At the forefront of conflict mineral compliance
Building and strengthening a responsible supply chain.
Leading in the Field of Conflict Minerals
Conflict Minerals are defined by the U.S. Securities and Exchange Commission (SEC) as tin, tantalum, tungsten and gold. In 2012, these four somewhat obscure minerals took center stage when the SEC published a set of regulations that required companies to report and perform due diligence on the source of these minerals within their supply chain. These requirements came in the form of section 1502 of the Dodd Frank Wall Street and Consumer Protection Act.
Almost overnight, section 1502 of Dodd Frank became a top concern of any US company that filed reports with the SEC. Companies now had to determine whether or not Conflict Minerals from the Democratic Republic of the Congo, or its adjoining countries, were necessary to the functionality or production of the end product.
TE is committed to ensuring the ethical and responsible sourcing of all material throughout our entire supply chain. We have established a global Conflict Minerals policy that strives for a Conflict Free supply chain by sourcing material from non-conflict sources. The same is expected from our suppliers as well, and we expect them to source material that does not support conflict or other human rights violations. As a global technology leader with many suppliers and products, TE recognized the importance of establishing a strong Conflict Minerals program from the very beginning.
The engineers at TE have been crucial to the success of our Conflict Minerals program, and their knowledge and detailed understanding of TE products have been invaluable. From validating blueprints to ensuring accurate reporting from suppliers on a part level, we would not be able to provide the high level of accuracy in our reports without support from TE’s engineers.
TE has collaborated with both federal organizations and industry associations to further advance public understanding of the Conflict Minerals regulation. We continually work with our suppliers to build strong and sustainable Conflict Minerals programs of their own, and have invested significant resources to assist our suppliers with strengthening their own due diligence measures to ensure accurate Conflict Minerals reporting. The collecting and validating of our suppliers Conflict Minerals information remains a top priority to TE. By placing such an importance on validation, we ensure accuracy not only in our reporting, but in our customers as well.
Our hard work and determination in this field has not gone unnoticed. In 2015, TE’s Jennifer Prisco was named the fourth most influential leader in Assent Compliance’s list of the Top 100 Conflict Minerals Influence Leaders. Jennifer, who serves as Senior Counsel to TE’s Global Supply Chain, has been a speaker at numerous industry conferences, discussing the need for cross collaborative efforts with external stakeholders to address conflict minerals concerns throughout the supply chain.
In its short existence, the Conflict Minerals regulation itself has already changed due to federal litigation modifying what companies are required to disclose in their yearly SEC reports. TE’s Conflict Minerals program continues to evolve and adapt to this rapidly changing industry. TE has emerged as a leader in the Conflict Minerals field, and we recognize the importance of supplying our customers with a transparent and accurate representation of our supply chain which we will continue to provide.