EXHIBIT INDEX
Exhibit 1.01 General Electric Company 2016 Conflict Minerals Report
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Exhibit 1.01
General Electric Company
2016 Conflict Minerals Report
Introduction
General Electric Company ("GE" or the "Company") has prepared this conflict minerals report ("Report") for the year ended December 31, 2016 to satisfy the requirements of Rule 13p-1 of the Securities Exchange Act. GE manufactures a wide range of products that contain tin, tantalum, tungsten or gold ("3TG" or "Conflict Minerals"), but GE does not purchase ore or unrefined Conflict Minerals from mines and generally is many steps removed in the supply chain from the mining of these minerals. We purchase materials from a wide network of suppliers so we necessarily rely on them to assist with our reasonable country of origin inquiry regarding the Conflict Minerals that are necessary to the functionality or production of products we manufacture. After performing our reasonable country of origin inquiry and due diligence for 2016, we have not been able to establish the conflict status of our products due to the continued unavailability of complete information across our broad and deep supply chain. However, more than 77% of the smelters and refiners identified by our Significant Suppliers (defined below) have now been verified to be conflict-free (compared to 35% in 2013, when we started our Conflict Minerals due diligence program), as described under "Continuous improvement" below.
This Report describes:
| | the due diligence we performed for 2016, including the steps we took to mitigate the risk that Conflict Minerals in our products benefit armed groups; |
| | the products that we have reason to believe might contain 3TG originating from the Democratic Republic of the Congo or an adjoining country (collectively, the "Covered Countries"); and |
| | information about the processing facilities and countries of origin of the 3TG in those products. |
Due Diligence
| 1. | Design of GE's due diligence measures |
GE has adopted Conflict Minerals Guidelines (the "Guidelines") that lay out the design of our Conflict Minerals due diligence process. The Guidelines describe procedures that each GE business is expected to use to perform due diligence on the source and origin of 3TG contained in products we manufacture. GE management designed our due diligence measures to conform in material respects to the OECD Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the "OECD Guidance"), the Supplement on Tin, Tantalum, and Tungsten (the "Supplement"), and the Supplement on Gold.
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| 2. | Description of GE's due diligence measures for 2016 |
This description of due diligence measures refers to measures performed at the GE corporate level and by the following GE businesses: Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation and Energy Connections & Lighting (including Appliances, which we sold in June 2016). In accordance with Securities and Exchange Commission ("SEC") rules, this Report excludes the businesses we acquired from Alstom in November 2015.
This description is presented pursuant to the organizational structure of the Five-Step Framework for Risk-Based Due Diligence in the Mineral Supply Chain contained in the OECD Guidance, as elaborated for downstream companies in the Supplement.
Step 1: Establish strong company management systems
| A. | Adopt and commit to a supply chain policy for minerals originating from conflict-affected and high-risk areas |
The Guidelines contain the operative provisions of GE's Statement on Conflict Minerals, which can be found on GE's website, as well as the process for ensuring that risks are adequately managed. GE Corporate created and disseminated the Guidelines to each GE business for execution of GE's Conflict Minerals due diligence process. Additional GE policies that relate to the due diligence measures contained in the OECD Guidance are incorporated into GE's policy document The Spirit & The Letter, which can be found on GE's website (for each of these materials, see "Where You Can Find Additional Information" below).
| B. | Structure internal management systems to support supply chain due diligence |
GE corporate. A senior GE executive, supported by a senior GE lawyer, has oversight responsibility for GE's Statement on Conflict Minerals, including the establishment of processes and procedures to carry out this statement.
GE businesses. Each GE business has:
| | established a system to support performance of due diligence on its supply chain; |
| | documented that system in a written business program; and |
| | assigned certain personnel responsibility for executing the business program. |
Internal reporting. For 2016, GE Corporate used the following Conflict Minerals due diligence reporting mechanisms:
| | Reporting within GE businesses: Each GE business conducted one or more reviews of its Conflict Minerals due diligence program with senior management in its sourcing organization covering measurements relating to efforts to achieve supply chain transparency; |
| | Communicating across GE businesses: Representatives of GE businesses and others having responsibilities for executing Conflict Minerals due diligence held regularly scheduled meetings to discuss design and modification of the due diligence process, share best practices among the businesses, and monitor progress of the due diligence process; and |
| | Reporting to GE sourcing leaders: Reports on GE's progress in completing Conflict Minerals due diligence were provided periodically to GE's Sourcing Council, which comprises GE Corporate executives responsible for supply chain programs and the leads of the sourcing organizations of GE's businesses. |
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| C. | Establish a system of controls and transparency over the mineral supply chain |
Identifying suppliers. Each GE business identified:
| | Relevant Suppliers: suppliers that provide inputs to GE products that are known or are likely to contain 3TG through a process that is based on an examination of internal records such as bills of material or other product specifications, a qualitative review of sourcing records, or information provided by the supplier; and |
| | Significant Suppliers: those suppliers within the universe of Relevant Suppliers that are most significant to GE's Conflict Minerals program, using criteria developed by the business, such as the amount of sourcing spend with the supplier. |
Identifying smelters and refiners in the supply chain. Each GE business identified all smelters and refiners of Conflict Minerals that are first-tier suppliers to GE and used its best efforts to identify additional smelters and refiners by surveying Significant Suppliers, either directly or indirectly through an independent third-party supply chain expert, using a tool developed by GE based on the Conflict-Free Sourcing Initiative's ("CFSI") Conflict Minerals Reporting Template ("CMRT"). The survey tool is designed to collect, manage and archive (for at least five years) supplier information relevant for Conflict Minerals due diligence including, among other things, the identity of smelters and refiners of 3TG in the supplier's supply chain. We apply standardized criteria (based on the CMRT) across GE businesses for assessing the acceptability of survey responses.
