In 2010, the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act was passed concerning “conflict minerals” originating from the Democratic Republic of the Congo (DRC) or adjoining countries. The SEC published final rules associated with the disclosure of the source of conflict minerals by U.S. publicly traded companies . The rules reference the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, which guides suppliers to establish policies, due diligence frameworks and management systems.
In 2017, Regulation (EU) 2017/821 of the European Parliament and of the European Council of 17 May 2017 was passed concerning supply chain due diligence obligations for Union importers of tin, tantalum and tungsten, their ores, and gold originating from conflict-affected and high-risk areas.
TAYIH KENMOS AUTO PARTS CO., LTD. hereby formulated this Conflict Minerals Policy and makes following commitments:
1. Not to purchase conflict minerals from mines in the Conflict Regions.
2. Request its suppliers to notify their upstream/downstream suppliers to follow Minerals Conflict-Free requirements.
3. Continue our industry leadership and our efforts to source conflict-free minerals from the DRC where possible.