Exhibit 1.01
Conflict Minerals Report of Williams-Sonoma, Inc. in Accordance with Rule 13p-1 under
the Securities and Exchange Act of 1934
Section 1. Introduction
This is the Conflict Minerals Report of Williams-Sonoma, Inc. (the “Company”) for calendar year 2015 in accordance with Rule 13p-1 (“Rule 13p-1” or the “Conflict Minerals Rule”) under the Securities and Exchange Act of 1934 (the “1934 Act”). The date of filing of this report is May 31, 2016.
This Report contains information regarding all of the Company’s merchandising strategies (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation, and Mark and Graham). Please refer to Rule 13p-1, Form SD and the 1934 Act Release No. 34-67716 for definitions to the terms used in this Report, unless otherwise defined herein.
This report is available at http://ir.williams-sonomainc.com/sec-filings.
Section 2. Overview
As a retailer of consumer products, the Company is several levels removed from the mining of conflict minerals, does not make direct purchases of raw or unrefined minerals and makes no purchases in a Covered Country (as defined below).
The Company and its merchandising strategies are retailers of high-quality consumer products for the kitchen and home, including kitchen essentials, dinnerware, cookware, electrics, cutlery, furniture, bedding, bathroom accessories, lighting, decorative accessories, rugs, curtains, gifts, hardware, small leather goods, jewelry, and home décor. The Company’s merchandising strategies contract to manufacture some, although not all, of the products they sell. In 2015, the Company purchased merchandise from over 400 suppliers.
Tin, tungsten, tantalum or gold (“3TGs”) are necessary to the functionality of certain lighting and decorative accessories products that the Company contracts to be manufactured (“In-Scope Products”).
Section 3. Conflict Minerals Policy
The Company is committed to corporate responsibility and sustainable practices as is evidenced by our various policies. The Company has established a policy indicating our ongoing efforts in responsible sourcing of Conflict Minerals by our suppliers. The policy is reviewed each year and sent to suppliers for a yearly acknowledgment.
Section 4. Reasonable Country of Origin Inquiry Information
As required by the Conflict Minerals Rule, the Company conducted a “reasonable country of origin inquiry” (“RCOI”). We designed our RCOI in good faith in an attempt to determine the origin of 3TGs that are necessary to the functionality or production of products that we contract to manufacture. Members of the Company’s Legal Department and Sustainable Development Department identified suppliers of the In-Scope Products that the Company contracted to have manufactured. These suppliers were generally suppliers of lighting products and decorative accessories. All identified suppliers of the In-Scope products, approximately 145 suppliers, were contacted as part of our outreach efforts.
Based on our 2015 RCOI, these suppliers identified over 270 smelters and refiners that may be in our supply chain, which the Company believes represent the majority of the relevant smelters and refiners. Two suppliers were unable to obtain information regarding smelters because they were several levels removed from the mining of the 3TGs. Based on our RCOI, for the smelters that were identified, the Company concluded that all but one of these smelters and refiners sourced entirely from outside Democratic Republic of Congo or an adjoining country (“Covered Country”). The smelter located in a Covered Country (Rwanda) is currently working toward certification as conflict-free in accordance with the Conflict-Free Sourcing Initiative (“CFSI”) program and is expected to receive certification as a CFSI smelter.
Section 5. Due Diligence Procedures Performed
The due diligence exercise performed by the Company conformed to an internationally recognized due diligence framework developed by the Organization for Economic Cooperation and Development as part of its “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas” (collectively, the “OECD Guidance”).
In accordance with the OECD Guidance, the Company’s due diligence exercise included: 1) review of the previously-adopted Conflict Minerals Policy, which was then sent to relevant suppliers of the Company’s products; 2) review and assessment of risk in our Company’s supply chain; and 3) review of the strategy to identify and respond to risks in the supply chain. There were no significant changes to the due diligence process since December 31, 2014, the end of the period covered in the Company’s most recent prior Conflict Minerals Report.
