The Shindengen Group holds policy of ‘Compliance with legislation and social norms’ as one of the basic policies of ‘Group Materials Procurement Policy’. In materials procurement, we comply with legislation and social norms (e.g. environment, human rights, labor, safety, health hygiene, ethic, etc.) of countries and regions, and make considerations on respects for human rights for our supply chains. In accordance with ‘Shindengen Group Human Rights Policy’, the Group has set ‘Supply Chain CSR Deployment Guidebook’, and works to make our suppliers aware of this Policy, and we demand their compliance.
Conflict Minerals – Our Stance
To ensure that the Shindengen Group’s performance fulfills the social responsibility standards for supply chains, we request our suppliers to expand their awareness to conflict minerals and participate in the surveys we implement as part of our effort to honor human rights.
The Shindengen Group’s initiative for conflict minerals
Conflict minerals are gold, tantalum, tin and tungsten mined in the Democratic Republic of the Congo and adjoining countries that are used to fund armed groups and rebel organizations which are involved in human rights problems and the destruction of the environment.
In the final rule of Article 1502 of the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (Dodd-Frank act), which was passed and announced on 22 August 2012 by the U.S. Securities and Exchange Commission, it states that all public companies in the US must submit a report to the Securities and Exchange Commission certifying whether or not “conflict minerals” are contained in their products.
As Shindengen Electric Manufacturing is not a company that has to submit a report to the US Securities and Exchange Commission, there is no obligation to submit any such report about the usage of conflict minerals.
However, the Shindengen Group is taking a humanitarian stance, and actively making it clear as to whether or not conflict minerals are included in our products and working towards the elimination of conflict minerals.