The U.S. Securities and Exchange Commission has amended the Dodd-Frank Act with Section 1502 - Conflict Minerals. This legislation requires U.S. listed companies to annually provide evidence that mineral resources (ores) and their derivatives
- Tantalum,
- Tin,
- Tungsten,
- Gold
do not come from countries where armed conflicts are being carried out.
We are indirectly affected as a supplier and take our responsibility very seriously. We have informed our suppliers that we do not agree to the use of materials from the regions mentioned in paragraph 1502 in products delivered to us. We have also asked the suppliers in question to disclose the origin of the above-mentioned substances and their derivatives and to confirm in writing that the requirements of paragraph 1502 of the Dodd-Frank Act are met.
No violations of section 1502 of the Dodd-Frank Act are apparent from the responses received.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) was enacted in July 2010. Paragraph 1502 of the U.S. federal law establishes annual disclosure and reporting requirements for all U.S. listed companies regarding the use of so-called "conflict minerals". Conflict minerals are raw materials from countries where armed conflicts are taking place. For the purposes of the Dodd-Frank Act, conflict minerals are the raw materials tin, tantalum, tungsten, gold and their derivatives originating from the Democratic Republic of Congo and the neighboring countries.