Use of EICC-GsSI Conflict Minerals Reporting Template
In performing our due diligence for 2015, the Company continued to use the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative’s (“EICC-GsSI”) Conflict Minerals Reporting Template (“CMRT”). The Company contacted each supplier and requested that it complete the EICC-GsSI CMRT.
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Use of a Third-Party Platform for Responses, Support and Review
A third-party vendor was used to streamline this process by allowing suppliers to enter responses via the online EICC-GsSI CMRT. This vendor provided support for suppliers in completing the survey and also aggregated the data provided by suppliers so that the Company could review and analyze the data. The vendor also sent reminder emails to each non-responsive supplier requesting completion of the report.
Upon completion of the reports, the vendor then reviewed the responses for plausibility, consistency and gaps as identified in its procedures. It followed up by email or phone with suppliers that submitted a response that triggers specified quality control flags, for example, incomplete responses, failure to acknowledge the conflict minerals policy or listing a smelter in a Covered Country.
Responses from Suppliers
The Company requested that each supplier identify whether 3TGs are used in items produced for the Company, whether the minerals were recycled or scrap, and if not recycled or scrap, all the smelters in the supplier’s supply chain, including the name and country of the smelter, and whether those smelters had been validated as conflict-free in accordance with the CFSI program. The Company performed a good-faith review of the responses received from suppliers and performed an assessment of the data and requested additional information from suppliers as appropriate. As noted in Section 4, only one relevant smelter was located in a Covered Country, and that smelter is currently obtaining CFSI certification. All suppliers were asked to review the Conflict Minerals Policy and to sign a form acknowledging the policy.
Additional due diligence measures undertaken by the Company in 2015 are outlined below.
| • | Internal Management Team.The Company formed a cross-functional Conflict Minerals compliance team to oversee the diligence process, which consisted of key personnel in the following departments: Global Operations, Sustainable Development, Legal and Accounting. |
| • | External Resources.The Company also used specialist outside counsel and a third-party software platform to assist with RCOI and due diligence. |
| • | Data Collection and Retention. The Company used a software platform for its collection of information from suppliers regarding their use of 3TGs. The Company plans to maintain these records on the software platform. |
| • | Reports to Senior Management. Members of the cross-functional Conflict Minerals compliance team periodically reported to the Company’s General Counsel and Chief Financial Officer on various aspects of the Company’s conflict minerals compliance program, including mitigation efforts, progress and effectiveness of the Conflict Minerals Policy. |
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| • | Risk Management Plan. The Company undertook risk mitigation efforts as deemed to be appropriate based on the findings of our supply chain risk assessment. We determined our risk mitigation efforts on a case-by-case basis, considering the particular facts and circumstances and risks identified. For example, the Company asked suppliers who could not identify smelter information for their sources of 3TGs to replace them with 3TGs that come from an identifiable smelter. For the supplier who identified a smelter in a Covered Country, we engaged with that smelter and learned that they would be working toward certification under the CFSI program. |
Section 6. Product Information
Tin, tungsten, tantalum or gold are necessary to the functionality of certain lighting and decorative accessories products that the Company contracts to be manufactured. The In-Scope Products are lighting and decorative accessories, including some seasonal merchandise, bath hardware, jewelry and tabletop items.
Section 7. Identified Suppliers of Products – Country of Origin Inquiry
Due diligence revealed that necessary 3TGs used in In-Scope Products were derived from the smelters identified below. One smelter, Phoenix Metal Ltd., was located in a Covered Country. This list only includes smelter information provided by those suppliers who completed the CMRT.
