2030 Will Ross Court, Chamblee, GA 30341
404-334-7064
quotes@zyci.com
RESPONSIBLE MINERALS SOURCING POLICY
1. Introduction
At ZYCI, we are committed to responsible business practices, including the responsible sourcing of minerals used in our products. We recognize our responsibility to minimize the social, environmental, and human rights impacts associated with the extraction and trade of minerals. This Responsible Minerals Sourcing Policy outlines our commitment to ethical and sustainable sourcing.
2. Scope
This policy applies to all minerals used in our products, including but not limited to, metals such as gold, tin, tantalum, tungsten, and cobalt, commonly referred to as 3TG and other minerals as deemed relevant.
3. Compliance with Laws and Regulations
ZYCI is committed to complying with all applicable laws and regulations related to mineral sourcing, including the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act Section 1502 and similar regulations worldwide. We will also follow international standards and guidelines where appropriate.
4. Supply Chain Due Diligence
ZYCI will conduct due diligence in our supply chain to identify the origin of minerals and assess the risks associated with their sourcing. We will strive to ensure that minerals are sourced from conflict-free areas and that they do not contribute to human rights abuses or environmental harm.
5. Supplier Engagement
We expect our suppliers to share our commitment to responsible mineral sourcing. We will work collaboratively with them to improve supply chain transparency and to ensure that minerals are sourced from responsible and ethical sources.
6. Risk Mitigation
ZYCI will identify and assess risks associated with mineral sourcing, including potential conflict financing, human rights violations, and environmental impacts. We will take steps to mitigate these risks, which may include discontinuing relationships with non-compliant suppliers.
7. Transparency and Reporting
We are committed to transparency in our mineral sourcing efforts. We will report on our progress in responsible mineral sourcing annually, including any identified risks and actions taken to address them.
8. Continuous Improvement
ZYCI is dedicated to continually improving our responsible minerals sourcing practices. We will stay informed about evolving industry standards and best practices and will adjust our policies and procedures accordingly.
9. Training and Education
We will provide training and education to our employees and suppliers to raise awareness of responsible mineral sourcing issues and promote compliance with this policy.
10. Accountability
ZYCI's senior management team is responsible for the implementation and enforcement of this policy. Failure to comply with this policy may result in disciplinary actions, including termination of business relationships.
11. Communication and Stakeholder Engagement
We will engage with stakeholders, including customers, investors, NGOs, and local communities, to seek input, address concerns, and promote responsible mineral sourcing practices.
12. Conclusion
ZYCI is committed to responsible mineral sourcing to ensure that our products are produced in a manner that respects human rights, protects the environment, and contributes positively to society. We will continually assess and improve our practices to align with our commitment to ethical and sustainable sourcing.
This Responsible Minerals Sourcing Policy is effective immediately upon adoption and shall be reviewed and updated as necessary.