Conflict Minerals Policy
Stanley Mfg. Company is concerned that the trade of conflict minerals mined in the eastern provinces of the Democratic Republic of the Congo (DRC) may be fueling human rights atrocities in the region. As a result, we support the actions of governments and organizations to increase supply chain transparency and enable companies to source conflict-free minerals.
On August 22, 2012, the U.S. Securities and Exchange Commission (SEC) approved the final rule regarding the sourcing of conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under this rule, publicly traded companies must report to the SEC the presence of conflict minerals originating in the DRC or adjoining countries in the products they manufacture or contract to manufacture if the conflict minerals are necessary to the functionality or production of a product. Stanley Mfg. Company supports our SEC clients in polling and auditing our supply chain for information to this effect.
While almost none of our products contain 3TG minerals (less than 10% of products by revenue and less than 10% content in those products) we have identified the sources for these minerals as compliant from conflict-free smelters. Stanley Mfg. Company is committed to ensuring no materials we purchase or use originate in DRC conflict zones and our suppliers are expected to do the same by sending a reporting template identifying smelters used or by signing a declaration that no conflict minerals are used in the products provided to us.