According to Article 1502 of the U.S financial regulatory reform bill (Dodd-Frank Wall Street Reform and Consumer Protection Act) enacted on July 21, 2010, listed U.S. companies that require conflict minerals*1 from the Democratic Republic of the Congo (DRC) and adjoining countries for their product functions or production are now obliged to specify and report to the U.S. Securities and Exchange Commission (SEC) whether the said conflict minerals come from the DRC and adjoining countries.
The purpose of Article 1502 of said Act is to prohibit from providing any fund or profit, either directly or indirectly, for militia groups which are involved or will be involved as assailant in the conflict caused serious violation of human rights.
The TAIYO YUDEN Group, under this purpose, will aim procurement without being involved in the said conflict.
Accordingly, the TAIYO YUDEN Group will request its suppliers to understand the TAIYO YUDEN's procurement policy above and cooperate with the survey on the procurement process, and furthermore to procure minerals from the smelters approved to be compliant with the Conflict-Free CFSI program or other internationally recognized frameworks.
The content of survey conducted by the TAIYO YUDEN Group*2 will be disclosed to its customers.
- Conflict minerals = tantalum, tin, tungsten, gold or their derivatives
Contents of the survey using the "CFSI Conflict Minerals Report Template"
CFSI: Conflict-Free Sourcing Initiative (An initiative of the EICC and GeSI)
EICC: Electronic Industry Citizenship Coalition
GeSI: Global e-Sustainability Initiative
TAIYO YUDEN CO., LTD.
Operating Officer, in charge of Global SCM Center