EXHIBIT 1.01
Conflict Minerals Report of Helen of Troy Limited
In accord with Rule 13p-1 under the Securities Exchange Act of 1934
This is the Conflict Minerals Report of Helen of Troy Limited (“Helen of Troy”, the “Company”) for calendar year 2016 (excepting conflict minerals that, prior to January 31, 2013, were located outside of the supply chain) in accord with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule 13p-1”).
1. Introduction
Helen of Troy is a leading global consumer products company offering creative solutions for our customers through a diversified portfolio of well-recognized and widely trusted brands. We have built leading market positions through new product innovation, product quality and competitive pricing. Helen of Troy was incorporated as Helen of Troy Corporation in Texas in 1968 and reorganized as Helen of Troy Limited in Bermuda in 1994. Helen of Troy has four business segments: Housewares, Health & Home, Nutritional Supplements and Beauty. The Housewares segment provides a broad range of products to help with food preparation, cooking, cleaning, organization, beverage service, and other tasks to ease everyday living for families. Sales for the segment are primarily to retailers, with some direct-to-consumer product distribution. The Health & Home segment provides healthcare and home comfort products. Sales for the segment are primarily to retailers, with some direct-to-consumer product distribution. The Nutritional Supplements segment provides premium branded doctor formulated nutritional supplements, skincare and pain relief products to help people lead healthier, happier lives. This segment sells primarily direct-to-consumer. The Beauty segment provides personal care, beauty care and wellness products including hair styling appliances; grooming tools; decorative haircare accessories; and liquid-, solid- and powder-based personal care products. This segment sells primarily to retailers and beauty supply wholesalers. Helen of Troy purchases its products from unaffiliated manufacturers, most of which are located in China, Mexico and the United States.
Helen of Troy contracts to have products manufactured that may contain gold, tantalum, tin and tungsten (“3TG”). As these materials may be necessary to Helen of Troy’s products, the Company has embarked on a process to trace the origin of these metals to determine whether its sourcing practices support conflict or human rights abuses in the Democratic Republic of Congo (“DRC”) and the surrounding area (the “Covered Countries”). The intent of this Conflict Minerals Report (“CMR”) is to describe this due diligence process.
2. Product Description
Helen of Troy contracts to have products manufactured that may contain 3TG, such as houseware, health & home, and beauty consumer products. Helen of Troy purchases finished product and is therefore several tiers removed from the mining operations. The Company does not purchase any materials directly from smelters or refiners so Helen of Troy must rely on its suppliers to provide reliable and accurate information about 3TG.
Helen of Troy’s suppliers were requested to use the Conflict Minerals Reporting Template (“CMRT”) to identify gold, tantalum, tin and tungsten smelters or refiners (“SORs”) and associated countries of origin. Verified SORs were matched against available lists of processors that have been certified by internationally-recognized industry validation schemes, such as the Conflict-Free Sourcing Initiative’s (“CFSI”) Conflict-Free Smelter Program (“CFSP”), the London Bullion Market Association Good Delivery Program (“LBMA”), and the Responsible Jewelry Council Chain-of-Custody Certification (“RJC”). Conflict free certification information is current as of April 21, 2017.
3. Reasonable Country of Origin Inquiry Description
Helen of Troy obtained the aforementioned product information by implementing a Reasonable Country of Origin Inquiry (“RCOI”). Helen of Troy assembled an internal team comprised of representatives from Helen of Troy’s finance, legal and supply chain departments. Helen of Troy engaged Source Intelligence (“SI”), a third party information management service provider, to gather information from suppliers and establish a system of controls and transparency over its supply chain. This is the fourth consecutive year the Company worked with SI. Helen of Troy’s Tier 1 suppliers were engaged by SI to collect information regarding the presence and sourcing of 3TG used in the products supplied to them. Information was collected and stored using an online platform provided by SI.
