Hamamatsu Photonics recognizes the seriousness of the social issue of conflict minerals. Conflict minerals are mineral resources in mineral supply chains that operate in the world’s conflict zones and high-risk regions. Production of these minerals often involves child labor and other violations of human rights, as well as despoliation of the environment, and may provide sources of funds for armed insurgencies. The minerals in question may be tin, tantalum, tungsten, gold or any other mineral of value.
In 2010 the United States Congress passed the Dodd-Frank Act, adopting regulations (under Article 1502 of the Act) requiring companies listed on US stock exchanges to disclose information related to their use of the conflict minerals tin, tantalum, tungsten and gold. The purpose of this legislation was to cut off sources of funding for insurgent groups engaged in atrocities and human-rights violations in the Democratic Republic of Congo (DRC) and neighboring countries.
With the goal of assuring responsible procurement of minerals, Hamamatsu Photonics asks all of its business partners to understand the Company’s position on conflict minerals and cooperate with the Company in related surveys. The Company further requires procurement of minerals solely from smelters certified as conflict-free under the Responsible Minerals Initiative (RMI)*. Through these activities, Hamamatsu Photonics provides customers with appropriate information about the sources of the mineral resources it uses.
Committed to achieving responsible mineral procurement, Hamamatsu Photonics is building a framework for responding to the problem of conflict minerals. Hamamatsu Photonics’ Headquarters Environment Committee, chaired by a managing director, meets regularly to deliberate and decide on environmental issues, including conflict-mineral-related matters. Examination of the use of conflict minerals by business partners is led by the Head Product Assessment Subcommittee, which liaises with the materials segment and other related departments and sections to frame a company-wide response.
Hamamatsu Photonics conducts surveys of conflict-mineral use using the Conflict Minerals Reporting Template (CMRT), published by the RMI. Based on CMRTs collected from business partners, the Company conducts evaluations and decides whether further investigation of a business partner is warranted. If a business partner is found to be using conflict minerals that provide a source of funding for insurgencies, the Company takes immediate corrective action.
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