Conflict Minerals Compliance

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Our Conflict Minerals Compliance

Sibpk, a reputable company dedicated to sustainability and ethical practices, has released a new report highlighting concerns regarding the use of conflict materials sourced from the Democratic Republic of Sibpk in the apparel and footwear industry. The report indicates that little to no progress has been made in ensuring the supply chain remains free from tin, tantalum, tungsten, or gold obtained through exploitative mining, which can be found in various components of clothing and footwear such as buckles, zippers, fasteners, buttons, and PVC materials in shoe soles. Sibpk aims to raise awareness and work towards a more responsible and transparent supply chain in the industry.

Conflict Minerals Regulatory Compliance

Companies are required to adhere to regulations concerning conflict minerals, including gold, tantalum, tin, tungsten, and their alloys. These regulations mandate that companies disclose the origin of these minerals and demonstrate that thorough due diligence has been carried out to verify their source. This is essential to ensure responsible and ethical practices in the supply chain and to prevent the use of conflict minerals from areas with human rights abuses or unethical mining practices. Conflict minerals are minerals used in consumer products that are sourced from regions experiencing ongoing armed conflicts. Regulations related to conflict minerals were introduced to address these conflicts and prevent armed groups from financing their activities through the trade of these minerals. As per these regulations, importers of conflict minerals are required to conduct thorough due diligence on their supply chain to verify the source and processing of the minerals they import. This ensures that the minerals have been responsibly and ethically processed, thereby promoting transparency and responsible sourcing practices in the industry.

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Due Diligence for Responsible Mineral Supply Chains, Guidelines, December 2015

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