Supplier Engagement
As in previous years, the RCOI began with an introduction email from Helen of Troy to suppliers describing its conflict minerals reporting requirements. Following that introduction email, a subsequent email was sent to suppliers containing a registration and survey request link to the online data collection platform. In an effort to increase awareness of the Company’s conflict minerals reporting requirements, supporting regulation, and frequently asked questions (FAQs) concerning 3TG mineral tracing, Helen of Troy’s suppliers were given access to an online Supplier Resource Center. The Supplier Resource Center provided educational information to facilitate a deeper understanding of conflict minerals and to inform suppliers as to why information was being requested.
Subsequent engagement followed these steps:
· Following the initial introductions to the program and information request, up to five reminder emails were sent to each non-responsive supplier requesting survey completion.
· Suppliers who remained non-responsive to these email reminders were contacted by telephone and offered assistance. This assistance included, but was not limited to, further information about the conflict minerals reporting requirements, an explanation of why the information was being collected, a review of how the information would be used, and clarification regarding how the information could be provided.
Information Requested
Suppliers were asked to provide information regarding the sourcing of their materials with the ultimate goal of identifying the 3TG SORs and associated mine countries of origin. Suppliers who had already performed a RCOI through the use of the CMRT were asked to upload this document into the online data collection platform or to provide this information in the online survey version. Suppliers were given nine language options to choose from when submitting the CMRT.
Suppliers had the ability to share information at a level with which they are most comfortable, i.e. company, product or user-defined, but the declaration scope had to be specified. Supplier responses were evaluated for plausibility, consistency, and gaps. Additional supplier contacts were conducted as needed. At all times during the above steps, Helen of Troy’s internal team was able to monitor progress 24 hours per day, 7 days per week via access to the Helen of Troy online data collection platform provided by SI.
4. RCOI Results
Helen of Troy’s RCOI process revealed the following:
· A total of 161 Tier 1 suppliers were identified by Helen of Troy as potentially in-scope for conflict mineral reporting purposes and all were contacted as part of the RCOI process. The survey response rate among these suppliers was 83% (134 responding suppliers).