Conducting a reasonable country of origin inquiry. For upstream due diligence to identify countries of origin and other relevant information about the conflict status of metals produced by the smelters and refiners identified in GE's supply chain, GE relies on the information made available through the Conflict-Free Smelter Program ("CFSP") administered by CFSI, as well as information from an independent third-party supply chain expert. GE relied on this information to identify (1) the conflict status of 3TG processed by these smelters and refiners; and (2) the countries of origin of ores in the supply chains of these smelters and refiners. Where the data showed that ores utilized by one or more of these smelters or refiners originated in one or more of the Covered Countries, GE concluded that there is reason to believe that 3TG from the Covered Countries is present in the products of the business for which such smelters or refiners were reported to be in the supply chain. Due to business confidentiality and other competitive concerns, as recognized by the Supplement, the CFSP does not publish detailed information on specific mine and location of origin of ores that supply the smelters and refiners subject to verification reviews. Consequently, no such information is provided in this Report. CFSP's efforts to determine such information is described on the CFSI website (see "Where You Can Find Additional Information" below).
| D. | Strengthen company engagement with suppliers |
Regular communications. GE regularly communicates its expectations on responsible supply chains of Conflict Minerals by transmitting surveys and other communications from the sourcing organizations of the GE businesses to Significant Suppliers and other Relevant Suppliers. These communications are standardized across GE businesses to ensure consistent messaging for our suppliers. In addition, the sourcing organizations of GE's businesses provide training to their suppliers on GE's Conflict Minerals program.
Contractual obligations. Each GE business contractually obligates Relevant Suppliers to (1) adopt policies and establish systems to use best efforts to procure Conflict Minerals from sources that have been verified as conflict free; (2) provide supporting data on their 3TG supply chains to GE when requested; and (3) provide GE with audit rights and the right to terminate the contract in the event of material non-compliance. These obligations are reflected in GE's Integrity Guide for Suppliers, Contractors and Consultants ("Integrity Guide"), which can be found on GE's website (see "Where You Can Find Additional Information" below). Purchase order and contract terms and conditions in use by GE businesses require suppliers to conform their behavior to the Integrity Guide.
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| E. | Establish a company-level grievance mechanism |
Integrity Guide. The Integrity Guide provides multiple methods for suppliers and supplier personnel to raise concerns about matters that are subject to the Integrity Guide, including GE's expectations of suppliers regarding Conflict Minerals.
Open reporting system. Each GE business also has an open reporting system through which employees and third parties may report concerns about policy violations, including concerns related to our Conflict Minerals policies. Concerns can be reported anonymously or for attribution through several channels, including the employee's manager, GE's legal department, or a GE compliance officer, by calling the GE integrity hotline, or by emailing the GE Ombudsman.
No retaliation. Both the Integrity Guide and the open reporting system forbid retaliation against any person reporting an integrity concern.
Step 2: Identify and assess supply chain risks
| A. | Use best efforts to identify the smelters and refiners in the supply chain |
During 2016, using the processes described above under "Establish a system of controls and transparency over the mineral supply chain," GE businesses identified 7,289 Relevant Suppliers (up from 5,341 in 2015), including 2,668 Significant Suppliers (up from 1,808 in 2015). These year-over-year increases are primarily the result of improvements in our due diligence efforts. Our Significant Suppliers identified 318 smelters and refiners of 3TG in their supply chains (versus 324 in 2015). See Table A below for a list of these smelters and refiners and their validation status under the CFSP.
| B. | Identify the scope of the risk assessment of the mineral supply chain |
Engaging with suppliers. GE's Conflict Minerals supplier survey asks suppliers to identify smelters or refiners of 3TG in their supply chains. During 2016, we engaged all Significant Suppliers to encourage the smelters and refiners in their supply chains to become validated as conflict-free by the CFSP or a similar program.
Engaging with smelters and refiners. Our Lighting and Healthcare businesses buy tungsten-bearing products directly from tungsten smelters ("first-tier tungsten smelters"). In addition to engaging with smelters and refiners through the CFSP, GE engaged these first-tier tungsten smelters to encourage them to participate in the smelter validation process of the CFSP. All of these first-tier tungsten smelters have been verified as conflict-free under the CFSP. See "Devise and adopt a risk management plan" below for additional information on this engagement.
| C. | Assess whether the suppliers have carried out all elements of due diligence for responsible supply chains of minerals from conflict-affected and high-risk areas |
Each GE business conducts due diligence to determine the degree of its suppliers' compliance with the contractual obligations laid out in the Guidelines and the accuracy of reported information based on a risk analysis and with separate levels of intensity that depend upon risk of non-compliance. Measures may include reviewing supplier responses for completeness, accuracy and credibility, and confirming smelter status by checking against the CFSI's Conflict Free Smelter list.
