The mining of certain raw materials in the Democratic Republic of Congo (DRC) and the adjoining countries partly contributes to significant human rights violations and to the financing of violent conflicts in this region.
Therefore, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act has been passed by the US Congress in 2010 and should contribute to ending these violent conflicts in the Democratic Republic Congo and adjoining countries.
Under this law, companies which are subject to the SEC's supervision (Securities and Exchange Commission) must disclose the extent to which products they produce contain minerals such as tin, tantalum, tungsten and gold.
ITM Components Limited is not subject to the SEC's supervision and thus has no legal obligation to provide information about the use of conflict-free minerals.
However, our company is well aware of its social responsibility with regard to the environment, safety, health and human rights.
Our activities are based on the established frameworks of the Organization for Economic Cooperation and Development (OECD) and other industry initiatives. In support of this policy, ITM Components Limited will:
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- Not acquire any materials that contain minerals that are not conflict-free and whose sale supports the armed conflict in the DR Congo.
- Implement adequate processes to comprehend whether our products contain the minerals mentioned above and is committed to both the traceability of the related goods and the transparency of the supply chain.
- Expect their suppliers (and their suppliers) to exercise due diligence with respect to the source and procurement of tantalum, tin, tungsten and gold, which are contained in components and products sold to ITM Components Limited, and on request can prove the conflict-free origin of these minerals.