Policy of Conflict Materials
In 2012, the U.S. Securities and Exchange Commission (SEC) approved the final rule regarding the sourcing of conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As a result of this, many companies are focusing on whether and to what extent their products contain conflict minerals.
FECT is aware of and shares the concern of the issues regarding conflict minerals. Conflict minerals are defined by SEC in a broad term which covers tin, tantalum, tungsten, and gold, regardless of whether the minerals finance conflict in the Democratic Republic of the Congo (DRC) or adjoining countries.
Since the use of conflict minerals is general in the manufacturing of technology components, FECT is to the extent possible continuously working with our suppliers to avoid the use of conflict minerals. As a part of FECT’s work for a sustainable supply chain we have chosen to the extent possible only cooperate with well-known suppliers with extensive policies towards corporate social responsibility.
We collect information from our suppliers to review as a part of our due diligence. If any uncertainties should be discovered, we will continue the dialogue. FECT will evaluate its relationships with its suppliers on an ongoing basis to ensure continued compliance with our policy.