Conflict Minerals and Responsible Minerals Sourcing Policy Statement
The U.S. Securities and Exchange Commission (SEC) adopted the Conflict Minerals provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502 on August 22, 2012. The rule requires publicly-traded companies to disclose annually whether tin, tantalum, tungsten or gold (3TG’s) in their products originated in the Democratic Republic of the Congo (DRC) or adjoining countries and if “Conflict Minerals are necessary to the functionality or production of a product manufactured”.
In January 2021, the European Union (EU) Conflict Minerals Regulation will go into effect. Like Section 1502 of the Dodd-Frank Act, the EU regulation targets 3TG and requires companies to disclose the origin of the minerals. The regulation considers conflict minerals as those originating from any conflict zone or high-risk area. High-risk countries can include those that have weak or non-existent governance structures, or have systematic violations of international law, including human rights abuses.
Recognizing the risks of significant adverse impacts which may be associated with extracting, trading, handling and exporting minerals from conflict-affected and high-risk areas, Omega Engineering, Inc. is committed to our social responsibility to respect human rights and not contribute to conflict.
Omega Engineering Inc is committed to:
- Endeavoring to ensure all goods supplied comply with the product specifications established by OMEGA and meet our high quality standards as well as comply with national and international standards and regulations.
- Engaging with our suppliers and sub-tier suppliers to perform due diligence within their supply chains to work towards using minerals from responsible sources. It is Omega’s expectation that our suppliers comply with all applicable laws and regulations regarding Conflict Minerals.
- Remaining cognizant of all actors in our supply chain regardless of those actors’ location and specific relevance to responsibly sourced minerals.
Click here to download the full Conflict Minerals Reporting Template.