BANNER INDUSTRIES fully supports the goals and objectives of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act finalized by the SEC on August 22,2012, which aims to prevent the use of certain “Conflict Minerals” that directly or indirectly finance or benefit armed groups in The Democratic Republic of the Congo (DRC) and adjoining countries (as defined in the Act). “Conflict Minerals” include: columbite-tantalite (i.e. tantalum), cassiterite (i.e. tin), gold, wolframite (i.e. tungsten) and their derivatives. This list could expand to include other minerals and their derivatives, as determined by the U.S. Secretary of State.
BANNER INDUSTRIES conducts inquiries into the source of any Conflict Minerals included in its products. Elements of the Electronic Industry Citizenship Coalition Due Diligence reporting process have been adopted. Suppliers are required to acknowledge BANNER INDUSTRIES’s Conflict Mineral Policy, the PO terms and conditions, and provide compliance statement when / if they provide any conflict minerals. Suppliers are also responsible for passing the same requirements on to their suppliers. This process ensures transparency and corporate social responsibility throughout the supply chain.
BANNER INDUSTRIES will evaluate its relationships with its suppliers on an ongoing basis to ensure continued compliance with this policy. Suppliers who do not comply with these requirements shall be reviewed by BANNER INDUSTRIES’s Supply Chain organization for future business.