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ModusLink Advances Corporate Social Responsibility With Full Membership In Electronic Industry Citizenship Coalition

Stocks in this article: MLNK

After two years as an applicant member, ModusLink Global Solutions™ Inc. (NASDAQ: MLNK) has become a full member of the Electronic Industry Citizenship Coalition (EICC), which brings a wide range of companies working in the electronics industry together to collectively address issues of social, ethical and environmental concern in the supply chain. EICC’s membership includes the world’s top brands in consumer electronics, enterprise computing, semiconductors and contract manufacturing and more than 40 percent of these leading companies are ModusLink clients.

EICC members adopt a Code of Conduct and an auditing process that is designed to ensure their company operates in compliance with strict guidelines for labor and human rights, worker safety and health, safeguarding the environment, and doing business with a high degree of integrity. Members are also required to have their direct suppliers implement the Code and ModusLink is one of the first supply chain and logistics providers to join the coalition.

“We have long recognized that social and environmental responsibility is an integral part of providing world class service to our clients,” said Scott Crawley, president, global operations, ModusLink. “In fact, this is so important and so widely recognized in the high-tech industry, that it’s becoming a baseline requirement of doing business. Specifically, the EICC Code of Conduct is important to many of our clients and our membership means electronics companies can quickly and easily engage with us for reliable supply chain and logistics services that are verified to be EICC-compliant.”

In addition to ModusLink’s own CSR initiatives, the Company offers many supply chain and logistics services designed to improved clients’ sustainability efforts including:

  • Packaging redesign that can reduce material volume and carbon footprint
  • Component and materials sourcing to eliminate hazardous materials
  • Postponement that reduces transportation costs and carbon footprint
  • Responsible product return, repair and recycling programs, including parts harvesting

Additional Resources

About ModusLink Global Solutions

ModusLink Global Solutions Inc. (NASDAQ: MLNK) executes comprehensive supply chain and logistics services that improve clients’ revenue, cost, sustainability and customer experience objectives. ModusLink is a trusted and integrated provider to the world’s leading companies in consumer electronics, communications, computing, medical devices, software, luxury goods and retail. The Company’s operating infrastructure annually supports more than $80 billion of its clients’ revenue and manages approximately 470 million product shipments through more than 30 sites in 15 countries across North America, Europe, and the Asia/Pacific region. For details on ModusLink's flexible and scalable solutions visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.

This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of EICC membership. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: The Company’s membership in EICC may not have the intended benefits and the Company may not comply with EICC’s requirements in the future, which could result in increased costs to maintain compliance or withdrawal of membership; the Company’s success depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its solutions and services. For a detailed discussion of cautionary statements that may affect the Company’s future results of operations and financial results, please refer to its filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.

ModusLink Global Solutions is a trademark of ModusLink Global Solutions Inc. All other company names and products are trademarks or registered trademarks of their respective companies.



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