| D. | Where necessary, carry out joint spot checks at the mineral smelter or refiner's own facilities (including through participation in industry-driven programs) |
First-tier suppliers. Each GE business is responsible for confirming that each of its first-tier suppliers that are smelters and refiners (if any):
| | has a policy and procedures to eliminate sourcing of conflict-supporting minerals; |
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| | has been subject to an audit of the origin of their 3TG supplies conducted in accordance with OECD Guidance or has made a firm commitment to undergo such an audit as soon as it can be scheduled; and |
| | passes the audit as being conflict-free or, having failed the audit, has established and put into place a plan to correct process deficiencies. |
Lower-tier (upstream) suppliers. In accordance with OECD Guidance, including its audit recommendations for downstream companies, GE implements upstream audits by participating in and cooperating with industry organizations. GE is a partner company of CFSI (member code GECO) and has, periodically, supported CFSI and CFSP through membership on committees and working groups and providing financial assistance and in-kind assistance with CFSP smelter validation. As such, GE relied on the CFSP to conduct risk assessment at the upstream level. For each smelter identified in its supply chain at the first or lower tiers, each GE business assessed the information available from the CFSP and an independent third-party supply chain expert to determine whether there were any "red flags" (as defined in OECD Guidance) and, if needed, develop a corrective action plan. This includes working to remove any high-risk smelters from our supply chain.
Step 3: Design and implement a strategy to respond to identified risks
| A. | Report findings to designated senior management |
See "Structure internal management systems to support supply chain due diligence" above for a description of GE's Conflict Minerals due diligence internal reporting processes.
| B. | Devise and adopt a risk management plan |
Across GE. Each GE business periodically compiles a report of Conflict Minerals risks identified in its supply chain for review by the GE business executive-level program owner to determine appropriate steps to take in mitigating any risks identified in the reports. In 2016, these steps focused on reducing risk by (1) engaging all Significant Suppliers to encourage the smelters and refiners in their supply chains to become validated as conflict-free by the CFSP or a similar program, and (2) asking those Significant Suppliers who identified high-risk smelters and refiners to remove them from their supply chains. A high-risk smelter or refiner is one for which there are credible reports that the smelter or refiner sources materials in a manner that directly or indirectly finances armed conflict. In addition, in April 2016, the Aerospace Industries Association, of which GE is a member, sent a letter to a number of smelters in the aerospace industry supply chain urging them to participate in the CFSP.
Lighting. As noted above, Lighting has first-tier tungsten smelters in its supply chain. Lighting's engagement efforts with these smelters began as early as 2009. Lighting and GE Corporate have also participated in meetings with representatives of the tungsten smelter industry to encourage tungsten smelter participation in the CFSP. Currently, 100% of the first-tier tungsten smelters that provided product to Lighting in 2016 have been verified as conflict-free under the CFSP, and Lighting has suspended purchases from first-tier tungsten smelters that are not verified or scheduled for a verification audit.
Step 4: Carry out independent 3rd-party audit of smelters/refiners' due diligence practices
See "Where necessary, carry out joint spot checks at the mineral smelter or refiner's own facilities (including through participation in industry-driven programs)" above for a discussion of how GE conducted risk assessment at the upstream level.
Step 5: Report annually on supply chain due diligence
In addition to filing this Report, GE's Sustainability Report describes our Conflict Minerals program and discusses our due diligence process and progress in accomplishing the goals of our Statement on Conflict Minerals (see "Where You Can Find Additional Information" below).
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| 3. | Continuous improvement |
2016 progress. For 2016, GE continued to focus on:
| | conducting due diligence and a reasonable country of origin inquiry to improve the transparency in our Conflict Minerals supply chain, including hiring an independent, third-party supply chain expert to prepare an audit readiness assessment for our Conflict Minerals program and help us to enhance our due diligence practices. We also focused on more precisely identifying the countries of origin of 3TG in our supply chain and, in this regard, we identified 83% more countries in 2016 compared to the prior year (66 vs. 36 in 2015); and |
| | engaging with suppliers to reduce Conflict Minerals supply chain risk, increasing the number of smelters and refiners in our supply chain that have been verified to be conflict-free by 13% to 245 in 2016. As a result, more than 77% of the smelters and refiners identified by our Significant Suppliers have been verified to be conflict-free (up from 35% in 2013, when we started our Conflict Minerals due diligence program). |
2017 actions to improve due diligence and supplier engagement. GE intends to take the following steps in 2017 to improve due diligence and thereby mitigate the risk that Conflict Minerals in GE products may benefit armed groups:
| | intensify communication with suppliers and spread best practices learned during execution of the due diligence process in 2016 across the GE businesses to continue to work to improve the percentage of Significant Suppliers responding to GE's supply chain surveys and the quality of their responses; and |
| | intensify the identification of and communication with smelters and refiners in GE's supply chain, both directly and indirectly through GE's Significant Suppliers, in order to continue to increase the number of smelters and refiners that participate in the CFSP. |
Information Known to GE about 3TG in GE products
GE manufactures a wide range of products that contain Conflict Minerals, but GE does not purchase ore or unrefined conflict minerals from mines and generally is many steps removed in the supply chain from the mining, smelting and refining of these minerals. For a description of the products manufactured by GE in 2016, see the products description for each of our industrial businesses—Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation and Energy Connections & Lighting (including Appliances, which we sold in June 2016)—on pages 37 through 59 of our 2016 Annual Report on Form 10-K, which are incorporated into this Report by reference and which you can find at www.ge.com/annualreport.
GE purchases materials from a wide network of suppliers so we necessarily rely on them to assist with our reasonable country of origin inquiry. After performing a reasonable country of origin inquiry and due diligence for 2016, we have not been able to establish the conflict status of our products, due to the continued unavailability of complete information across our broad and deep supply chain.
