In August 2012, the U.S. Securities and Exchange Commission published regulations implementing Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding the use of “conflict minerals”.
The term “conflict minerals” is defined in the Dodd-Frank act as tantalum, tin, gold and tungsten (also known as 3TG) or their derivatives, mined in the Democratic Republic of the Congo (DRC) and in the adjoining countries* where the revenues of those minerals may directly or indirectly finance armed groups engaged in civil war causing serious social and environmental issues.
Some Nexans products may contain tin or gold. Nexans is determining, with the support of its suppliers (EICC-GESI** Conflict Minerals Reporting template), the origin of these minerals for those products.
Nexans policy on Conflict Minerals:
- Nexans is committed to take actions to avoid illegal and unethical metal sourcing from DRC and adjoining countries.
- Nexans requests its suppliers to comply with the Dodd-Frank regulation, and in this regard, that the said suppliers have processes in place aimed to ensure that 3GT contained in products do not originate from mines within the DRC and the surrounding region.
- Suppliers are requested by Nexans to determine the source of specified minerals and for that purpose to pass this requirement through their own supply chain.
- If Nexans becomes aware of a supplier whose supply chain includes metals from a conflict source, the Group will take appropriate actions to remedy the situation.
* Angola, Burundi, Central African Republic, the Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda and Zambia.
** Electronic Industry Citizenship Coalition - Global e-Sustainability Initiative