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CFSI - Conflict Minerals - Guideline of Sundwiger Drehtechnik
Declaration of Principles on Conflict Minerals
In 2012, the US Securities and Exchange Commission (SEC) adopted the final version of its directive on raw materials from crisis areas, the so-called "conflict minerals" (tin, tantalum, tungsten and gold) from the Democratic Republic of Congo or neighbouring countries.
Sundwiger uses these raw materials in the processing of cast iron, bronze and steel. Since Sundwiger does not source these minerals directly from the mines or smelters, we investigate their origin in cooperation with our direct suppliers - a difficult task given the complexity of the international supply chain.
We focus our compliance efforts on the following areas:
•Carrying out an appropriate country of origin assessment in cooperation with suppliers of raw materials or components that may contain conflict minerals.
•Encourage our suppliers to use the "EICC/GeSI" templates (http://www.conflictfreesourcing.org/conflict-minerals-reporting-template/) for conflict minerals reporting as the standard to respond to our requests.
•Use of the OECD is Five-Level Framework to meet our risk-based due diligence regarding the value chain.
If Sundwiger learns that a supplier is products contain minerals from a "source of conflict", we will take immediate action - including a reassessment of the supplier relationship.
If you have any questions about this topic, please contact the management of Sundwiger Drehtechnik GmbH.
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