Cabot Corporation (NYSE:CBT) announced that the company’s tantalum supply chain has been found to be free of conflict materials, as determined by an independent audit.
The press release is quoted as saying:
The audit was conducted by an independent, third party auditor assigned by the Electronics Industry Citizenship Coalition (EICC) and Global e-Sustainability Initiative (GeSI) as part of the Conflict-Free Smelter Validation Program. The program serves as an industry-wide tool validating the origin of materials prior to them entering the broader electronics supply chain. To comply with the audit, a company must have a documented conflict minerals policy, a mechanism in place for tracing material back to the mine of origin, and documentation demonstrating that 100 percent of purchased materials are from non-conflict sources.
Andrew O’Donovan, General Manager of the Company, said:
“We are pleased that our customers now have independent confirmation that Cabot is a reliable supplier of ethically sourced tantalum products. Over the last decade, we have maintained a strict policy of purchasing raw materials only from ethical, non-conflict sources and this audit result is confirmation of our long-standing commitment in this area.”