Pempek's Conflict Minerals Policy
Pempek is trying to be a decent corporate citizen and as such committed to sourcing materials from Companies that share our values regarding ethics, human rights and environmental responsibility.
The vexation is that our electronic gadgets (your Mum's smart-phone, your Dad's fish-finder, your laptop, Pempek's products, etc.) simply could not be manufactured without electronic components which contain conflict minerals as raw materials.
Conflict minerals include (but are not limited to) coltan (columbite-tantalite, i.e., tantalum), cassiterite (i.e. tin dioxide), wolframite (i.e. tungstate of iron and manganese), gold and their derivatives.
On August 22, 2012, the final ruling regarding sourcing of conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) was approved by the U.S. Securities and Exchange Commission (SEC).
This ruling imposes reporting requirements on publicly traded companies subject to the SEC to annually report the presence of conflict minerals originating in the Democratic Republic of the Congo (DRC) or adjoining countries (Covered Countries) in the products they manufacture or contract to manufacture whereby the conflict minerals are necessary to the functionality or production of a product.
Pempek is only a dinky Company but it wholeheartedly supports the goal of the Dodd-Frank Act, i.e. ending the illegal trade of conflict minerals originating in the DRC, or anywhere else for that matter.
As such, Pempek is committed to:
- Minimizing the negative social impact and harmful environmental footprint of our products
- Fostering responsible Supplier relationships
- Fostering transparency in our Supplier relationships
- Avoiding the use of conflict minerals which directly or indirectly benefit tin-pot dictators or finance armed groups in the DRC or adjoining countries
In order to achieve these lofty goals, Pempek:
- Utilizes the
Source Intelligence platform for supply chain tracing and transparency;
- Leverages Source Intelligence's web-based
Conflict Minerals Resource Center for the most up-to-date information regarding conflict minerals in our supply chain
- Routinely assesses our electronic component Suppliers' compliance with our policy
For more information regarding this conundrum, please send us an email.