Conflict Minerals Policy
Concerns that proceeds from the mining of minerals have been used to fund extreme violence in foreign countries led to a requirement in the U.S. Dodd-Frank Financial Reform Law of 2010, that U.S. publicly-traded companies must disclose any "conflict minerals" necessary to the functionality or production of products they manufacture or contract to manufacture. The conflict minerals are tin, tungsten, tantalum, and gold (called the 3TG's). Companies using conflict minerals must also disclose their supply chain inquires to verify whether these minerals originated in the DRC or adjoining countries.
L&S is committed to avoiding the use of conflict minerals which directly or indirectly finance or benefit violent groups.
- Support our customers in their objective of avoiding use of "conflict minerals."
- Do not knowingly procure metals or other materials that originate from facilities in the "Conflict Region" that are not certified as "conflict free."
- Ask our suppliers to undertake reasonable due diligence with their supply chains to assure that specified metals are being sourced only from:
- Mines and smelters outside the "Conflict Region" or
- Mines and smelters which have been certified by an independent third party as "conflict free" if sourced within the "Conflict Region."
If we discover the use of materials produced in facilities that are considered to be "non-conflict free," in any material, parts or components we procure, we will take appropriate actions to transition product to be "conflict free."