Facilities Used to Process 3TG in GE Products
GE obtained information about the facilities used to process 3TG in GE products through the due diligence activities described in this Report. Table A below contains a list of smelters and refiners that GE's Significant Suppliers identified as being present in their supply chains that GE believes may have processed 3TG contained in GE products.
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Countries of Origin of 3TG in GE Products
GE obtained information about the country of origin and mine or location of origin of 3TG in GE products through reliance on the CFSP's upstream audits of smelters and refiners in GE's supply chain and using information provided by an independent third-party supply chain expert, as described in this Report. Table B below contains a list of known countries of origin of 3TG used by smelters and refiners that GE suppliers identified as being present in their supply chains.
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Table A
(as of April 20, 2017)
(as of April 20, 2017)
Summary of Smelters and Refiners
# of Smelters and Refiners Reported in Our Supply Chain
A. CFSI Compliant Smelters & Refiners1 | B. CFSI Participating Smelters & Refiners2 | C. Other Smelters & Refiners3 | Total4 | |||||
| 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | |
| Tantalum | 46 | 44 | 0 | 0 | 0 | 0 | 46 | 44 |
| Tin | 59 | 68 | 17 | 7 | 15 | 8 | 91 | 83 |
| Tungsten | 31 | 40 | 14 | 1 | 4 | 5 | 49 | 46 |
| Gold | 80 | 93 | 15 | 10 | 43 | 42 | 138 | 145 |
| Total | 216 | 245 | 46 | 18 | 62 | 55 | 324 | 318 |
| (1) | Audited by the CFSI and have been found to be compliant with the CFSI's Conflict-Free Smelter Program. |
| (2) | In the process of being audited by the CFSI. |
| (3) | Have not commenced the process of being audited by the CFSI. |
| (4) | Excludes five smelters that ceased operation in 2016. |
A. CFSI Compliant Smelters and Refiners for 2016 | ||
| Metal | Smelter/Refiner Name | Smelter/Refiner Location |
| Tantalum | Changsha South Tantalum Niobium Co., Ltd. | CHINA |
| Tantalum | Conghua Tantalum and Niobium Smeltry | CHINA |
| Tantalum | D Block Metals, LLC | USA |
| Tantalum | Duoluoshan | CHINA |
| Tantalum | Exotech Inc. | USA |
| Tantalum | F&X Electro-Materials Ltd. | CHINA |
| Tantalum | FIR Metals & Resource Ltd. | CHINA |
| Tantalum | Global Advanced Metals Aizu | JAPAN |
| Tantalum | Global Advanced Metals Boyertown | USA |
| Tantalum | Guangdong Zhiyuan New Material Co., Ltd. | CHINA |
| Tantalum | H.C. Starck Co., Ltd. | THAILAND |
| Tantalum | H.C. Starck Hermsdorf GmbH | GERMANY |
| Tantalum | H.C. Starck Inc. | USA |
| Tantalum | H.C. Starck Ltd. | JAPAN |
| Tantalum | H.C. Starck Smelting GmbH & Co. KG | GERMANY |
| Tantalum | H.C. Starck Tantalum and Niobium GmbH | GERMANY |
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | CHINA |
| Tantalum | Hi-Temp Specialty Metals, Inc. | USA |
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | CHINA |
| Tantalum | Jiangxi Tuohong New Raw Material | CHINA |
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | CHINA |
| Tantalum | Jiujiang Nonferrous Metals Smelting Company Limited | CHINA |
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | CHINA |
| Tantalum | KEMET Blue Metals | MEXICO |
| Tantalum | KEMET Blue Powder | USA |
| Tantalum | King-Tan Tantalum Industry Ltd. | CHINA |
| Tantalum | LSM Brasil S.A. | BRAZIL |
| Tantalum | Metallurgical Products India Pvt., Ltd. | INDIA |
| Tantalum | Mineracao Taboca S.A. | BRAZIL |
| Tantalum | Mitsui Mining and Smelting Co., Ltd. | JAPAN |
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CHINA |
| Tantalum | NPM Silmet AS | ESTONIA |
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| Tantalum | Power Resources Ltd. | MACEDONIA |
| Tantalum | QuantumClean | USA |
| Tantalum | Resind Industria e Comercio Ltda. | BRAZIL |
| Tantalum | RFH Tantalum Smeltry Co., Ltd. | CHINA |
| Tantalum | Solikamsk Magnesium Works OAO | RUSSIAN FEDERATION |
| Tantalum | Taki Chemical Co., Ltd. | JAPAN |
| Tantalum | Telex Metals | USA |
| Tantalum | Tranzact, Inc. | USA |
| Tantalum | Ulba Metallurgical Plant JSC | KAZAKHSTAN |
| Tantalum | XinXing HaoRong Electronic Material Co., Ltd. | CHINA |
| Tantalum | Yichun Jin Yang Rare Metal Co., Ltd. | CHINA |
| Tantalum | Zhuzhou Cemented Carbide Group Co., Ltd. | CHINA |
| Tin | Alpha | USA |
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | CHINA |
