RESPONSIBLE SOURCING OF MINERALS AND METALS
An important aspect of Seco's sustainability activities is to ensure ethical sourcing of minerals and metals. Mineral supply chains compose a risk to either directly or indirectly contribute to human rights violations and we recognize the risks when it comes to sourcing of raw materials and its potential impact on disadvantaged regions. We condemn all activities connected to illegal or unlawful business, that compose a risk of directly or indirectly finance, or benefit armed groups in conflict affected areas, or that can contribute to human rights violations, including child labor.
We fully support the activities of the Organization for Economic Co-operation and Development (OECD) that are addressing these potential risks and take actions to ensure compliance with the OECD Due diligence guidance for responsible supply chain of minerals from conflict affected and high-risk areas. Our own due diligence process is in line with the OECD guidance 5 step approach. Similarly, we expect our suppliers to follow the OECD guidance and to accept and comply with Sandvik supplier code of conduct, which includes a chapter on responsible sourcing and requirements for a transparent responsible supply chain for raw materials.
Seco supports its customers in complying with the SEC Conflict Mineral rule concerning section 1502 of the Dodd-Frank Act, and sources its raw materials in line with the EU Due Diligence Regulation 2017/821, and we take an active role in industry forums to promote responsible sourcing of minerals, including the ones from conflict areas.
Find our Statement on responsible sourcing of minerals and metals here: Responsible sourcing of minerals and metals — Sandvik Group (home.sandvik)