SMELTER | COUNTRY | COMPLIANCE | ||
A.L.M.T. Corp. | Japan | Compliant | ||
Accurate Refining Group | United States | Identified | ||
Advanced Chemical Company | United States | Active | ||
Aida Chemical Industries Co., Ltd. | Japan | Compliant | ||
Aktyubinsk Copper Company TOO | Kazakhstan | Identified | ||
Al Etihad Gold Refinery DMCC | United Arab Emirates | Identified | ||
Allgemeine Gold-und Silberscheideanstalt A.G. | Germany | Compliant | ||
Almalyk Mining and Metallurgical Complex (AMMC) | Uzbekistan | Active | ||
Alpha | United States | Compliant | ||
Amagasaki Factory, Hyogo Prefecture, Japan | Japan | Compliant | ||
AngloGold Ashanti Córrego do Sítio Minerção | Brazil | Compliant | ||
Anhui Tongling Nonferrous Metal Mining Co., Ltd. | China | Identified | ||
Argor-Heraeus SA | Switzerland | Compliant | ||
Asaka Riken Co., Ltd. | Japan | Compliant | ||
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Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | Turkey | Compliant | ||
Aurubis AG | Germany | Compliant | ||
Avon Specialty Metals Ltd | United Kingdom | Unknown | ||
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines | Compliant | ||
Bauer Walser AG | Germany | Identified | ||
Boliden AB | Sweden | Compliant | ||
C. Hafner GmbH + Co. KG | Germany | Compliant | ||
Caridad | Mexico | Identified | ||
CCR Refinery - Glencore Canada Corporation | Canada | Compliant | ||
Cendres + Métaux SA | Switzerland | Active | ||
Changsha South Tantalum Niobium Co., Ltd. | China | Compliant | ||
Chenzhou Diamond Tungsten Products Co., Ltd. | China | Compliant | ||
Chimet S.p.A. | Italy | Compliant | ||
China Tin Group Co., Ltd. | China | Compliant | ||
China’s Shandong Gold Mining Co., Ltd | China | Compliant | ||
Chongyi Zhangyuan Tungsten Co., Ltd. | China | Compliant | ||
Chugai Mining | Japan | Identified | ||
CNMC (Guangxi) PGMA Co., Ltd. | China | Identified | ||
Conghua Tantalum and Niobium Smeltry | China | Compliant | ||
Cooperativa Metalurgica de Rondônia Ltda. | Brazil | Compliant | ||
CV Gita Pesona | Indonesia | Compliant | ||
CV Serumpun Sebalai | Indonesia | Compliant | ||
CV United Smelting | Indonesia | Compliant | ||
D Block Metals, LLC | United States | Compliant | ||
Daejin Indus Co. Ltd | Republic of Korea | Active | ||
Daye Non-Ferrous Metals Mining Ltd. | China | Identified | ||
Dayu Weiliang Tungsten Co., Ltd. | China | Active | ||
Do Sung Corporation | Republic of Korea | Active | ||
Doduco GmbH | Germany | Compliant | ||
Dowa | Japan | Compliant | ||
Dowa (Separate Smelter ID) | Japan | Compliant | ||
Duoluoshan | China | Compliant | ||
Eco-System Recycling Co., Ltd. | Japan | Compliant | ||
Elemetal Refining, LLC | United States | Compliant | ||
EM Vinto | Bolivia | Compliant | ||
Emirates Gold DMCC | United Arab Emirates | Compliant | ||
Estanho de Rondañia S.A. | Brazil | Identified | ||
Exotech Inc. | United States | Compliant | ||
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F&X Electro-Materials Ltd. | China | Compliant | ||
Faggi Enrico S.p.A. | Italy | Active | ||
Fenix Metals | Poland | Compliant | ||
FIR Metals & Resource Ltd. | China | Compliant | ||
Fujian Jinxin Tungsten Co., Ltd. | China | Compliant | ||
Gansu Seemine Material Hi-Tech Co., Ltd. | China | Identified | ||
Ganzhou Huaxing Tungsten Products Co., Ltd. | China | Compliant | ||
Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China | Compliant | ||
Ganzhou Non-Ferrous Metals Smelting Co., Ltd. | China | Active | ||
Ganzhou Seadragon W & Mo Co., Ltd. | China | Compliant | ||
Geib Refining Corporation | United States | Active | ||