· Of the 134 responding suppliers, 38% (51 suppliers) indicated conflict minerals were necessary to the functionality or production of the products they supply to Helen of Troy.
· The 51 suppliers using conflict minerals provided names of 303 verified SORs.
· Of the 303 verified SORs, 247 are currently certified, 9 are actively moving through the certification process, and 47 have unknown status. 237 of the 303 verified SORs are not known to source from the DRC/Covered Countries.
· Sixty-six of the 303 verified SORs indicated possible DRC/Covered Countries sourcing. Sixty-five of those smelters are certified conflict free. The remaining one smelter has gone out of business.
The following table lists the verified SORs provided by Helen of Troy’s suppliers, along with the certification status of each SOR as of April 21, 2017.
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
1 |
|
Gold |
|
Abington Reldan Metals, LLC |
|
CFSP - Active |
|
2 |
|
Gold |
|
Advanced Chemical Company |
|
CFSP |
|
3 |
|
Gold |
|
Aida Chemical Industries Co., Ltd. |
|
CFSP |
|
4 |
|
Gold |
|
Al Etihad Gold |
|
CFSP |
|
5 |
|
Gold |
|
Allgemeine Gold-und Silberscheideanstalt A.G. |
|
LBMA, RJC, CFSP |
|
6 |
|
Gold |
|
Almalyk Mining and Metallurgical Complex (AMMC) |
|
LBMA, CFSP |
|
7 |
|
Gold |
|
AngloGold Ashanti |
|
LBMA, CFSP |
|
8 |
|
Gold |
|
Argor-Heraeus SA |
|
LBMA, RJC, CFSP |
|
9 |
|
Gold |
|
Asahi Pretec Corporation |
|
LBMA, CFSP |
|
10 |
|
Gold |
|
Asahi Refining Canada Limited |
|
LBMA, CFSP |
|
11 |
|
Gold |
|
Asahi Refining USA Inc. |
|
LBMA, CFSP |
|
12 |
|
Gold |
|
Asaka Riken Co., Ltd. |
|
CFSP |
|
13 |
|
Gold |
|
Atasay Kuyumculuk Sanayi Ve Ticaret A.S. |
|
Unknown |
|
14 |
|
Gold |
|
AU Traders and Refiners |
|
RJC, CFSP |
|
15 |
|
Gold |
|
Aurubis AG |
|
LBMA, CFSP |
|
16 |
|
Gold |
|
Bangalore Refinery |
|
CFSP - Active |
|
17 |
|
Gold |
|
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) |
|
LBMA, CFSP |
|
18 |
|
Gold |
|
Boliden AB |
|
LBMA, CFSP |
|
19 |
|
Gold |
|
C. Hafner GmbH + Co. KG |
|
LBMA, RJC, CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
20 |
|
Gold |
|
Caridad |
|
Unknown |
|
21 |
|
Gold |
|
CCR Refinery - Glencore Canada Corporation |
|
LBMA, CFSP |
|
22 |
|
Gold |
|
Cendres + Métaux SA |
|
CFSP - Active |
|
23 |
|
Gold |
|
Chimet S.p.A. |
|
LBMA, CFSP |
|
24 |
|
Gold |
|
Chugai Mining |
|
Unknown |
|
25 |
|
Gold |
|
Daejin Indus Co., Ltd. |
|
CFSP |
|
26 |
|
Gold |
|
Daye Non-Ferrous Metals Mining Ltd. |
|
LBMA |
|
27 |
|
Gold |
|
DODUCO GmbH |
|
CFSP |
|
28 |
|
Gold |
|
Dowa |
|
CFSP |
|
29 |
|
Gold |
|
