Do Apple use conflict minerals?
Apple works at multiple levels in its supply chain to identify and assess risk. Apple requires its suppliers that utilize 3TG to submit an industry-wide standard Conflict Minerals Reporting Template (“CMRT”).
What minerals does Apple use?
Minerals: When you eat apples, you’ll get a boost of important minerals like calcium, potassium and phosphorus. These minerals are required by the body in order to perform various functions, like strengthening your bones (calcium), building muscle (potassium) and filtering out waste (phosphorus).
What is a conflict mineral policy?
Section 1502 of the Dodd-Frank Act (“Conflict Minerals Rule”) requires manufacturing companies listed in U.S. stock exchange to disclose whether the products they manufacture or contract to manufacture contain conflict minerals.
What are conflict minerals used for?
Uses for 3TG Conflict Minerals Often used to coat other metals to prevent their corrosion and to create alloys. Stores electricity and is used in alloys for its strength. Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength.
What is the mineral conflict?
What are Conflict Minerals? Conflict Minerals refer to raw materials or minerals that come from a particular part of the world where conflict is occurring and affects the mining and trading of those materials.
What are conflict minerals examples?
These so-called ‘conflict minerals’ such as tin, tungsten, tantalum and gold, also referred to as 3TG, can be used in everyday products such as mobile phones and cars or in jewellery. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas.
When did Apple File its conflict minerals report?
Apple today filed its 2018 Conflict Minerals Report with the SEC as part of its commitment to supplier responsibility.
Where can I get 100% conflict free minerals?
Apple and Fairphone are two companies that are now sourcing 100% of their minerals from certified smelters or conflict-free sources. What’s happening in the EU? The Dodd-Frank Act has also influenced regulation in China and Europe, who have been drafting their own legislations on the sourcing of conflict minerals.
Why are companies required to disclose conflict minerals?
The disclosures come thanks to the reform-focused Dodd-Frank Act, which now requires thousands of companies to release an annual report detailing the use of so-called conflict minerals.
Is the mining of cobalt a conflict mineral?
The mining of cobalt is currently not regulated by Section 1502 of the US Dodd-Frank Act on conflict minerals but some companies, including Apple, say it should be added to the conflict minerals list, even if it is not funding war.