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The U.S. Securities and Exchange Commission (SEC) adopted the Conflict Minerals provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502 on August 22, 2012. The rule requires publicly-traded companies to disclose annually whether tin, tantalum, tungsten or gold (3TG’s) in their products originated in the Democratic Republic of the Congo (DRC) or adjoining countries and if “Conflict Minerals are necessary to the functionality or production of a product manufactured”.
In January 2021, the European Union (EU) Conflict Minerals Regulation will go into effect. Like Section 1502 of the Dodd-Frank Act, the EU regulation targets 3TG and requires companies to disclose the origin of the minerals. The regulation considers conflict minerals as those originating from any conflict zone or high-risk area. High-risk countries can include those that have weak or non-existent governance structures, or have systematic violations of international law, including human rights abuses.
Recognizing the risks of significant adverse impacts which may be associated with extracting, trading, handling and exporting minerals from conflict-affected and high-risk areas, Omega Engineering, Inc. is committed to our social responsibility to respect human rights and not contribute to conflict.
Omega Engineering Inc is committed to:
Click here to download the full Conflict Minerals Reporting Template.