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Social Responsibility Management

What is the Regulation of Conflict Minerals?

As part of economic sanctions aimed at eradicating social problems such as human rights abuses, child labor exploitation, and sexual violence in conflict areas in Africa
(10 countries including DR Congo), it refers to the new regulations implemented mainly in developed countries that designate minerals mined in these areas (tin, tungsten, tantalum, gold, cobalt, mica and other minerals) as conflict minerals and impose sanctions on companies’ use of conflict minerals to prevent mining funds from flowing into rebel military funds.

In 2010, the U.S. Congress created the Dodd-Frank Financial Regulatory Reform Act, which mandated reporting of conflict minerals, and required U.S.
listed companies to report their use of conflict minerals to the U.S. Securities and Exchange Commission (SEC).

The Conflict Minerals Regulation Guidelines

ALS Co., Ltd. will make the following active efforts to regulate conflict minerals, which has become an international issue.

  • Establish a conflict minerals work process to comply with the law by applying international standards regulating conflict minerals.
  • Participate in efforts to ban the use of conflict minerals promoted by EICC and the Global e-Sustainability Initiative (GeSI).
  • Use the Conflict Minerals Use Reporting Questionnaire (EICC Template) provided by EICC-GeSI to conduct a survey on the use of conflict minerals targeting domestic and foreign suppliers. Additionally, investigate whether they use conflict minerals such as tin, tantalum, tungsten and gold in the company’s products.
  • Receive the “Declaration of Non-Use of Minerals from Conflict Areas in Africa (ten countries including DR Congo)” from all suppliers so that this policy can be expanded.

ALS Co., Ltd. requires all suppliers to strictly comply with its conflict minerals management policy.

  • Suppliers must establish documented conflict management policies and procedures to ensure that products supplied to ALS Co., Ltd.
    do not contain conflict minerals that benefit armed groups in conflict zones in Africa (the ten countries including DR Congo).
  • Suppliers should strive to identify all smelters from which their conflict minerals are purchased.
  • Suppliers must timely submit ALS Co., Ltd.’s request for conflict mineral data.
  • 협력사는 (주)에이엘에스의 분쟁광물 자료 요청에 대해 적시에 제출해야 합니다.
  • If other information about the supply chain of conflict minerals is provided or if risks in the supplier's supply chain are discovered but corrective actions are not taken,
    ALS Co., Ltd. may suspend transactions with the supplier.

ALS Co., Ltd. will actively participate in international efforts to ban the use of conflict minerals with its suppliers and customers for systematic supply chain management. In addition, the company will monitor government policies and support to respond to conflict mineral regulations and establish a gradual process for this. Through this, we will fulfill our social responsibility to protect human rights in countries in conflict zones in Africa (ten countries including DR Congo).