Background
In 2010, the United States (U.S.) enacted legislation (Dodd-Frank Act) requiring the Securities and Exchange Commission (SEC) listed companies to report on their use of conflict minerals sourced from the Democratic Republic of the Congo (DRC) and adjoining countries.HLDS Policy for Conflict Minerals
It is HLDS’s policy to take due-diligence measures in procurement activities to avoid sourcing conflict minerals (tin, tantalum, tungsten and gold) which finance or benefit armed groups abusing human rights in the DRC or adjoining countries. The HLDS procurement division is committed to building a sustainable supply chain while avoiding procurement of conflict minerals. This does not mean that HLDS will not procure any materials or parts from DRC or adjoining countries at all, but, rather HLDS will continue to procure minerals that are lawfully permitted.Support from Suppliers
HLDS is committed to enhance the transparency of supply chains and to implement responsible procurement activities of materials and parts. HLDS encourages our suppliers to conduct due diligence with their suppliers and expect to support HLDS’ policy on CMR.