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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM SD Specialized Disclosure Report CURRENT REPORT PROFILE ENERGY, INC. (Exact name of registrant as specified in its charter)
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The conflict minerals disclosure report is a document that companies are required to sign and submit, outlining their use of certain minerals sourced from conflict-affected regions, specifically those defined by the Dodd-Frank Act.
Publicly traded companies that manufacture or contract to manufacture products containing conflict minerals that originate from the Democratic Republic of the Congo (DRC) and surrounding countries are required to file this report.
To fill out the report, companies must gather data on their supply chains, identify the sources of conflict minerals, assess whether those minerals benefit armed groups, and complete the required checklist and disclosures based on this information.
The purpose of the report is to increase transparency in the sourcing of conflict minerals, promote responsible sourcing practices, and to ensure that companies are not contributing to human rights abuses in conflict-affected areas.
Companies must report on the origin of conflict minerals, the due diligence measures taken to determine the source, a description of the products that contain these minerals, and the steps taken to mitigate risks associated with sourcing from conflict-affected areas.
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