Commitment to Our Community

5.1 Community Health & Well-being:

  • CSA Program: Partners with Ort Farms to provide employees with fresh, locally sourced produce.
  • Blood Donation Drive: Encourages employees to participate in life-saving blood donation initiatives.
  • Food Drive Initiative: Supports the Mt. Olive Food Pantry to address food insecurity.
  • Toys for Tots Drive: Collects and donates toys to children in need during the holiday season.

5.2 Local Partnerships & Philanthropy:

  • Collaborates with local nonprofits to address community challenges and support development.
  • Promotes STEM education through scholarships, mentorship programs, and internships.
  • Encourages employee volunteerism through structured programs.

5.3 Diversity & Awareness Initiatives:

Observes and promotes awareness around cultural, health, and historical events, including:
  • Black History Month, Hispanic Heritage Month, Indigenous Peoples' Day, Veterans Day.
  • American Heart Health Month, Diabetes Awareness Month, and Early Detection Awareness.
  • Martin Luther King Jr. Day, Patriot Day (9/11), Grandparents Day, Cultural Heritage Day, Cinco De Mayo.

6. Ethical Business Practices

6.1 Fair Labor & Anti-Corruption Measures:

  • Enforces fair labor policies, guaranteeing fair wages, safe working conditions, and compliance with labor laws.
  • Maintains a zero-tolerance policy for corruption, extortion, and bribery, in compliance with the U.S. Foreign Corrupt Practices Act (FCPA).

6.2 Supplier Code of Conduct:

Astrodyne requires all suppliers to adhere to ethical standards, including:

  • Compliance with local, national, and international laws.
  • Prohibition of bribery, extortion, and improper payments.
  • Fair labor practices, including wages, working conditions, and non-discrimination.
  • Environmental sustainability efforts to minimize waste and conserve resources.
  • Protection of confidential business information.

6.3 Regulatory Compliance & Transparency:

  • Adheres to internationally recognized standards, including ISO 9001, ISO 13485, ISO 14001, ROHS, and REACH.
  • Maintains a whistleblower policy to protect employees reporting unethical practices.

7. Corporate Governance & Accountability

  • Enhancing transparency with quarterly town halls presented by the CEO

7.1 Ethical Leadership & Stakeholder Engagement:

  • Guided by a Business Code of Conduct that emphasizes integrity, fairness, and accountability.
  • Maintains open dialogue with employees, suppliers, and community representatives to refine CSR initiatives.

7.2 Monitoring & Continuous Improvement:

  • Establishes performance metrics to track environmental, social, and ethical initiatives.
  • Conducts regular audits and stakeholder reviews to ensure alignment with best practices.
  • A CSR Committee oversees policy implementation and ongoing improvements.

8. Implementation & Review
  • Provides training programs to ensure employees and partners understand their responsibilities under this policy.
  • Conducts annual reviews based on stakeholder feedback and internal assessments to adapt to new challenges and opportunities.

By implementing this policy, Astrodyne TDI reaffirms its commitment to corporate sustainability, ethical business practices, and social responsibility, thereby ensuring a lasting positive impact on its employees, the community, and the environment.