Conflict Minerals Policy
Conflict Minerals Policy Statement
On 22 August 2012, the Securities and Exchange Commission (SEC) published final regulations implementing the ‘conflicts minerals’ reporting obligations under section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The act addresses the use of certain minerals, characterized as conflict minerals, including tin, tantalum, tungsten or gold, in the products they manufacture or contract to manufacture, and to demonstrate the proper level of due diligence in determining whether these minerals originated from the Democratic Republic of the Congo (DRC) or any adjacent country.
Specac Limited is committed to the responsible sourcing of materials through our supply chain, although the Company itself is not subject to the rules and reporting requirements of the Security and Exchange Commission of the United States of America.
Where our customers are required to comply with the 'conflicts minerals' reporting requirements, we are committed to ensuring that our suppliers support our efforts by conducting reasonable country-of-origin enquiries, in order to meet these requirements. Through close collaboration with our suppliers we are committed to ensuring that we only source materials confirmed as being from ‘conflict free’ sources.
1st March 2016