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    Conflict Minerals Policy
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    Conflict Materials Policy

    Conflict Materials Management Policy

    Hyundai IT established the conflict minerals management policy to comply with the law and fulfill its social responsibility.
    To ensure that the conflict minerals linked with armed groups in the conflict region are not included in the supply chain for manufacturing its products, Hyundai IT demands its vendors to establish the conflict minerals policy and procedure as well as the conflict minerals usage survey and risk response procedure policy, It also assists the vendors to purchase the materials from the smelting works free from conflict minerals.
    Hyundai IT intends to actively participate in international efforts of prohibiting the use of conflict minerals jointly with vendors and customers and fulfill its social responsibility to protect the human rights of the Democratic Republic of the Congo and adjoining countries.

    View details of Conflict Materials Management Policy

    Conflict minerals refer to tantalum, tungsten, tin, and gold originated in the Democratic Republic of the Congo and its adjoining countries (“Covered Countries”). There are concerns that the conflict minerals fund armed forces of the Covered Countries causing many deaths of their own people and infringement of human rights in the course of mineral excavation such as forced labor and abuse of women and children. In response to these concerns, the United States Congress enacted the Dodd–Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).
    As a responsible corporate citizen, Hyundai IT’s policy is to eliminate the use of conflict minerals contained in our products that directly or indirectly finance or benefit armed groups in the Covered Countries. In support of our Conflict Minerals Policy, Hyundai IT will:
    Implement procedures compliant with and in support of the activities of the EICC-GeSI Conflict Free Sourcing Initiative and the OECD Due Diligence Guidance.
    Endeavor to trace the conflict minerals back to the source, at least to the smelter or refiner level through use of the EICC- GeSI Conflict Minerals Reporting Form (“Form”).
    Require our suppliers to submit the Form or otherwise verify in writing that all products supplied to Hyundai IT do not contain conflict minerals from the Covered Countries that directly or indirectly finance or benefit armed groups in those Covered Countries.
    Direct our suppliers, whenever possible, to source conflict minerals from the smelters validated through EICC/GeSI Conflict-Free Smelter Program. (The list of conflict-free smelters is available here.)

    Establish a supply chain due diligence process for identifying the source of conflict minerals based on the OECD Due Diligence Guidance and when necessary, perform due diligence on suppliers’ source and chain of custody of conflict minerals.
    Disclose the use of conflict minerals in accordance with the Conflict Minerals Final Rule.
    Hyundai IT also requires our suppliers to familiarize themselves with the Conflict Minerals Rule and expects our suppliers to adhere to the Conflict Minerals Rule and Hyundai IT’s Conflict Minerals Policy to ensure alignment throughout their own supply chain.
    Hyundai IT expects and will obligate our Suppliers to:
    Have a documented conflict minerals policy and procedures to ensure that all products supplied to Hyundai IT do not contain conflict minerals from the Covered Countries that directly or indirectly finance or benefit armed groups in those Covered Countries.
    Identify through reasonable efforts all smelters that supply conflict minerals in their supply chain
    Submit a complete Form containing conflict minerals information in a timely manner to Hyundai IT.
    Correct promptly any risk identified in their supply chain.
    Should Hyundai IT come to know or have reason to suspect that a supplier is procuring conflicts minerals from a Covered Country that directly or indirectly finance or benefit armed groups in those Covered Countries, Hyundai IT will notify such supplier in writing and give the supplier reasonable time to cure the non-compliance and submit documentation showing the non-use of such conflicts minerals. If the supplier does not cure or cannot provide proper documentation evidencing a change in the sourcing of conflicts minerals, or is found to have provided false records or information at any time,
    Hyundai IT may terminate its business with that supplier.
    As a part of a commitment to corporate responsibility, Hyundai IT will voluntarily contribute to prevent violation of human rights in the Covered Countries through collaboration with our customers and suppliers. We will continue our efforts to source conflict-free minerals to achieve a conflict-free supply chain.

    Hyundai IT conducts a Reasonable Country of Origin Inquiry (“RCOI”) for Conflict Minerals that are included in our products by reviewing available resources such as bills of material, product specifications, design documents, and component management systems to make preliminary determination of Conflict Minerals content.

    http://www.responsiblemineralsinitiative.org/