Marposs Group Policy
Marposs is very much aware of the human, social and political cost caused by illicit trading and procurement of minerals from conflict areas.
We take pride in enforcing social responsibility and we pay continuous attention to any development in and related to US and EU legislation.
In 2012, US Securities and Exchange Commission adopted the final rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) setting out disclosure, reporting and due diligence obligations for those issuers that manufacture, or contract to manufacture, products that contain Conflict Minerals that are necessary to the functionality or production of a product manufactured.
Furthermore in 2017, the European Parliament and the Council of the European Union adopted the Regulation (EU) 2017/821 laying down supply chain due diligence obligations for Union Importers of tin, tantalum and tungsten, their ores and gold originating from conflict affected and high risk areas.
Marposs is not listed on a stock exchange and thus may not be required to submit annual reports as per the Dodd-Frank Act.
Although Marposs is not subject to the due diligence obligations provided in the Regulation (EU) 2017/821 (fully applicable as from 1 January 2021), Marposs Group has been constantly focused on controlling its supply chain by requiring them to demonstrate compliance with the principles of a responsible sourcing.
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