Gejiu Kai Meng Industry and Trade LLC | China | Active | ||
Gejiu Non-Ferrous Metal Processing Co., Ltd. | China | Compliant | ||
Gejiu Zili Mining And Metallurgy Co., Ltd. | China | Identified | ||
Global Advanced Metals Aizu | Japan | Compliant | ||
Global Advanced Metals Boyertown | United States | Compliant | ||
Global Tungsten & Powders Corp. | United States | Compliant | ||
Guangdong Jinding Gold Limited | China | Identified | ||
Guangdong Xianglu Tungsten Co., Ltd. | China | Compliant | ||
Guangdong Zhiyuan New Material Co., Ltd. | China | Compliant | ||
Guizhou Zhenhua Xinyun Technology Ltd., Kaili branch | China | Identified | ||
Guoda Safina High-Tech Environmental Refinery Co., Ltd. | China | Identified | ||
H.C. Starck Co., Ltd. | Thailand | Compliant | ||
H.C. Starck GmbH | Germany | Compliant | ||
H.C. Starck GmbH Goslar | Germany | Compliant | ||
H.C. Starck GmbH Laufenburg | Germany | Compliant | ||
H.C. Starck Hermsdorf GmbH | Germany | Compliant | ||
H.C. Starck Inc. | United States | Compliant | ||
H.C. Starck Ltd. | Japan | Compliant | ||
H.C. Starck Smelting GmbH & Co.KG | Germany | Compliant | ||
H.C. Starck Smelting GmbH & Co.KG (Separate Smelter ID) | Germany | Compliant | ||
Hangzhou Fuchunjiang Smelting Co., Ltd. | China | Identified | ||
Heimerle + Meule GmbH | Germany | Compliant | ||
Hengyang King Xing Lifeng New Materials Co., Ltd. | China | Compliant | ||
Heraeus Ltd. Hong Kong | China | Compliant | ||
Heraeus Precious Metals GmbH & Co. KG | Germany | Compliant | ||
Hi-Temp | United States | Compliant | ||
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Huichang Jinshunda Tin Co. Ltd | China | Identified | ||
Hunan Chenzhou Mining Group Co., Ltd. | China | Compliant | ||
Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji | China | Active | ||
Hunan Chunchang Nonferrous Metals Co., Ltd. | China | Compliant | ||
Hwasung CJ Co., Ltd. | Republic of Korea | Identified | ||
Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited | China | Identified | ||
Ishifuku Metal Industry Co., Ltd. | Japan | Compliant | ||
Istanbul Gold Refinery | Turkey | Compliant | ||
Japan Mint | Japan | Compliant | ||
Japan New Metals Co., Ltd. | Japan | Compliant | ||
Jiangxi Copper Company Limited | China | Compliant | ||
Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | China | Compliant | ||
Jiangxi Gan Bei Tungsten Co., Ltd. | China | Compliant | ||
Jiangxi Ketai Advanced Material Co., Ltd. | China | Compliant | ||
Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | China | Identified | ||
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China | Active | ||
Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China | Active | ||
Jiangxi Yaosheng Tungsten Co., Ltd. | China | Active | ||
JiuJiang JinXin Nonferrous Metals Co., Ltd. | China | Compliant | ||
JiuJiang Tanbre Co., Ltd. | China | Compliant | ||
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China | Identified | ||
Johnson Matthey Inc. | United States | Compliant | ||
Johnson Matthey Limited | Canada | Compliant | ||
JSC Ekaterinburg Non-Ferrous Metal Processing Plant | Russian Federation | Compliant | ||
JSC Uralelectromed | Russian Federation | Compliant | ||
JX Nippon Mining & Metals Co., Ltd. | Japan | Compliant | ||
Kazakhmys Smelting LLC | Kazakhstan | Identified | ||
Kazzinc | Kazakhstan | Compliant | ||
KEMET Blue Metals | Mexico | Compliant | ||
KEMET Blue Powder | United States | Compliant | ||
Kennametal Fallon | United States | Active | ||
Kennametal Huntsville | United States | Compliant | ||
