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Policy NumberPolicyPEICMP02 Organizational Units AffectedSubjectAll Presto lite Owned or Controlled Entities Effective DateVersion6/30/2014CONFLICT MINERALS Amends/Replaces1.0POLICY AND PURPOSE: As
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How to fill out conflict minerals policy

01
To fill out a conflict minerals policy, you can follow these steps:
02
Start by clearly defining the purpose and objectives of the policy.
03
Identify the potential conflict minerals that may be present in your supply chain.
04
Conduct thorough due diligence to determine the presence and origin of these minerals.
05
Assess the risk associated with the use of conflict minerals and their impact on human rights.
06
Develop a strategy to mitigate and manage any risks identified.
07
Implement the policy by communicating it to your suppliers, stakeholders, and employees.
08
Regularly monitor and evaluate the effectiveness of the policy.
09
Continuously improve the policy based on feedback and changes in regulations or industry standards.
10
Keep proper documentation of your conflict minerals policy and the steps taken to comply with it.
11
Periodically review and update the policy to ensure its alignment with your organization's goals and values.

Who needs conflict minerals policy?

01
Any organization that manufactures, processes, or uses products containing conflict minerals, such as tin, tantalum, tungsten, or gold, needs a conflict minerals policy.
02
It is especially important for companies operating in industries like electronics, automotive, aerospace, jewelry, and telecommunications.
03
Moreover, organizations that aim to ensure responsible and ethical sourcing practices should have a conflict minerals policy in place.
04
Having a clear policy demonstrates a commitment to human rights, avoids legal and reputational risks, and helps promote transparency in supply chains.
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Conflict minerals policy is a set of rules and regulations implemented by companies to ensure that the minerals used in their products are sourced ethically and do not contribute to armed conflict or human rights abuses.
Companies that are publicly traded in the United States and use conflict minerals in their products are required to file a conflict minerals policy.
Companies can fill out a conflict minerals policy by conducting due diligence on their supply chain to determine the source of the minerals used in their products and reporting this information to the relevant authorities.
The purpose of a conflict minerals policy is to promote responsible sourcing practices and prevent the financing of armed groups through the trade of conflict minerals.
Companies must report on the due diligence measures they have taken to determine the source of the conflict minerals in their products, as well as any additional information required by the relevant authorities.
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