As a global manufacturer and supplier of transformer rectifiers, power transformers, auto transformers and other electrical apparatus, Stein Industries Inc. is committed to complying with all applicable international legislation.
In 2012, the US Securities and Exchange Commission issued the final Conflict Minerals rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502. This rule requires companies regulated by the SEC to report annually on the presence of conflict minerals (Tin, Tantalum, Tungsten, or Gold, aka 3TG) originating in the Democratic Republic of the Congo or adjoining countries.
Stein Industries Inc. is a Canadian Private Corporation and does not have any reporting obligations under this rule, as we are not regulated by the SEC. Nonetheless, to support human rights, ethical business practices and understanding that some of our customers have
reporting obligations, we expect all of our suppliers to utilize only materials that are conflict mineral free.
Stein Industries Inc. has taken the following steps to ensure that products that use Conflict Minerals, that they are sourced within the guidelines of the Conflict-Free Smelter Program:
- Stein Industries Inc. annually reviews material requirements for the presence of conflict minerals and develops a list of suppliers that may utilize conflict minerals.
- Stein Industries Inc. annually collects the CFSI Conflict Minerals Reporting Template from identified suppliers. Follow this link for a current version of the CFSI
- Supplier CFSI’s are reviewed for completeness and are accepted as accurate representations of material origins
- If Stein Industries Inc. determines that a supplier is utilizing conflicts minerals, they will be given notice to find alternative sourcing and we will discontinue business with the organization until alternative sourcing that is conflict mineral free can be verified.