Conflict minerals

  • The Dodd-Frank Act requires US-listed companies to submit annual reports on their use of gold, tin, tantalum and tungsten from illegal mines in the Democratic Republic of the Congo and its neighboring countries.

    At Danfoss, these materials are used in our electronic products in the components we buy.
    Danfoss is not a US-listed company and is not directly regulated by the US Securities and Exchange Commission (SEC). We are, therefore, not in the direct scope of the regulations. However, being a supplier to many large companies who are regulated by the SEC, we recognize that the Dodd-Frank Act will also affect our business, and that our customers will expect us to be able to trace the respective minerals in our products, and by so doing facilitate our customers’ disclosure obligations.

    Danfoss has therefore taken the following actions

    • We have included Conflict Minerals in our Negative List for Substances and Materials to make our suppliers aware of the new US requirements.
    • We have issued a “Conflict-free policy”.
    • We are highly supportive of applicable international database systems providing relevant disclosure of origin including the use of the EICC-GeSI Conflict Minerals Reporting Template.
    • We keep the EICC template updated with relevant information about smelters and make this information available to our customers on request.
    • We use the iPoint Conflict Minerals Platform (www.conflict-minerals.com) for reporting of conflict minerals and we urge our customers and suppliers to do the same to ease the exchange of conflict minerals reports.
    • Danfoss is registered in iPoint under iPCMP ID 2100 and DUNS number 305482259.
    • We are in process of collecting information about the origin of conflict minerals from our suppliers. This will be an ongoing task as the global supply chain is very complex.

     

       

       

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