| Tin | China Tin Group Co., Ltd. | CHINA |
| Tin | Cooperativa Metalurgica de Rondonia Ltda. | BRAZIL |
| Tin | CV Ayi Jaya | INDONESIA |
| Tin | CV Dua Sekawan | INDONESIA |
| Tin | CV Gita Pesona | INDONESIA |
| Tin | CV Serumpun Sebalai | INDONESIA |
| Tin | CV Tiga Sekawan | INDONESIA |
| Tin | CV United Smelting | INDONESIA |
| Tin | CV Venus Inti Perkasa | INDONESIA |
| Tin | Dowa | JAPAN |
| Tin | Elmet S.L.U. | SPAIN |
| Tin | EM Vinto | BOLIVIA |
| Tin | Fenix Metals | POLAND |
| Tin | Gejiu Fengming Metallurgy Chemical Plant | CHINA |
| Tin | Gejiu Jinye Mineral Company | CHINA |
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | CHINA |
| Tin | Guanyang Guida Nonferrous Metal Smelting Plant | CHINA |
| Tin | HuiChang Hill Tin Industry Co., Ltd. | CHINA |
| Tin | Jiangxi Ketai Advanced Material Co., Ltd. | CHINA |
| Tin | Magnu's Minerais Metais e Ligas Ltda. | BRAZIL |
| Tin | Malaysia Smelting Corporation (MSC) | MALAYSIA |
| Tin | Melt Metais e Ligas S.A. | BRAZIL |
| Tin | Metallic Resources, Inc. | USA |
| Tin | Metallo-Chimique N.V. | BELGIUM |
| Tin | Mineracao Taboca S.A. | BRAZIL |
| Tin | Minsur | PERU |
| Tin | Mitsubishi Materials Corporation | JAPAN |
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | THAILAND |
| Tin | O.M. Manufacturing Philippines, Inc. | PHILIPPINES |
| Tin | Operaciones Metalurgical S.A. | BOLIVIA |
| Tin | PT Aries Kencana Sejahtera | INDONESIA |
| Tin | PT Artha Cipta Langgeng | INDONESIA |
| Tin | PT ATD Makmur Mandiri Jaya | INDONESIA |
| Tin | PT Babel Inti Perkasa | INDONESIA |
| Tin | PT Bangka Prima Tin | INDONESIA |
| Tin | PT Bangka Tin Industry | INDONESIA |
| Tin | PT Belitung Industri Sejahtera | INDONESIA |
| Tin | PT Bukit Timah | INDONESIA |
| Tin | PT Cipta Persada Mulia | INDONESIA |
| Tin | PT DS Jaya Abadi | INDONESIA |
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| Tin | PT Eunindo Usaha Mandiri | INDONESIA |
| Tin | PT Inti Stania Prima | INDONESIA |
| Tin | PT Karimun Mining | INDONESIA |
| Tin | PT Kijang Jaya Mandiri | INDONESIA |
| Tin | PT Lautan Harmonis Sejahtera | INDONESIA |
| Tin | PT Menara Cipta Mulia | INDONESIA |
| Tin | PT Mitra Stania Prima | INDONESIA |
| Tin | PT O.M. Indonesia | INDONESIA |
| Tin | PT Panca Mega Persada | INDONESIA |
| Tin | PT Prima Timah Utama | INDONESIA |
| Tin | PT Refined Bangka Tin | INDONESIA |
| Tin | PT Sariwiguna Binasentosa | INDONESIA |
| Tin | PT Stanindo Inti Perkasa | INDONESIA |
| Tin | PT Sukses Inti Makmur | INDONESIA |
| Tin | PT Sumber Jaya Indah | INDONESIA |
| Tin | PT Timah (Persero) Tbk Kundur | INDONESIA |
| Tin | PT Timah (Persero) Tbk Mentok | INDONESIA |
| Tin | PT Tinindo Inter Nusa | INDONESIA |
| Tin | PT Tommy Utama | INDONESIA |
| Tin | Resind Industria e Comercio Ltda. | BRAZIL |
| Tin | Rui Da Hung | TAIWAN |
| Tin | Soft Metais Ltda. | BRAZIL |
| Tin | Thaisarco | THAILAND |
| Tin | VQB Mineral and Trading Group JSC | VIET NAM |
| Tin | White Solder Metalurgia e Mineracao Ltda. | BRAZIL |
| Tin | Yunnan Tin Company Limited | CHINA |
| Tungsten | A.L.M.T. TUNGSTEN Corp. | JAPAN |
| Tungsten | Asia Tungsten Products Vietnam Ltd. | VIET NAM |
| Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. | CHINA |
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | CHINA |
| Tungsten | Fujian Jinxin Tungsten Co., Ltd. | CHINA |
| Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. | CHINA |
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CHINA |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CHINA |
| Tungsten | Global Tungsten & Powders Corp. | USA |
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | CHINA |
| Tungsten | H.C. Starck Smelting GmbH & Co. KG | GERMANY |
| Tungsten | H.C. Starck Tungsten GmbH | GERMANY |
| Tungsten | Hunan Chenzhou Mining Co., Ltd. | CHINA |
| Tungsten | Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji | CHINA |
| Tungsten | Hunan Chunchang Nonferrous Metals Co., Ltd. | CHINA |
| Tungsten | Hydrometallurg, JSC | RUSSIAN FEDERATION |
| Tungsten | Japan New Metals Co., Ltd. | JAPAN |
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | CHINA |
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | CHINA |
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | CHINA |
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CHINA |
| Tungsten | Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. | CHINA |
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | CHINA |
| Tungsten | Kennametal Fallon | USA |
