FASTECH Conflict Minerals Policy
The U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act which was signed into Law on July 21, 2010 Section 1502 of the Act is a provision related to sourcing “Conflict Minerals”. Conflict Minerals are Cassiterite(Tin Ore), Wolframite(Tungsten Ore), Coltan(Tantalum Ore) and Gold often referred to as “3TG” (Tantalum, Tin, Tungsten and Gold) that originated from the Democratic Republic of Congo or an adjoining country that is determined to be directly or indirectly financing armed groups causing serious social and environmental issues in the region.
Fastech, as one of the established Semiconductor Company for Assembly and Test in the Philippines, support the aims and objectives of the U.S. Legislation on the Supply of “Conflict Materials”. In response to the violence and human rights violations in the mining of certain minerals from the “Conflict Region”, we are committed to the responsible sourcing of “Conflict Materials” throughout our Supply Chain by:
Religious assessment of our Supply Chain through consistent survey of our Suppliers mines and smelters information using the EICC/GeSI CMRT ( Conflict Materials Reporting Template)
Ensuring that our Suppliers are sourcing only from the mines and smelters outside the “Conflict Region” or has been certified “free” by a third party if within the conflict region.
Initiate appropriate actions to our Suppliers by requiring them to source only from “Conflict free” region or disqualify them for our Approved Vendors List in cases of non-compliance.
This will be our commitment to maintain the integrity of all our products and services through due diligence on the Legislation of Conflict Minerals and to avoid fuelling, facilitating, or exacerbating conflict on our procurement processes.