Kennecott Utah Copper LLC | United States | Compliant | ||
KGHM Polska Miedz Spolka Akcyjna | Poland | Active | ||
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King-Tan Tantalum Industry Ltd. | China | Compliant | ||
Kojima Chemicals Co., Ltd | Japan | Compliant | ||
Republic of Korea Metal Co., Ltd. | Republic of Korea | Identified | ||
Republic of Korea Zinc Co. Ltd. | Republic of Korea | Identified | ||
Kyrgyzaltyn JSC | Kyrgyzstan | Identified | ||
L’ azurde Company For Jewelry | Saudi Arabia | Active | ||
Lingbao Gold Company Limited | China | Identified | ||
Lingbao Jinyuan Tonghui Refinery Co., Ltd. | China | Identified | ||
Linwu Xianggui Ore Smelting Co., Ltd. | China | Identified | ||
LSM Brasil S.A. | Brazil | Compliant | ||
LS-NIKKO Copper Inc. | Republic of Korea | Compliant | ||
Luoyang Zijin Yinhui Metal Smelt Co Ltd | China | Identified | ||
Magnu’s Minerais Metais e Ligas Ltda. | Brazil | Compliant | ||
Malaysia Smelting Corporation (MSC) | Malaysia | Compliant | ||
Malipo Haiyu Tungsten Co., Ltd. | China | Compliant | ||
Materion | United States | Compliant | ||
Matsuda Sangyo Co., Ltd. | Japan | Compliant | ||
Melt Metais e Ligas S/A | Brazil | Compliant | ||
Metalúrgica MET-MEX PEÑOLES, S.A. DE C.V | Mexico | Compliant | ||
Metallic Resources, Inc. | United States | Compliant | ||
Metallo-Chimique N.V. | Belgium | Compliant | ||
Metallurgical Products India (Pvt.) Ltd. | India | Compliant | ||
Metalor Technologies (Hong Kong) Ltd. | China | Compliant | ||
Metalor Technologies (Singapore) Pte., Ltd. | Singapore | Compliant | ||
Metalor Technologies (Suzhou) Ltd. | China | Active | ||
Metalor Technologies SA | Switzerland | Compliant | ||
Metalor USA Refining Corporation | United States | Compliant | ||
Mineração Taboca S.A. | Brazil | Compliant | ||
Minsur | Peru | Compliant | ||
Mitsubishi Materials Corporation | Japan | Compliant | ||
Mitsui Mining and Smelting Co., Ltd. | Japan | Compliant | ||
MMTC-PAMP India Pvt., Ltd. | India | Compliant | ||
Molycorp Silmet A.S. | Estonia | Compliant | ||
Morris and Watson | New Zealand | Identified | ||
Moscow Special Alloys Processing Plant | Russian Federation | Compliant | ||
Nadir Metal Rafineri San. Ve Tic. A.Ş. | Turkey | Compliant | ||
Nankang Nanshan Tin Manufactory Co., Ltd. | China | Identified | ||
Navoi Mining and Metallurgical Combinat | Uzbekistan | Active | ||
Nihon Material Co., Ltd. | Japan | Compliant | ||
Ningxia Orient Tantalum Industry Co., Ltd. | China | Compliant | ||
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Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC | Vietnam | Compliant | ||
Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH | Austria | Compliant | ||
O.M. Manufacturing (Thailand) Co., Ltd. | Thailand | Compliant | ||
O.M. Manufacturing Philippines, Inc. | Philippines | Compliant | ||
Ohura Precious Metal Industry Co., Ltd. | Japan | Compliant | ||
OJSC Kolyma Refinery | Russian Federation | Unknown | ||
OJSC Krastvetmet | Russian Federation | Compliant | ||
OJSC Novosibirsk Refinery | Russian Federation | Compliant | ||
Operaciones Metalurgical S.A. | Bolivia | Compliant | ||
PAMP SA | Switzerland | Compliant | ||
Phoenix Metal Ltd. | Rwanda | Active | ||
Plansee SE Liezen | Austria | Compliant | ||
Plansee SE Reutte | Austria | Compliant | ||
Prioksky Plant of Non-Ferrous Metals | Russian Federation | Compliant | ||
PT Alam Lestari Kencana | Indonesia | Identified | ||
PT Aneka Tambang (Persero) Tbk | Indonesia | Compliant | ||
PT Aries Kencana Sejahtera | Indonesia | Compliant | ||
PT Artha Cipta Langgeng | Indonesia | Compliant | ||