| Tungsten | Kennametal Huntsville | USA |
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | CHINA |
| Tungsten | Moliren Ltd. | RUSSIAN FEDERATION |
| Tungsten | Niagara Refining LLC | USA |
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| Tungsten | Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC | VIET NAM |
| Tungsten | Philippine Chuangxin Industrial Co., Inc. | PHILIPPINES |
| Tungsten | South-East Nonferrous Metal Company Limited of Hengyang City | CHINA |
| Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. | VIET NAM |
| Tungsten | Unecha Refractory metals plant | RUSSIAN FEDERATION |
| Tungsten | Vietnam Youngsun Tungsten Industry Co., Ltd. | VIET NAM |
| Tungsten | Wolfram Bergbau und Hutten AG | AUSTRIA |
| Tungsten | Woltech Korea Co., Ltd. | KOREA (REPUBLIC OF) |
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CHINA |
| Tungsten | Xiamen Tungsten Co., Ltd. | CHINA |
| Tungsten | Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. | CHINA |
| Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. | CHINA |
| Gold | Advanced Chemical Company | USA |
| Gold | Aida Chemical Industries Co., Ltd. | JAPAN |
| Gold | Al Etihad Gold LLC | UNITED ARAB EMIRATES |
| Gold | Allgemeine Gold-und Silberscheideanstalt A.G. | GERMANY |
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | UZBEKISTAN |
| Gold | AngloGold Ashanti Corrego do Sitio Mineracao | BRAZIL |
| Gold | Argor-Heraeus S.A. | SWITZERLAND |
| Gold | Asahi Pretec Corp. | JAPAN |
| Gold | Asahi Refining Canada Ltd. | CANADA |
| Gold | Asahi Refining USA Inc. | USA |
| Gold | Asaka Riken Co., Ltd. | JAPAN |
| Gold | AU Traders and Refiners | SOUTH AFRICA |
| Gold | Aurubis AG | GERMANY |
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | PHILIPPINES |
| Gold | Boliden AB | SWEDEN |
| Gold | C. Hafner GmbH + Co. KG | GERMANY |
| Gold | CCR Refinery - Glencore Canada Corporation | CANADA |
| Gold | Chimet S.p.A. | ITALY |
| Gold | Daejin Indus Co., Ltd. | KOREA (REPUBLIC OF) |
| Gold | DODUCO GmbH | GERMANY |
| Gold | Dowa | JAPAN |
| Gold | DSC (Do Sung Corporation) | KOREA (REPUBLIC OF) |
| Gold | Eco-System Recycling Co., Ltd. | JAPAN |
| Gold | Emirates Gold DMCC | UNITED ARAB EMIRATES |
| Gold | Geib Refining Corporation | USA |
| Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | CHINA |
| Gold | Heimerle + Meule GmbH | GERMANY |
| Gold | Heraeus Metals Hong Kong Ltd. | CHINA |
| Gold | Heraeus Precious Metals GmbH & Co. KG | GERMANY |
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | CHINA |
| Gold | Ishifuku Metal Industry Co., Ltd. | JAPAN |
| Gold | Istanbul Gold Refinery | TURKEY |
| Gold | Japan Mint | JAPAN |
| Gold | Jiangxi Copper Co., Ltd. | CHINA |
| Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | RUSSIAN FEDERATION |
| Gold | JSC Uralelectromed | RUSSIAN FEDERATION |
| Gold | JX Nippon Mining & Metals Co., Ltd. | JAPAN |
| Gold | Kazzinc | KAZAKHSTAN |
| Gold | Kennecott Utah Copper LLC | USA |
| Gold | Kojima Chemicals Co., Ltd. | JAPAN |
| Gold | Korea Zinc Co., Ltd. | KOREA (REPUBLIC OF) |
| Gold | Kyrgyzaltyn JSC | KYRGYZSTAN |
15
| Gold | LS-NIKKO Copper Inc. | KOREA (REPUBLIC OF) |
| Gold | Materion | USA |
| Gold | Matsuda Sangyo Co., Ltd. | JAPAN |
| Gold | Metalor Technologies (Hong Kong) Ltd. | CHINA |
| Gold | Metalor Technologies (Singapore) Pte., Ltd. | SINGAPORE |
| Gold | Metalor Technologies (Suzhou) Ltd. | CHINA |
| Gold | Metalor Technologies S.A. | SWITZERLAND |
| Gold | Metalor USA Refining Corporation | USA |
| Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | MEXICO |
| Gold | Mitsubishi Materials Corporation | JAPAN |
| Gold | Mitsui Mining and Smelting Co., Ltd. | JAPAN |
| Gold | MMTC-PAMP India Pvt., Ltd. | INDIA |
| Gold | Moscow Special Alloys Processing Plant | RUSSIAN FEDERATION |
| Gold | Nadir Metal Rafineri San. Ve Tic. A.S. | TURKEY |
| Gold | Nihon Material Co., Ltd. | JAPAN |
| Gold | Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH | AUSTRIA |
| Gold | Ohura Precious Metal Industry Co., Ltd. | JAPAN |
| Gold | OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) | RUSSIAN FEDERATION |
| Gold | OJSC Novosibirsk Refinery | RUSSIAN FEDERATION |
| Gold | PAMP S.A. | SWITZERLAND |
| Gold | Prioksky Plant of Non-Ferrous Metals | RUSSIAN FEDERATION |
| Gold | PT Aneka Tambang (Persero) Tbk | INDONESIA |
| Gold | PX Precinox S.A. | SWITZERLAND |
| Gold | Rand Refinery (Pty) Ltd. | SOUTH AFRICA |
| Gold | Republic Metals Corporation | USA |
