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Sustainable development
Sustainable development
Conflict mineral policy
Background knowledge
Conflict minerals "refers to metallic minerals such as tin, tungsten, tantalum and gold from the Democratic Republic of the Congo and surrounding countries. These metals are also collectively known as 3TG metals. Trade in 3TG metals contributes to armed conflict and human rights abuses in the Democratic Republic of Congo and neighboring countries. Disclosure of the use of 3TG metals minerals and transparency in the supply chain are required under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and SEC regulations. The aim of this initiative is to end armed conflict and uphold international law.
YOTC is aware of its responsibilities under the Dodd-Frank Act and works to protect human rights at various levels. Wuhan Yangtze Optical Technologies Co., Ltd. is committed to safeguarding the health, safety and human rights of 3TG metal mining personnel. It is also our duty to hold our suppliers to higher social, environmental and human rights standards.
Our contribution
YOTC is committed to increasing supply chain transparency to ensure conflict-free mining of the 3TG metals we use. We are committed to:
● Identify specific YOTC products subject to the Conflict Minerals Act, and develop our product consistency measures accordingly;
Sourcing conflict minerals only from compliant smelters (in accordance with the Responsible Minerals Initiative);
● Encourage our suppliers to purchase compliant 3TG metal minerals and promote conflict-free trade.
Action taken
Wuhan Yangtze Optical Technologies Co., Ltd. actively takes the following measures to fulfill its responsibility and ensure the transparency of supply chain:
● With the strong support of YOTC's management, develop measures in accordance with the Organization for Economic Cooperation and Development (OECD) Guidelines on Responsible Supply Chain Due Diligence;
● Actively communicate with suppliers and timely grasp their feedback on the use of 3TG metal;
● Inform suppliers of their gazette obligations;
● Risk assessment of existing suppliers;
● Comply with US and European conflict minerals regulations.
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