Bumjin is proactively participating in industrial activities that prohibit the use of conflict minerals
to prevent funding for militants who violate human rights in conflict areas
such as the Democratic Republic of the Congo.
Bumjin established a policy to prohibit the use of conflict minerals, and if parts or products containing four major minerals (tantalum, tin, tungsten, gold) are supplied, it mandates verification of their country of origin. It is also recommended that smelters for the four major minerals contained in Bumjin products to receive certificates from the Conflict Free Smelter Program of the Electronic Industry Citizenship Coalition (EICC).
Once a sufficient amount of non-conflict mineral smelters is secured, Bumjin will mandate delivery from certified smelters. However, by recommending the use of legally traded minerals in conflict areas, it shall not cause economic deterioration in the corresponding country and suffering of local residents.
The minerals used in Bumjin products are supplied by an ethically and socially responsible parts procurement supply chain that complies with international standards and guidelines, such as the OECD Due Diligence Guidance.
Conflict minerals are minerals such as tin, tantalum, tungsten and gold produced in areas vulnerable to conflict, such as the Democratic Republic of the Congo or its neighboring countries. Funds generated from conflict minerals fund armed forces in the country, which engage in acts of killing their citizens, and violating human rights, such as child and forced labor, and abuse against women.
Bumjin defined and implements a management process for conflict mineral supply chain in accordance with the OECD due diligence guideline to establish a conflict mineral-free system, promotes the use of minerals from countries home to smelters and refineries with RAMP (Responsible Minerals Assurance Process) certification by the Responsible Minerals Initiative (RMI), and prohibits the use of conflict minerals mined with unethical measures.
Bumjin Conflict Mineral Management Method
■ By applying international standards to regulate conflict minerals, Bumjin will establish a process that complies with related laws, and will proactively engage in activities prohibiting the use of conflict minerals directed by the EICC and GeSI (Global e-Sustainability Initiative).
■ Using the Conflict Minerals Report Questionnaire provided by EICC-GeSI, Bumjin will identify the names and locations of all smelters of tin, tantalum, tungsten and gold used in Bumjin products.
■ Bumjin will request companies that use the 3TG (tin, tantalum, tungsten, gold) to submit their Conflict Minerals Report Questionnaire and Pledge to Prohibit Conflict Mineral Use.
■ Bumjin will instruct partner companies (CSFI) to purchase conflict minerals from smelters certified by the Conflict-Free Smelter Program.
■ Bumjin will conduct periodic conflict mineral partner company assessment according to internal assessment criteria.
Bumjin will apply its conflict mineral management standards to secondary suppliers equally, and all partners shall familiarize conflict mineral laws and shall endeavor in preventing conflict minerals associated with armed forces in conflict areas to be included or supplied in to their production supply chain.
■ Partner companies must submit documents verifying that their products supplied to Bumjin do not contain conflict minerals that bring profit to armed forces in the Democratic Republic of the Congo or its neighboring countries.
■ Partner companies shall endeavor to obtain smelter and country of origin information of all purchased 3TG (tin, tantalum, tungsten, gold) materials.
■ In case of conflict mineral relate issues, partner companies shall implement corrective measures.
If partner companies fail to provide necessary information or provide false information to confirm the use of conflict minerals, Bumjin may discontinue further business transactions with the corresponding partner if no corrective measure is implemented in relation to the issue.
Bumjin endeavors to provide responsible minerals through respecting human rights and protecting environmental health to support ethical and socially responsible economic activities in the corresponding country. Therefore, Bumjin periodically inspects the minerals of the supply chain regarding the issue of child labor in the cobalt mine in the Democratic Republic of the Congo. In addition, Bumjin will engage in responsible mineral supply by establishing standards for prohibiting the use of conflict minerals, including cobalt.
Bumjin will proactively participate in efforts to prohibit the use of conflict minerals in cooperation with partner companies and customers.