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The Timken Company acts responsibly, exercising sound judgment in our dealings in accordance with our ethical standards and the law. On August 22, 2012, the U.S. Securities and Exchange Commission issued the conflict minerals rules (the “Rules”) under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Rules require reporting and disclosure of the use of conflict minerals in the products of publicly traded companies. The law and the Rules were enacted in response to reported human rights violations and armed conflicts in the Democratic Republic of the Congo and its surrounding countries (the “DRC region”). Under the Rules, conflict minerals are defined as tin, tantalum, tungsten and gold (“3TG”).
Most of Timken’s products do not intentionally contain 3TG. Our core products are made from recycled scrap steel. Nella misura in cui viene utilizzato il 3TG, Timken si impegna a procurarsi tale 3TG in modo responsabile. We will not knowingly provide benefit or finance to armed groups engaged in unlawful conflict in the DRC region. Condurremo le indagini necessarie e la due diligence sulla fonte del 3TG utilizzato nei nostri prodotti. We expect our suppliers to hold themselves to the same standards. We will work with our supply base to source from 3TG upstream suppliers, smelters and refiners that do not contribute to the violence in the DRC region. Suppliers are also required to comply with Timken’s annual conflict minerals reporting requirements, which are designed to provide Timken with the information we need to make responsible sourcing decisions.