In August 2012, the United States Securities and Exchange Commission (“SEC”) adopted new regulations (the “SEC Regulations”) requiring certain companies to disclose their use of tin, tungsten, tantalum and gold (commonly referred to as the “3TGs” and known as “Conflict Minerals”) that originate from the Democratic Republic of the Congo (the “DRC”) and its adjoining countries (“Covered Countries”).
The objective of the SEC Regulations is to curtail the sale and trade of 3TGs that may be directly or indirectly financing armed conflict and human rights violations in the DRC.
Although Johnson Matthey is not currently directly obligated to comply with the SEC Regulations, it aims to promptly and accurately respond to stakeholder queries on the origin of any of the 3TGs used in products Johnson Matthey supplies to its customers.
Johnson Matthey North America has made a public declaration describing its policy on this subject. This is available on its website:
Johnson Matthey is in the process of conducting a “reasonable country of origin inquiry” with its suppliers of tin, tungsten, tantalum and gold designed to determine whether any such materials used by it originate in the Covered Countries or are from recycled or scrap sources.
Our inquiries thus far are giving us reasonable confidence that none of the 3TG materials utilized by Johnson Matthey are being sourced from the Covered Countries and, where possible, our suppliers have provided written confirmation to this effect.