What are conflict minerals?
Conflict minerals are minerals that are mined in areas of armed conflict and human rights abuses, which are sold, traded or used to finance armed groups. US legislation and OECD due diligence guidelines currently define conflict minerals as cassiterite, coltan, wolframite and gold, which are mined in the Democratic Republic of Congo or adjoining countries and fund conflict. These four minerals are commonly referred to as 3TG. This policy shares our approach to managing conflict minerals in a line with all legal requirements and international good practice.
In August 2012, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act was amended to include requirements for public trading companies, which are subject to Securities Exchange Commission reporting, to produce an annual conflict minerals report.
How is beltronic IPC AG managing conflict minerals?
As a manufacturer of products that contain 3TG, we understand the importance of avoiding conflict minerals and are committed to sourcing components and materials from companies with shared values arround human rights, ethics and environmental responsibility. Our goal is to ensure conflict-free sourcing. We engage our suppliers to raise awareness with respect to the risk of conflict minerals.
We expect our suppliers to demonstrate their commitment to conflict minerals management and provide reasonable assurance that the components with 3TG provided to us are conflict free. Our suppliers have to use the EICC/GeSI Conflict Minerals Report Template (CMRT) to identify relevant 3TG smelters in the supply chain. beltronic IPC is only accepting components which are free of conflict minerals, this has to be proven by the supplier.
