The Nobles of Global Trade
Davis Trade & Commodities is committed to the responsible sourcing of minerals through our global supply chain. In 2012, the U.S. Securities and Exchange Commission (“SEC”) issued rules implementing the “conflict minerals” disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). Under these rules, we are to report annually to the SEC on our use of conflict minerals (tantalum, tin, tungsten, and gold) originating in the Democratic Republic of Congo (“DRC”) or any of the DRC's adjoining countries in products manufactured by the Company.
Underlying the Dodd-Frank disclosure requirements is a concern that conflict minerals originating in the DRC or adjoining countries may be mined and sold by armed groups to finance civil violence. These minerals can make their way into the supply chains of the products used by consumers and businesses around the world. Tracing these minerals in the international supply chain is complex.
We currently focus our compliance efforts in the following areas:
We also continue to engage with trade associations and RMI to benchmark our processes and share best practices.
We recognize these rules have required, and will continue to require, time and effort on the part of our suppliers. We appreciate their ongoing support in this important effort. Periodic updates to Davis Trade & Commodities supply chain guidance can be found on our Supply Chain Sourcing website.
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