| Gold | Royal Canadian Mint | CANADA |
| Gold | Samduck Precious Metals | KOREA (REPUBLIC OF) |
| Gold | SAXONIA Edelmetalle GmbH | GERMANY |
| Gold | Schone Edelmetaal B.V. | NETHERLANDS |
| Gold | SEMPSA Joyeria Plateria S.A. | SPAIN |
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | CHINA |
| Gold | Sichuan Tianze Precious Metals Co., Ltd. | CHINA |
| Gold | Singway Technology Co., Ltd. | TAIWAN |
| Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | RUSSIAN FEDERATION |
| Gold | Solar Applied Materials Technology Corp. | TAIWAN |
| Gold | Sumitomo Metal Mining Co., Ltd. | JAPAN |
| Gold | T.C.A S.p.A | ITALY |
| Gold | Tanaka Kikinzoku Kogyo K.K. | JAPAN |
| Gold | The Refinery of Shandong Gold Mining Co., Ltd. | CHINA |
| Gold | Tokuriki Honten Co., Ltd. | JAPAN |
| Gold | Torecom | KOREA (REPUBLIC OF) |
| Gold | Umicore Brasil Ltda. | BRAZIL |
| Gold | Umicore Precious Metals Thailand | THAILAND |
| Gold | Umicore S.A. Business Unit Precious Metals Refining | BELGIUM |
| Gold | United Precious Metal Refining, Inc. | USA |
| Gold | Valcambi S.A. | SWITZERLAND |
| Gold | Western Australian Mint (T/a The Perth Mint) | AUSTRALIA |
| Gold | WIELAND Edelmetalle GmbH | GERMANY |
| Gold | Yamamoto Precious Metal Co., Ltd. | JAPAN |
| Gold | Yokohama Metal Co., Ltd. | JAPAN |
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CHINA |
B. CFSI Participating Smelters and Refiners for 2016 | ||
16
| Metal | Smelter/Refiner Name | Smelter/Refiner Location |
| Tin | Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | VIET NAM |
| Tin | Gejiu Kai Meng Industry and Trade LLC | CHINA |
| Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | CHINA |
| Tin | Huichang Jinshunda Tin Co., Ltd. | CHINA |
| Tin | Modeltech Sdn Bhd | MALAYSIA |
| Tin | Nankang Nanshan Tin Manufactory Co., Ltd. | CHINA |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CHINA |
| Tungsten | Ganzhou Haichuang Tungsten Co., Ltd. | CHINA |
| Gold | Abington Reldan Metals, LLC | USA |
| Gold | Bangalore Refinery | INDIA |
| Gold | Cendres + Metaux S.A. | SWITZERLAND |
| Gold | HeeSung Metal Ltd. | KOREA (REPUBLIC OF) |
| Gold | KGHM Polska Miedz Spolka Akcyjna | POLAND |
| Gold | Marsam Metals | BRAZIL |
| Gold | Modeltech Sdn Bhd | MALAYSIA |
| Gold | Navoi Mining and Metallurgical Combinat | UZBEKISTAN |
| Gold | SungEel HiTech | KOREA (REPUBLIC OF) |
| Gold | Tony Goetz NV | BELGIUM |
C. Other Smelters and Refiners for 2016 | ||
| Metal | Smelter/Refiner Name | Smelter/Refiner Location |
| Tin | An Thai Minerals Co., Ltd. | VIET NAM |
| Tin | An Vinh Joint Stock Mineral Processing Company | VIET NAM |
| Tin | CNMC (Guangxi) PGMA Co., Ltd. | CHINA |
| Tin | Estanho de Rondonia S.A. | BRAZIL |
| Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. | CHINA |
| Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company | VIET NAM |
| Tin | Super Ligas | BRAZIL |
| Tin | Tuyen Quang Non-Ferrous Metals Joint Stock Company | VIET NAM |
| Tungsten | ACL Metais Eireli | BRAZIL |
| Tungsten | Dayu Weiliang Tungsten Co., Ltd. | CHINA |
| Tungsten | Ganzhou Yatai Tungsten Co., Ltd. | CHINA |
| Tungsten | Jiangxi Dayu Longxintai Tungsten Co., Ltd. | CHINA |
| Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. | CHINA |
| Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | TURKEY |
| Gold | Caridad | MEXICO |
| Gold | Chugai Mining | JAPAN |
| Gold | Daye Non-Ferrous Metals Mining Ltd. | CHINA |
| Gold | Degussa Sonne / Mond Goldhandel GmbH | GERMANY |
| Gold | Elemetal Refining, LLC | USA |
| Gold | Fidelity Printers and Refiners Ltd. | ZIMBABWE |
| Gold | Gansu Seemine Material Hi-Tech Co., Ltd. | CHINA |
| Gold | GCC Gujrat Gold Centre Pvt. Ltd. | INDIA |
| Gold | Great Wall Precious Metals Co., Ltd. of CBPM | CHINA |
| Gold | Guangdong Jinding Gold Limited | CHINA |
| Gold | Guoda Safina High-Tech Environmental Refinery Co., Ltd. | CHINA |
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| Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | CHINA |
| Gold | Hunan Chenzhou Mining Co., Ltd. | CHINA |
| Gold | HwaSeong CJ CO., LTD. | KOREA (REPUBLIC OF) |
| Gold | Italpreziosi | ITALY |
| Gold | Kaloti Precious Metals | UNITED ARAB EMIRATES |
| Gold | Kazakhmys Smelting LLC | KAZAKHSTAN |
| Gold | Kyshtym Copper-Electrolytic Plant ZAO | RUSSIAN FEDERATION |
| Gold | L'azurde Company For Jewelry | SAUDI ARABIA |
| Gold | Lingbao Gold Co., Ltd. | CHINA |
| Gold | Lingbao Jinyuan Tonghui Refinery Co., Ltd. | CHINA |
