Sustainable Management
For a sustainable future for all
Management Policy for Conflict Minerals
JINSUNG C&I will actively participate in international efforts to prohibit the use of conflict minerals with suppliers and customers, thereby fulfilling its social responsibility to protect human rights in the Democratic Republic of the Congo and neighboring countries.
Conflict minerals refer to minerals such as tin, tantalum, tungsten, and gold produced in countries experiencing conflict, including the Democratic Republic of the Congo and neighboring countries. Funds generated from the sale of conflict minerals often flow to armed groups within these countries, leading to the massacre of civilians. Moreover, human rights abuses such as child labor, forced labor, and violence against women occur during the mining process.
In response to growing international concerns, the US Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, which mandates reporting on the use of conflict minerals. Pursuant to Section 1502 of the Act, companies listed on US stock exchanges are required to investigate the use and origin of conflict minerals in their supply chains and report the findings to the US Securities and Exchange Commission (SEC).
JINSUNG C&I will act as a responsible corporate citizen to ensure that conflict minerals associated with armed groups in conflict-affected areas are not included in our supply chain for product manufacturing.
Applying International Standards for Conflict Minerals Regulation
We will establish business processes for conflict minerals compliance by applying international standards regulating conflict minerals. Additionally, we will actively support initiatives aimed at prohibiting the use of conflict minerals led by EICC (Electronic Industry Citizenship Coalition) and GeSI (Global e-Sustainability Initiative).
Implementation of EICC-GeSI Conflict Minerals Reporting Template
We will utilize the Conflict Minerals Reporting Template provided by EICC-GeSI to identify all smelters and their locations involved in the refining of tin, tantalum, tungsten, and gold used in our products.
Requesting Participation from Suppliers
We will request suppliers to submit the Conflict Minerals Reporting Template and provide written confirmation that they do not use conflict minerals.
Supporting Purchases from Certified Smelters
We will support suppliers in purchasing conflict minerals from smelters certified under the Conflict-Free Smelter Program. (The list of conflict-free smelters is available on the CFS List website.)
Establishing Audit Procedures according to OECD Guidelines
We will establish audit procedures in accordance with the OECD Due Diligence Guidance, and if necessary, conduct audits of the procedures and documentation performed by suppliers for conflict minerals reporting.
Supplier Performance Policy
JINSUNG C&I requires all its suppliers to be well-versed in US conflict mineral-related laws and to strictly adhere to the company's conflict mineral management policy, ensuring consistent application throughout the supply chain.
For this purpose, suppliers of JINSUNG C&I are required to follow the procedures outlined below. If JINSUNG C&I does not receive sufficient information from its suppliers to confirm the use of conflict minerals or if the supplier provides inaccurate information, and if risks within the supplier's supply chain are identified but not addressed, JINSUNG C&I reserves the right to suspend transactions with the respective supplier.
Establishing a Conflict Minerals Management Policy and Procedures
Suppliers are required to establish documented conflict minerals management policies and procedures to ensure that the products supplied to JINSUNG C&I do not contain conflict minerals that contribute to armed groups in the Democratic Republic of the Congo or its adjoining countries.
Identifying Names and Locations of Smelters Where Conflict Minerals Were Purchased
Suppliers must make efforts to identify all the names and locations of smelters where conflict minerals within the supply chain were purchased.
Preparation of Conflict Minerals Usage Reporting Questionnaires
Suppliers are obligated to prepare and submit conflict minerals usage reporting questionnaires promptly upon request from JINSUNG C&I.
Timely Corrective Actions in Case of Identified Risks
Suppliers must promptly take corrective actions if risks are identified within the supply chain.