PT ATD Makmur Mandiri Jaya | Indonesia | Compliant | ||
PT Babel Inti Perkasa | Indonesia | Compliant | ||
PT Bangka Kudai Tin | Indonesia | Identified | ||
PT Bangka Putra Karya | Indonesia | Unknown | ||
PT Bangka Timah Utama Sejahtera | Indonesia | Identified | ||
PT Bangka Tin Industry | Indonesia | Compliant | ||
PT Belitung Industri Sejahtera | Indonesia | Compliant | ||
PT BilliTin Makmur Lestari | Indonesia | Compliant | ||
PT Bukit Timah | Indonesia | Compliant | ||
PT DS Jaya Abadi | Indonesia | Compliant | ||
PT Eunindo Usaha Mandiri | Indonesia | Compliant | ||
PT Fang Di MulTindo | Indonesia | Identified | ||
PT Inti Stania Prima | Indonesia | Compliant | ||
PT Justindo | Indonesia | Compliant | ||
PT Karimun Mining | Indonesia | Active | ||
PT Mitra Stania Prima | Indonesia | Compliant | ||
PT Panca Mega Persada | Indonesia | Compliant | ||
PT Pelat Timah Nusantara Tbk | Indonesia | Identified | ||
PT Prima Timah Utama | Indonesia | Compliant | ||
PT Refined Bangka Tin | Indonesia | Compliant | ||
PT Sariwiguna Binasentosa | Indonesia | Compliant | ||
PT Seirama Tin Investment | Indonesia | Identified | ||
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PT Stanindo Inti Perkasa | Indonesia | Compliant | ||
PT Sumber Jaya Indah | Indonesia | Compliant | ||
PT Timah (Persero) Tbk Kundur | Indonesia | Compliant | ||
PT Timah (Persero) Tbk Mentok | Indonesia | Compliant | ||
PT Tinindo Inter Nusa | Indonesia | Compliant | ||
PT Tommy Utama | Indonesia | Compliant | ||
PT Wahana Perkit Jaya | Indonesia | Compliant | ||
PX Précinox SA | Switzerland | Compliant | ||
QuantumClean | United States | Compliant | ||
Rand Refinery (Pty) Ltd. | South Africa | Compliant | ||
Republic Metals Corporation | United States | Compliant | ||
Resind Indústria e Comércio Ltda. | Brazil | Compliant | ||
RFH Tantalum Smeltry Co., Ltd. | China | Compliant | ||
Royal Canadian Mint | Canada | Compliant | ||
Rui Da Hung | Taiwan | Compliant | ||
Sabin Metal Corp. | United States | Identified | ||
Samduck Precious Metals | Republic of Korea | Active | ||
Samwon Metals Corp. | Republic of Korea | Identified | ||
Saxonia Edelmetalle GmbH | Germany | Active | ||
Schone Edelmetaal B.V. | Netherlands | Compliant | ||
Sempsa Joyería Platería SA | Spain | Compliant | ||
Shandong Tiancheng Biological Gold Industrial Co., Ltd. | China | Identified | ||
Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | China | Compliant | ||
Sichuan Tianze Precious Metals Co., Ltd. | China | Compliant | ||
Singway Technology Co., Ltd. | Taiwan | Compliant | ||
SOE Shyolkovsky Factory of Secondary Precious Metals | Russian Federation | Compliant | ||
Soft Metais Ltda. | Brazil | Compliant | ||
Solar Applied Materials Technology Corp. | Taiwan | Compliant | ||
Solikamsk Magnesium Works OAO | Russian Federation | Compliant | ||
Sumitomo Metal Mining Co., Ltd. | Japan | Compliant | ||
T.C.A S.p.A | Italy | Compliant | ||
Taki Chemicals | Japan | Compliant | ||
Tanaka Kikinzoku Kogyo K.K. | Japan | Compliant | ||
Tejing (Vietnam) Tungsten Co., Ltd. | Vietnam | Compliant | ||
Telex Metals | United States | Compliant | ||
Thaisarco | Thailand | Compliant | ||
The Great Wall Gold and Silver Refinery of China | China | Identified | ||
Tokuriki Honten Co., Ltd. | Japan | Compliant | ||
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Torecom | Republic of Korea | Active | ||
Tranzact, Inc. | United States | Compliant | ||
Ulba | Kazakhstan | Compliant | ||
Umicore Brasil Ltda. | Brazil | Compliant | ||
Umicore Precious Metals Thailand | Thailand | Compliant | ||
