BACKGROUND/INTRODUCTION:
On August 22, 2012, the Securities and Exchange Commission adopted Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Conflict Minerals Law”). The Conflict Minerals Law requires all publically traded companies to report annually to the SEC.The law is meant to end the trade in minerals produced in areas of armed conflict and human rights abuses ? so-called conflict minerals. The DRC is rich in tantalum, tin, tungsten and gold (3TG) – widely used in manufacturing, including electrical and electronic products.
We at Whizz Systems fully support the objectives of this legislation, and committed to support our customers in ensuring that the products we manufacture meet the requirements of the Conflict Minerals Law.
In July 2010, US President Barack Obama signed the “Dodd-Frank Wall Street Reform and Consumer Protection Act” that includes section 1502(b) on Conflict Minerals.
PURPOSE:
This document contains Whizz Systems policy regarding Conflict Minerals in our supply chain. Whizz Systems supports the action of Electronics Industry Citizenship Coalition (EICC)/ Global e-sustainability Initiative (GeSI) team to maintain and strive to collect the sourcing information related to “Conflict Minerals”.
SCOPE:
This document defines due diligence requirement and expectation of our supply chain.
POLICY STATEMENT:
Whizz Systems values the Conflict Material program is committed to source and materials from companies that share same values and commitment to abide by the requirements of our Supplier Code of Conduct, legal standards and regulatory requirements which prohibits human rights abuses and unethical practices.
Whizz System requires& has enforced on all of our suppliers to provide us with completed conflict minerals declarations using the EICC/GeSI Conflict Minerals Reporting Template / Declaration in accordance with the policies and procedures in place to ensure that products and parts with information to confirm that all 3TG supplied to Whizz Systems is DRC Conflict-free.
