삼광 삼광

Sustainability Management

The management of Samkwang, a company that cares about people, is special.

Conflict Mineral Management Policy
What are conflict minerals?

Conflict minerals refer to minerals such as tin, tantalum, tungsten, and gold produced in conflict-ridden countries such as the Democratic Republic of the Congo or its neighbors. The funds generated by conflict minerals have flowed into armed forces in the country, killing their citizens, and resulting in human right violation of children, forced labor, and abuse of women that may arise in the mining process. Amid growing international concerns about this, the US Congress enacted a law requiring reporting on the use of conflict minerals in 2010 (Dodd-Frank Financial Regulatory Reform Act), and according to Article 1502 of the above bill, companies listed on the US stock market must investigate whether conflict minerals are used and their origin, conduct due diligence on the supply chain, and report the results to the U.S. Security and Exchange Commission (SEC).

Samkwang's management policy of conflict minerals

Samkwang has established a conflict minerals management policy to comply with laws and fulfill social responsibility.
The company supports its partners to purchase through smelters that are free from conflict minerals to ensure that conflict minerals associated with militants in conflict zones are not included in the supply chain for the production of our products and request our suppliers to investigate conflict minerals usage and plan risk response procedures. Samkwang will actively participate in international efforts to ban the use of conflict minerals together with our suppliers and customers, thereby fulfilling our social responsibility to protect the human rights of the Democratic Republic of Congo and neighboring countries.

As a responsible corporate, Samkwang ensures that conflict minerals associated with militants in conflict zones are not included in the supply chain for the production of its products. To this end, Samkwang will perform the following procedures:

  • The company will establish a conflict mineral work process for legal compliance by applying international standards regulating conflict minerals and actively support the activities by prohibiting the use of conflict minerals as promoted by the EICC and the Global e-Sustainability Initiative (GeSI).
  • The company will ask its partners to submit a questionnaire about using conflict minerals and to confirm in writing that they are not using conflict minerals.
  • The company will assist its partners in purchasing conflict minerals from smelters certified by the Conflict-Free Smelter Program. (You can check the list of smelters free from conflict on the CFS List website.)
  • The company will establish the due diligence procedure in accordance with the OECD Due Diligence Guidance, and if necessary, the company will conduct due diligence on the procedures and data performed by our suppliers to report the use of conflict minerals.

Samkwang requires all partners to be fully familiar with the laws related to conflict minerals in the United States and strictly comply with their conflict minerals management policies so that their conflict minerals management policies can be applied consistently within the sub-supplier chain.
For this, Samkwang's partners must perform the following procedures:

  • Partners shall make good efforts to identify all the names and locations of all smelters purchased by conflict minerals in the supply chain.
  • The partners should fill out and submit a conflict minerals usage report questionnaire at the request of Samkwang.
  • Suppliers shall fill out and submit a conflict mineral use report form in a timely manner at Samkwang's request.
  • Partners must take corrective action in a timely manner when risks in the supply chain are identified.

If Samkwang does not receive sufficient information from partners to confirm whether conflict minerals are used or if partners provide information that is not true, and if the risk in the supply chain of the partners is found but the enforcement action is not taken, Samkwang may discontinue the transaction with the partners.

Samkwang will actively participate in international efforts to ban the use of conflict minerals together with partners and customers by which the company will fulfill our social responsibility to protect the human rights of the Democratic Republic of Congo and neighboring countries.