Conflict Minerals Policy Statement
Servotronics, Inc. and its subsidiaries (“Servotronics”) support ending the violence and human rights violations in the mining of certain minerals from a location described as the “Conflict Region”, currently comprised of an area located in the eastern portion of the Democratic Republic of the Congo (DRC) and the surrounding countries. Some mining operations in the DRC have been linked to poor labor and environmental practices, and there is evidence that some mining and transportation of minerals in the DRC are funding conflict in the country by funding illegal armed groups. As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the United States Securities and Exchange Commission (SEC) passed regulations which requires U.S. companies to report on the origin of these conflict minerals including tin, tantalum, tungsten and gold.
Servotronics is committed to ethical practices and compliance with all applicable laws and regulations. While we do not source these metals directly, they may exist in the materials and components we source. We are therefore committed to working with our customers and suppliers to responsibly source the materials and components we use in manufacturing our products. To comply with the SEC reporting regulations relating to conflict minerals, we have either obtained, or are in the process of obtaining, all pertinent information from our current suppliers concerning the origin of the metals that are used in the manufacture of our products. Based upon the information provided by our supply chain, Servotronics does not knowingly make use of metals sourced from the Conflict Region in our products.
All current and future suppliers of metals deemed conflict minerals under applicable law that are used in the manufacture of our products must demonstrate that they understand the laws governing conflict minerals, including Section 1502 of the Dodd-Frank Act and applicable SEC regulations, and will not knowingly procure specified metals that originate from the Conflict Region. Suppliers who are non-compliant to these requirements shall be reviewed by our purchasing managers for future business.
Servotronics, Inc. Conflict Mineral Disclosure Report for the year ended December 31, 2022 has been filed with the Security and Exchange Commission. Click here to view the report at the SEC.