DSC (Do Sung Corporation) |
|
CFSP |
|
30 |
|
Gold |
|
Eco-System Recycling Co., Ltd. |
|
CFSP |
|
31 |
|
Gold |
|
Elemetal Refining, LLC |
|
LBMA |
|
32 |
|
Gold |
|
Emirates Gold DMCC |
|
CFSP |
|
33 |
|
Gold |
|
Fidelity Printers and Refiners Ltd. |
|
Unknown |
|
34 |
|
Gold |
|
Gansu Seemine Material Hi-Tech Co Ltd |
|
Unknown |
|
35 |
|
Gold |
|
Geib Refining Corporation |
|
CFSP |
|
36 |
|
Gold |
|
Gold Refinery of Zijin Mining Group Co., Ltd |
|
LBMA, CFSP |
|
37 |
|
Gold |
|
Great Wall Precious Metals Co., Ltd. of CBPM |
|
LBMA |
|
38 |
|
Gold |
|
Guangdong Jinding Gold Limited |
|
Unknown |
|
39 |
|
Gold |
|
Gujarat Gold Centre |
|
Unknown |
|
40 |
|
Gold |
|
Guoda Safina High-Tech Environmental Refinery Co., Ltd. |
|
Unknown |
|
41 |
|
Gold |
|
Hangzhou Fuchunjiang Smelting Co., Ltd. |
|
Unknown |
|
42 |
|
Gold |
|
Heimerle + Meule GmbH |
|
LBMA, CFSP |
|
43 |
|
Gold |
|
Heraeus Metals Hong Kong Ltd |
|
LBMA, RJC, CFSP |
|
44 |
|
Gold |
|
Heraeus Precious Metals GmbH & Co. KG |
|
LBMA, CFSP |
|
45 |
|
Gold |
|
Hunan Chenzhou Mining Co., Ltd. |
|
Unknown |
|
46 |
|
Gold |
|
HwaSeong CJ Co. Ltd |
|
Unknown |
|
47 |
|
Gold |
|
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. |
|
LBMA, CFSP |
|
48 |
|
Gold |
|
Ishifuku Metal Industry Co., Ltd. |
|
LBMA, CFSP |
|
49 |
|
Gold |
|
Istanbul Gold Refinery |
|
LBMA, CFSP |
|
50 |
|
Gold |
|
Japan Mint |
|
LBMA, CFSP |
|
51 |
|
Gold |
|
Jiangxi Copper Company Limited |
|
LBMA, CFSP |
|
52 |
|
Gold |
|
JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
|
LBMA, CFSP |
|
53 |
|
Gold |
|
JSC Uralelectromed |
|
LBMA, CFSP |
|
54 |
|
Gold |
|
JX Nippon Mining & Metals Co., Ltd. |
|
LBMA, CFSP |
|
55 |
|
Gold |
|
Kaloti Precious Metals |
|
Unknown |
|
56 |
|
Gold |
|
Kazzinc |
|
LBMA, CFSP |
|
57 |
|
Gold |
|
Kennecott Utah Copper LLC |
|
LBMA, RJC, CFSP |
|
58 |
|
Gold |
|
KGHM Polska Miedź Spółka Akcyjna |
|
CFSP - Active |
|
59 |
|
Gold |
|
Kojima Chemicals Co., Ltd. |
|
CFSP |
|
60 |
|
Gold |
|
Korea Zinc Co., Ltd. |
|
CFSP |
|
61 |
|
Gold |
|
Kyrgyzaltyn JSC |
|
LBMA, CFSP |
|
62 |
|
Gold |
|
L’azurde Company For Jewelry |
|
Unknown |
|
63 |
|
Gold |
|
Lingbao Gold Company Ltd. |
|
Unknown |
|
64 |
|
Gold |
|
Lingbao Jinyuan Tonghui Refinery Co. Ltd. |
|
Unknown |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
65 |
|
Gold |
|
LS-NIKKO Copper Inc. |
|
LBMA, CFSP |
|
66 |
|
Gold |
|
Luoyang Zijin Yinhui Gold Refinery Co., Ltd. |
|
Unknown |
|
67 |
|
Gold |
|
Materion |
|
CFSP |
|
68 |
|
Gold |
|
Matsuda Sangyo Co., Ltd. |
|
LBMA, CFSP |
|
69 |
|
Gold |
|
Metalor Technologies (Hong Kong) Ltd. |
|
LBMA, RJC, CFSP |
|
70 |
|
Gold |
|
Metalor Technologies (Singapore) Pte., Ltd. |
