ProfiSeal GmbH Conflict Minerals Statement
Sustainability at ProfiSeal
ProfiSeal provide innovative products worldwide that secure sustainable success for our customers and therefore contributes continuously to global sustainable development.
The mining of certain minerals in the Democratic Republic of Congo ( DRC ) and the adjoining countries partially contributes to significant human rights abuses and to the financing of violent conflicts in this region. In 2010, U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Dodd-Frank Act ). Section 1502 of the Dodd-Frank Act and the final rules adopted by the U.S. Securities and Exchange Commission ( SEC ) require companies who file reports with the SEC to disclose whether the products they manufacture or contract to manufacture, contain “conflict minerals” that are “necessary to the functionality or production” of those products. The Dodd-Frank Act and the SEC define “conflict minerals” as tantalum, tin, tungsten (and the ores from which they originate) and gold, regardless of where they are sourced, processed or sold.
ProfiSeal GmbH does not file reports with the SEC and therefore has no legislative obligations to comply with the conflict minerals requirements covered in Section 1502 of the Dodd-Frank Act. At the same time we recognize the SEC final rule for Section 1502 mandates our direct and indirect customers to undertake due diligence across their global supply chain and we will provide an appropriate level of support to help them in their reporting obligations.
ProfiSeal endeavors to not purchase material that contains “conflict minerals” which directly or indirectly finance or benefit armed groups in the DRC or an adjoining country.
We are contacting our direct suppliers to increase the transparency of the materials they provide to us. We will continue to work with customers and suppliers regarding good practices and feasible solutions.