| Gold | L'Orfebre S.A. | ANDORRA |
| Gold | Luoyang Zijin Yinhui Gold Refinery Co., Ltd. | CHINA |
| Gold | Morris and Watson | NEW ZEALAND |
| Gold | Morris and Watson Gold Coast | AUSTRALIA |
| Gold | Pease & Curren | USA |
| Gold | Penglai Penggang Gold Industry Co., Ltd. | CHINA |
| Gold | Remondis Argentia B.V. | NETHERLANDS |
| Gold | SAAMP | FRANCE |
| Gold | Sabin Metal Corp. | USA |
| Gold | Safimet S.p.A | ITALY |
| Gold | SAFINA A.S. | CZECH REPUBLIC |
| Gold | Sai Refinery | INDIA |
| Gold | Samwon Metals Corp. | KOREA (REPUBLIC OF) |
| Gold | Shandong Tiancheng Biological Gold Industrial Co., Ltd. | CHINA |
| Gold | So Accurate Group, Inc. | USA |
| Gold | Sudan Gold Refinery | SUDAN |
| Gold | Tongling Nonferrous Metals Group Co., Ltd. | CHINA |
| Gold | TOO Tau-Ken-Altyn | KAZAKHSTAN |
| Gold | Universal Precious Metals Refining Zambia | ZAMBIA |
| Gold | Yunnan Copper Industry Co., Ltd. | CHINA |
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Table B
(as of April 20, 2017)
(as of April 20, 2017)
| Gold | Tantalum | Tin | Tungsten |
| Australia | Australia | Australia | Australia |
| Benin | Bolivia | Bolivia | Austria |
| Bolivia | Brazil | Brazil | Bolivia |
| Brazil | Burundi | Burundi | Brazil |
| Burkina Faso | China | China | Burundi |
| Canada | DRC | Colombia | Cambodia |
| Central African Republic | Ethiopia | DRC | Canada |
| Chile | France | Indonesia | China |
| China | Guinea | Laos | Colombia |
| Colombia | Guyana | Malaysia | DRC |
| DRC | India | Mongolia | Japan |
| Ecuador | Madagascar | Myanmar | Mexico |
| Eritrea | Malaysia | Nigeria | Mongolia |
| Finland | Mozambique | Peru | Nigeria |
| Ghana | Namibia | Portugal | Portugal |
| Guatemala | Nigeria | Russia | Russia |
| Guinea | Russia | Rwanda | Rwanda |
| Guyana | Rwanda | Thailand | Spain |
| Honduras | Sierra Leone | Uganda | Thailand |
| India | Thailand | Vietnam | USA |
| Indonesia | USA | Recycled | Uzbekistan |
| Kazakhstan | Vietnam | Vietnam | |
| Kyrgyzstan | Zimbabwe | Recycled | |
| Laos | Recycled | ||
| Mali | |||
| Mexico | |||
| Mongolia | |||
| New Zealand | |||
| Nicaragua | |||
| Panama | |||
| Peru | |||
| Poland | |||
| Russia | |||
| Senegal | |||
| South Africa | |||
| South Korea | |||
| South Sudan | |||
| Sudan | |||
| Sweden | |||
| Tajikistan | |||
| Tanzania | |||
| Togo | |||
| Turkey | |||
| USA | |||
| Uzbekistan | |||
| Zambia | |||
| Zimbabwe | |||
| Recycled |
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Helpful Resources
Acronyms Used in This Report
3TG | Tin, Tantalum, Tungsten or Gold |
| CFSI | Conflict-Free Sourcing Initiative |
| CFSP | Conflict-Free Smelter Program |
| CMRT | Conflict Minerals Reporting Template |
| DRC | Democratic Republic of the Congo |
| OECD | Organization for Economic Cooperation and Development |
| SEC | U.S. Securities and Exchange Commission |
Forward-Looking Statements
This Report contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements.
Where You Can Find Additional Information*
GE's Sustainability Report – Conflict Minerals
www.gesustainability.com/building-things-that-matter/supply-chain/conflict-minerals/
www.gesustainability.com/building-things-that-matter/supply-chain/conflict-minerals/
GE's Statement on Conflict Minerals
www.gesustainability.com/building-things-that-matter/supply-chain/conflict-minerals/
www.gesustainability.com/building-things-that-matter/supply-chain/conflict-minerals/
GE's Integrity Guide for Suppliers, Contractors and Consultants
www.gesupplier.com/html/SuppliersIntegrityGuide.htm
www.gesupplier.com/html/SuppliersIntegrityGuide.htm
GE's Code of Conduct: The Spirit & The Letter
www.ge.com/files/usa/citizenship/pdf/english.pdf
www.ge.com/files/usa/citizenship/pdf/english.pdf
Conflict-Free Sourcing Initiative
www.conflictfreesourcing.org/
www.conflictfreesourcing.org/
OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
www.oecd.org/daf/inv/mne/OECD-Due-Diligence-Guidance-Minerals-Edition3.pdf
www.oecd.org/daf/inv/mne/OECD-Due-Diligence-Guidance-Minerals-Edition3.pdf
GE's 2016 Annual Report on Form 10-K
www.ge.com/annualreport
www.ge.com/annualreport
*These web links are provided for convenience only, and the content on the referenced websites does not constitute a part of this Report.
GE and the GE logo are trademarks and service marks of General Electric Company. Other marks used throughout are trademarks and service marks of their respective owners.
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