|
LBMA, RJC, CFSP |
|
71 |
|
Gold |
|
Metalor Technologies (Suzhou) Co Ltd |
|
RJC, CFSP |
|
72 |
|
Gold |
|
Metalor Technologies SA |
|
LBMA, RJC, CFSP |
|
73 |
|
Gold |
|
Metalor USA Refining Corporation |
|
LBMA, RJC, CFSP |
|
74 |
|
Gold |
|
METALÚRGICA MET-MEX PEÑOLES, S.A. DE C.V |
|
LBMA, CFSP |
|
75 |
|
Gold |
|
Mitsubishi Materials Corporation |
|
LBMA, CFSP |
|
76 |
|
Gold |
|
Mitsui Mining and Smelting Co., Ltd. |
|
LBMA, CFSP |
|
77 |
|
Gold |
|
MMTC-PAMP India Pvt., Ltd. |
|
LBMA, CFSP |
|
78 |
|
Gold |
|
Modeltech Sdn Bhd |
|
CFSP - Active |
|
79 |
|
Gold |
|
Morris and Watson |
|
Unknown |
|
80 |
|
Gold |
|
Moscow Special Alloys Processing Plant |
|
LBMA, CFSP |
|
81 |
|
Gold |
|
Nadir Metal Rafineri San. Ve Tic. A.Ş. |
|
LBMA, CFSP |
|
82 |
|
Gold |
|
Navoi Mining and Metallurgical Combinat |
|
LBMA, CFSP - Active |
|
83 |
|
Gold |
|
Nihon Material Co., Ltd. |
|
LBMA, CFSP |
|
84 |
|
Gold |
|
Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH |
|
RJC, CFSP |
|
85 |
|
Gold |
|
Ohura Precious Metal Industry Co., Ltd. |
|
CFSP |
|
86 |
|
Gold |
|
OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet) |
|
LBMA, CFSP |
|
87 |
|
Gold |
|
OJSC Novosibirsk Refinery |
|
LBMA, CFSP |
|
88 |
|
Gold |
|
PAMP S.A. |
|
LBMA, RJC, CFSP |
|
89 |
|
Gold |
|
Penglai Penggang Gold Industry Co Ltd |
|
Unknown |
|
90 |
|
Gold |
|
Prioksky Plant of Non-Ferrous Metals |
|
LBMA, CFSP |
|
91 |
|
Gold |
|
PT Aneka Tambang (Persero) Tbk |
|
LBMA, CFSP |
|
92 |
|
Gold |
|
PX Precinox SA |
|
LBMA, RJC, CFSP |
|
93 |
|
Gold |
|
Rand Refinery (Pty) Ltd. |
|
LBMA, CFSP |
|
94 |
|
Gold |
|
Remondis Argentia B.V. |
|
Unknown |
|
95 |
|
Gold |
|
Republic Metals Corporation |
|
LBMA, RJC, CFSP |
|
96 |
|
Gold |
|
Royal Canadian Mint |
|
LBMA, CFSP |
|
97 |
|
Gold |
|
SAAMP |
|
RJC |
|
98 |
|
Gold |
|
Sabin Metal Corp. |
|
Unknown |
|
99 |
|
Gold |
|
SAFINA A.S. |
|
Unknown |
|
100 |
|
Gold |
|
Sai Refinery |
|
Unknown |
|
101 |
|
Gold |
|
Samduck Precious Metals |
|
CFSP |
|
102 |
|
Gold |
|
SAMWON METALS Corp. |
|
Unknown |
|
103 |
|
Gold |
|
SAXONIA Edelmetalle GmbH |
|
CFSP |
|
104 |
|
Gold |
|
Schone Edelmetaal B.V. |
|
LBMA, CFSP |
|
105 |
|
Gold |
|
SEMPSA Joyería Platería SA |
|
LBMA, CFSP |
|
106 |
|
Gold |
|
Shandong Tiancheng Biological Gold Industrial Co., Ltd. |
|
Unknown |
|
107 |
|
Gold |
|
Shandong Zhaojin Gold & Silver Refinery Co., Ltd. |
|
LBMA, CFSP |
|
108 |
|
Gold |
|
Sichuan Tianze Precious Metals Co., Ltd. |
|
LBMA, CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
109 |
|
Gold |
|
Singway Technology Co., Ltd. |
|
CFSP |
|
110 |
|
Gold |
|
So Accurate Group, Inc. |
|
Unknown |
|
111 |
|
Gold |
|
