To do so successfully, we rely on all CMC employees adhering to CMC’s Guiding Principles, which are as follows:
We are an international metals company committed to delivering industry-leading customer service, providing an environment where our employees can succeed, improving our communities and creating value for our investors.
These Guiding Principles provide the common framework for our decisions, actions and behaviors. They are our universal language—transcending culture and geography. Living our Guiding Principles requires us to meet the highest standards of corporate behavior in all aspects of business—in all regions of the world.
The foundation of our Guiding Principles is integrity and caring for people, which are fundamental to our company. CMC’s approach to issues involving human rights is guided by our Guiding Principles.
As a fundamental principle, we do not employ children or support the use of child labor. We do encourage the creation of educational, training or apprenticeship programs tied to formal education for young people by offering all dependents of employees a $500 scholarship annually, for up to 4 years, along with apprenticeship and co-op programs in all the communities where we have large recycling, mill and fabrication operations. We also offer employees tuition reimbursement for those that are pre-approved by a Regional Vice President.
We believe that people should work because they want or need to, not because they are forced to do so. We prohibit the use of prison labor, forcibly indentured labor, bonded labor, slavery or servitude.
We recognize, respect and embrace the cultural differences found in the worldwide marketplace. Our goal is to attract, develop, promote and retain the best people from all cultures and segments of the population, based on ability. We have zero tolerance for discrimination or harassment of any kind.
We ensure that compensation meets or exceeds the legal minimums and is competitive with industry standards. Our compensation philosophy is clearly communicated to employees and is in full compliance with all applicable laws.
Within the framework of our Guiding Principles, we respect the cultures, customs and values of the people in communities where we operate and take into account their needs, concerns and aspirations.
CMC will communicate this policy and relevant guidance to employees through our established internal communication channels. CMC employees shall have access to CMC’s applicable Corporate Policies, and employees will receive relevant training on how to implement this policy in the scope of their employment.
We empower our employees to make the right decisions, and have established the CMC Code of Conduct and Business Ethics to help our employees understand company policies and guide their actions. An employee who believes that a violation of applicable workplace laws and company policies has occurred may report this information to local management, Human Resources, the Legal Department, or the 24-hour Ethics Hotline Line. Each report to the Ethics Hotline is investigated and, if warranted, remedial actions are taken to address the issues raised.
Compliance with all applicable laws is mandatory, but laws alone do not define our ethical business practices. CMC values open and honest communications, and we encourage all employees to provide their feedback in a constructive manner, including through use of the Ethics Hotline.