1. What is “Conflict Minerals” ?
Conflict minerals are defined as tantalum, tin, tungsten and gold originating in the Democratic Republic of the Congo or adjoining countries (DRC). There is concern that armed groups are using the proceeds from the sale of conflict minerals to fund conflicts and worsen the emergency humanitarian crisis in that region. To address these issues, the United States enacted a rule under the Dodd-Frank Act which requires publicly held companies to disclose their use of conflict minerals and ensure responsibility in their mineral supply chain.
2. Conflict Minerals Position Statement
As a manufacturer and leading supplier of configurable and fixed components for the factory automation, press die, and plastic mold industries, MISUMI provides thousands of customers with over one million products. MISUMI supports the Act’s goal of ending violence, human rights violations, and environmental devastation in the specified countries. We are committed to supporting our customer’s activity to comply with the conflict minerals rule and other requirements under the Act. Thus, to assist our valued customers that may be engaged in due diligence regarding compliance with the Act, we are sharing this Conflict Minerals Position Statement.
3. Expectations for Suppliers
In support of MISUMI's position on conflict minerals, suppliers are expected to supply materials to MISUMI that are "DRC Conflict-Free". MISUMI's suppliers are expected to support industry requirements to heighten traceability efforts and are expected to exercise responsible practices in conflict mineral supply chains. MISUMI's suppliers are expected to understand the source of any conflict minerals used in our products, source responsibly, and not knowingly provide MISUMI with any products containing conflict minerals. Please be advised that the most recent version of the Conflict Minerals Reporting Template (CMRT) can be found, along with training materials, at www.conflictfreesmelter.org.
It has been, and always will be, MISUMI's goal to be a good corporate citizen and support our valued customers to the best of our ability. We continuously update and enhance our compliance efforts and will continue to share relevant information to our customers. Should you have any questions or require further information, please contact your local MISUMI Sales Representative or Compliance Specialist.