SOE Shyolkovsky Factory of Secondary Precious Metals |
|
LBMA, CFSP |
|
112 |
|
Gold |
|
Solar Applied Materials Technology Corp. |
|
LBMA, CFSP |
|
113 |
|
Gold |
|
Sudan Gold Refinery |
|
Unknown |
|
114 |
|
Gold |
|
Sumitomo Metal Mining Co., Ltd. |
|
LBMA, CFSP |
|
115 |
|
Gold |
|
T.C.A S.p.A |
|
LBMA, CFSP |
|
116 |
|
Gold |
|
Tanaka Kikinzoku Kogyo K.K. |
|
LBMA, CFSP |
|
117 |
|
Gold |
|
The Refinery of Shandong Gold Mining Co., Ltd. |
|
LBMA, CFSP |
|
118 |
|
Gold |
|
Tokuriki Honten Co., Ltd. |
|
LBMA, CFSP |
|
119 |
|
Gold |
|
TongLing Nonferrous Metals Group Holdings Co., Ltd. |
|
Unknown |
|
120 |
|
Gold |
|
Tony Goetz NV |
|
Unknown |
|
121 |
|
Gold |
|
Torecom |
|
CFSP |
|
122 |
|
Gold |
|
Umicore Brasil Ltda. |
|
LBMA, CFSP |
|
123 |
|
Gold |
|
Umicore Precious Metals Thailand |
|
RJC, CFSP |
|
124 |
|
Gold |
|
Umicore SA Business Unit Precious Metals Refining |
|
LBMA, CFSP |
|
125 |
|
Gold |
|
United Precious Metal Refining, Inc. |
|
RJC, CFSP |
|
126 |
|
Gold |
|
Valcambi SA |
|
LBMA, RJC, CFSP |
|
127 |
|
Gold |
|
Western Australian Mint trading as The Perth Mint |
|
LBMA, CFSP |
|
128 |
|
Gold |
|
WIELAND Edelmetalle GmbH |
|
CFSP |
|
129 |
|
Gold |
|
Yamamoto Precious Metal Co., Ltd. |
|
CFSP |
|
130 |
|
Gold |
|
Yokohama Metal Co., Ltd. |
|
CFSP |
|
131 |
|
Gold |
|
Yunnan Copper Industry Co Ltd |
|
Unknown |
|
132 |
|
Gold |
|
Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
|
LBMA, CFSP |
|
133 |
|
Tantalum |
|
Changsha South Tantalum Niobium Co., Ltd. |
|
CFSP |
|
134 |
|
Tantalum |
|
Conghua Tantalum and Niobium Smeltry |
|
CFSP |
|
135 |
|
Tantalum |
|
D Block Metals, LLC |
|
CFSP |
|
136 |
|
Tantalum |
|
Duoluoshan |
|
CFSP |
|
137 |
|
Tantalum |
|
Exotech Inc. |
|
CFSP |
|
138 |
|
Tantalum |
|
F&X Electro-Materials Ltd. |
|
CFSP |
|
139 |
|
Tantalum |
|
FIR Metals & Resource Ltd. |
|
CFSP |
|
140 |
|
Tantalum |
|
Global Advanced Metals Aizu |
|
CFSP |
|
141 |
|
Tantalum |
|
Global Advanced Metals Boyertown |
|
CFSP |
|
142 |
|
Tantalum |
|
Guangdong Zhiyuan New Material Co., Ltd. |
|
CFSP |
|
143 |
|
Tantalum |
|
H.C. Starck Co., Ltd. |
|
CFSP |
|
144 |
|
Tantalum |
|
H.C. Starck Hermsdorf GmbH |
|
CFSP |
|
145 |
|
Tantalum |
|
H.C. Starck Inc. |
|
CFSP |
|
146 |
|
Tantalum |
|
H.C. Starck Ltd. |
|
CFSP |
|
147 |
|
Tantalum |
|
H.C. Starck Smelting GmbH & Co. KG |
|
CFSP |
|
148 |
|
Tantalum |
|
H.C. Starck Tantalum and Niobium GmbH |
|
CFSP |
|
149 |
|
Tantalum |
|
Hengyang King Xing Lifeng New Materials Co., Ltd. |
|
CFSP |
|
150 |
|
Tantalum |
|
Hi-Temp Specialty Metals, Inc. |
|
CFSP |
|
151 |
|
Tantalum |
|
Jiangxi Dinghai Tantalum & Niobium Co., Ltd. |
|
CFSP |
|
152 |
|
Tantalum |
|
Jiangxi Tuohong New Raw Material |