Umicore SA Business Unit Precious Metals Refining | Belgium | Compliant | ||
United Precious Metal Refining, Inc. | United States | Compliant | ||
Valcambi SA | Switzerland | Compliant | ||
Vietnam Youngsun Tungsten Industry Co., Ltd | Vietnam | Compliant | ||
Western Australian Mint trading as The Perth Mint | Australia | Compliant | ||
White Solder Metalurgia e Mineração Ltda. | Brazil | Compliant | ||
WIELAND Edelmetalle GmbH | Germany | Active | ||
Wolfram Bergbau und Hütten AG | Austria | Compliant | ||
Xiamen Tungsten (H.C.) Co., Ltd. | China | Compliant | ||
Xiamen Tungsten Co., Ltd. | China | Compliant | ||
Xinhai Rendan Shaoguan Tungsten Co., Ltd. | China | Compliant | ||
XinXing HaoRong Electronic Material Co., Ltd. | China | Compliant | ||
Xizmen Tungsten Co., Ltd. | China | Unknown | ||
YAMAMOTO PRECIOUS METAL CO., LTD. | Japan | Compliant | ||
Yichun Jin Yang Rare Metal Co., Ltd. | China | Compliant | ||
Yokohama Metal Co., Ltd. | Japan | Compliant | ||
Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | China | Active | ||
Yunnan Copper Industry Co Ltd | China | Identified | ||
Yunnan Tin Company, Ltd. | China | Compliant | ||
Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China | Compliant | ||
Zhuzhou Cement Carbide | China | Compliant | ||
Zijin Mining Group Co. Ltd | China | Compliant | ||
Other than the information provided above regarding the facilities used to process the 3TGs, there were two suppliers who were unable to determine the country of origin of the facilities used to process 3TGs.
The description of the Company’s due diligence exercise set forth above under the heading “Due Diligence” explains the Company’s efforts to determine the mine or location of origin with the greatest possible specificity.
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Section 8. Future Efforts to Mitigate Risk
The Company intends to continuously improve upon its due diligence efforts related to 3TGs. The Company will continue to:
| • | Use revised and updated versions of the CMRT for its survey tools; |
| • | Monitor and encourage the continued development and progress of traceability measures for suppliers; and |
| • | Engage with suppliers to provide responses or complete responses in 2016. |
Section 9. Forward Looking Statements
This document contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or are proven incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. You can identify some of the forward-looking statements by the use of forward-looking words, such as “intend” or the use of future tense. Statements concerning current conditions may also be forward-looking if they imply a continuation of current conditions. Examples of forward-looking statements include, but are not limited to, statements concerning the additional steps that the Company intends to take to mitigate risk with respect to 3TGs used in our products and that a smelter in a Covered Country is expected to receive certification as a CFSI smelter.
The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: (1) the continued implementation of satisfactory traceability and other compliance measures by the Company’s direct, on a timely basis or at all, (2) whether suppliers and other market participants responsibly source 3TGs, and (3) political and regulatory developments, whether in the DRC region, the United States, or elsewhere. You are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of filing of this document. All forward-looking statements in this Report are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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