Compliance
Compliance concerns every one of us at thyssenkrupp, every day, everywhere. The thyssenkrupp Compliance Principles were created to serve as a benchmark for compliant behavior.
Our compliance commitment
Learn about the thyssenkrupp code of conduct, corporate governance and culture, our compliance strategy and much more.
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.
Group Statement
We at thyssenkrupp endeavor not to purchase any material that contains these "conflict minerals" which directly or indirectly finance or benefit armed groups in the DRC or an adjoining country. We are implementing reasonable due diligence processes to understand where "conflict minerals" are being used in our products and to determine the source and the origin within our supply chain. These actions are based on established frameworks of the Organization for Economic Cooperation and Development (OECD) and from other private sector initiatives. We are contacting our direct suppliers to increase the transparency of the materials they provide to thyssenkrupp. We support the Reponsible Minerals Initative (RMI) as well as their principles. Therefore we use and expect the reporting templates (latest version) published by the RMI throughout our supply chain. We will continue to work closely with customers, suppliers and other stakeholders to secure good practices and feasible solutions.
