Commitment to responsible purchasing
Minerals from high-risk areas
On August 22, 2012, the U.S. Securities and Exchange Commission adopted final rules to implement reporting and disclosure requirements related to “Conflict Minerals,” as directed by the Dodd-Frank Wall Street Reform and the Consumer Protection Act of 2010.
These rules require disclosure of whether certain products contain “conflict minerals” that are necessary to the “functionality or production” of those products.
The term “Conflict Minerals” refers to gold, tin, tantalum, and tungsten (“3T & G”), the derivatives of cassiterite, columbite-tantalite, and wolframite, regardless of where they are sourced, processed, or sold. The intent of these requirements is to further the humanitarian goal of ending violent conflict in the Democratic Republic of the Congo (DRC) and surrounding countries, which has been partially financed by the exploitation and trade of “Conflict Minerals.”
To comply with these requirements and check the origin of these minerals in our supply chain, we require some of our suppliers and subcontractors to fill in the “Conflict Minerals Reporting Template” available here and send it back to their usual contacts in the Michelin Group Purchasing Department.
Michelin complies with the Dodd-Frank law, which entered into force in 2010 and requires greater transparency regarding minerals that are used.
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