Compliance

The mining of certain minerals in the Democratic Republic of Congo (DRC) and the adjoining countries partially contributes to significant human rights abuses and to the financing of violent conflicts in this region. In 2010, U.S. Congress passed legislation that is usually referred to as “Dodd-Frank Act” (full name: “Dodd-Frank Wall Street Reform and Consumer Protection Act”). Section 1502 of the Dodd-Frank Act adopted by the U.S. Securities and Exchange Commission (SEC) require companies who file reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain "conflict minerals" that are "necessary to the functionality or production" of those products. "Conflict minerals" contain tantalum, tin, tungsten (and the ores from which they originate) and gold, regardless of where they are sourced, processed or sold.

thyssenkrupp AG (including all its subsidiary companies) does not file reports with the SEC and therefore has no legislative obligations to comply with the conflict minerals requirements covered in Section 1502 of the Dodd-Frank Act. At the same time we recognize the SEC final rule for Section 1502 mandates our direct and indirect customers to undertake due diligence across their global supply chains.

thyssenkrupp supports the International Bill on Human Rights of the United Nations and the core labor standards of the International Labour Organization (ILO). Our commitment is reinforced by our signature to the 10 principles of the United Nations Global Compact. thyssenkrupp is commited to eradicate slavery and human trafficking in its supply chain and own operations. Our efforts to achieve this are described in the "thyssenkrupp Modern Slavery Statement 2021/2022", which complies to the requirements of the United Kingdom Modern Slavery Act (2015) and the Australian Modern Slavery Act (2018).