OECD Annual Compliance

OECD STEP 5 ANNUAL REPORTING
Company Name & Address: A.JAFFE
50 West 47th Street, Suite
1901, New York, NY 10036
Date: 25 July, 2021
Reporting Period: January to December 2020
OECD DUE DILIGENCE GUIDANCE ACTION TAKEN
Step. 1. Establishing Strong Company Management Systems
1.A Adopt and clearly communicate to suppliers and the public company policy for the supply chain of mineral originated from conflict affected and high risk areas.

A.JAFFE's legacy dates back to its founding in New York City in 1892. The brand's rich heritage spans across the Jazz Age and Art Deco period, through two world wars and into a new millennium. The historic American bridal brand is recognized for its iconic Signature Shank and Quilts® Interior , design features that provide superior balance, a luxurious fit, and minimize twisting of the ring on the finger
1. B Structure internal management system to support supply chain due diligence

A. JAFFE’s has established strong internal risk assessment to ensure that all its supplies are conflict free and ethically sourced.

Company has carried out countrywide risk assessment and supplier wise risk assessment in accordance with the OECD requirements
1.C. Establishing system of controls and transparence over the minerals supply chain.

Suppliers are requested to share the information, which is analyzed to identify potential risk of CAHRA”s if any.
1.D. Stringent company engagement with suppliers.

Regular communication and awareness are carried out with suppliers (upstream suppliers). Ongoing monitoring is carried and two way communications are carried out to strengthen the supply chain.
1.E. Establishing a company-level or industry wide grievance mechanism as an early warning risk-awareness system.

Grievance mechanism has been established and published on the web site of the company.

Company level employee training and awareness is carried out on an annual basis on the ethical sourcing as per OECD five step framework and training by circulation is done on a periodic basis.
Step. 2. Identify And Assess The Risk In The Supply Chain
2. Identify and assess the risks in the supply chain and assess risk of adverse impact.

Company has established a strong ongoing monitoring system for each and every transaction and annual review of declaration and information exchanged are carried out. Ongoing due diligence for KYC and other supply chain information is carried out.
Step. 3. Identify And Assess The Risk In The Supply Chain
3.1. Report findings of the supply chain risk assessment to the designated senior management of the company.

Compliance officer shall review all the transactions and where queries are raised or red flags raised.
3.2. Device and adopt risk management plan.

Compliance officer shall seek the additional information and after its review further decision of raising CARA shall be issued.
3.3. Implement the risk management plan and monitor the performance of the risk mitigation efforts.

Compliance officers shall monitor the effectiveness Mitigation actions taken and revised status of the associate risk if any.
3.4. Internal Training.

Regular training is carried out among all the affected employees.
3.5. Communication.

Period communication is sent across the supply chain for increasing awareness about ethical sourcing as per OECD regulations.
Step. 4. Optional Information On Step 4
4.1. RJC COP Audit done on & Done By.

Audit is scheduled by RJC approved auditor during
4.2. Grievance and recommendation.

Nothing reportable. We have provided public accesses for reporting grievances, through our website and the stakeholders are been communicated.