Conflict Minerals Policy Statement
Publication Date: June 26, 2018
The term “Conflict Minerals” refers to certain minerals and their derivatives extracted in the eastern province of the Democratic Republic of Congo (“DRC”) and bordering countries (“DRC Region”), whose revenues, directly or indirectly, finance armed groups involved in a civil war that causes serious social and environmental abuses.
In July 2010, the United States passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1502 of this law requires all companies listed on the U.S. stock exchange and their suppliers to disclose the use of a chain of custody for Conflict Minerals (tin, tantalum, tungsten, and gold).
Criser S.A. de C.V. supports this legislation and the efforts to eliminate the use of Conflict Minerals. Criser S.A. de C.V. does not source Conflict Minerals directly from suppliers. Therefore, it has implemented procedures to ensure that the specified metals are only obtained from mines and smelters outside the "DRC Region," or, if sourced from that region, that they come from mines and smelters certified by an independent third party as “conflict-free”.
Specifically:
- Suppliers must pass this requirement down their own supply chain and determine the source of the specified minerals.
- All suppliers of Criser S.A. de C.V. are expected to provide statements regarding Conflict Minerals using the EICC/GeSI Conflict Minerals Reporting Template.
Criser S.A. de C.V. will continue to exercise due diligence and conduct surveys of its suppliers to verify compliance with this policy.