|
CFSP |
|
153 |
|
Tantalum |
|
JiuJiang JinXin Nonferrous Metals Co., Ltd. |
|
CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
154 |
|
Tantalum |
|
Jiujiang Nonferrous Metals Smelting Company Limited |
|
CFSP |
|
155 |
|
Tantalum |
|
Jiujiang Zhongao Tantalum & Niobium Co., Ltd. |
|
CFSP |
|
156 |
|
Tantalum |
|
KEMET Blue Metals |
|
CFSP |
|
157 |
|
Tantalum |
|
Kemet Blue Powder |
|
CFSP |
|
158 |
|
Tantalum |
|
King-Tan Tantalum Industry Ltd. |
|
CFSP |
|
159 |
|
Tantalum |
|
LSM Brasil S.A. |
|
CFSP |
|
160 |
|
Tantalum |
|
Metallurgical Products India Pvt., Ltd. |
|
CFSP |
|
161 |
|
Tantalum |
|
Mineração Taboca S.A. |
|
CFSP |
|
162 |
|
Tantalum |
|
Mitsui Mining and Smelting Co., Ltd. |
|
CFSP |
|
163 |
|
Tantalum |
|
Ningxia Orient Tantalum Industry Co., Ltd. |
|
CFSP |
|
164 |
|
Tantalum |
|
NPM Silmet AS |
|
CFSP |
|
165 |
|
Tantalum |
|
QuantumClean |
|
CFSP |
|
166 |
|
Tantalum |
|
Resind Indústria e Comércio Ltda. |
|
CFSP |
|
167 |
|
Tantalum |
|
RFH Tantalum Smeltry Co., Ltd. |
|
CFSP |
|
168 |
|
Tantalum |
|
Solikamsk Magnesium Works OAO |
|
CFSP |
|
169 |
|
Tantalum |
|
Taki Chemical Co., Ltd. |
|
CFSP |
|
170 |
|
Tantalum |
|
Telex Metals |
|
CFSP |
|
171 |
|
Tantalum |
|
Tranzact, Inc. |
|
CFSP |
|
172 |
|
Tantalum |
|
Ulba Metallurgical Plant JSC |
|
CFSP |
|
173 |
|
Tantalum |
|
XinXing Haorong Electronic Material Co., Ltd. |
|
CFSP |
|
174 |
|
Tantalum |
|
Yichun Jin Yang Rare Metal Co., Ltd. |
|
CFSP |
|
175 |
|
Tantalum |
|
Zhuzhou Cemented Carbide Group Co., Ltd. |
|
CFSP |
|
176 |
|
Tin |
|
Alpha |
|
CFSP |
|
177 |
|
Tin |
|
An Thai Minerals Company Limited |
|
Unknown |
|
178 |
|
Tin |
|
An Vinh Joint Stock Mineral Processing Company |
|
Unknown |
|
179 |
|
Tin |
|
Chenzhou Yunxiang Mining and Metallurgy Company Limited |
|
CFSP |
|
180 |
|
Tin |
|
China Tin Group Co., Ltd. |
|
CFSP |
|
181 |
|
Tin |
|
CNMC (Guangxi) PGMA Co. Ltd. |
|
Unknown |
|
182 |
|
Tin |
|
Cooperativa Metalurgica de Rondônia Ltda. |
|
CFSP |
|
183 |
|
Tin |
|
CV Ayi Jaya |
|
CFSP |
|
184 |
|
Tin |
|
CV Dua Sekawan |
|
CFSP |
|
185 |
|
Tin |
|
CV Gita Pesona |
|
CFSP |
|
186 |
|
Tin |
|
CV Serumpun Sebalai |
|
CFSP |
|
187 |
|
Tin |
|
CV Tiga Sekawan |
|
CFSP |
|
188 |
|
Tin |
|
CV United Smelting |
|
CFSP |
|
189 |
|
Tin |
|
CV Venus Inti Perkasa |
|
CFSP |
|
190 |
|
Tin |
|
Dowa |
|
CFSP |
|
191 |
|
Tin |
|
Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company |
|
Unknown |
|
192 |
|
Tin |
|
Elmet S.L.U. |
|
CFSP |
|
193 |
|
Tin |
|
EM Vinto |
|
CFSP |
|
194 |
|
Tin |
|
Estanho de Rondônia S.A. |
|
Unknown |
|
195 |
|
Tin |
|
Fenix Metals |
|
CFSP |
|
196 |
|
Tin |
|
Gejiu Fengming Metallurgy Chemical Plant |
|
CFSP |
|
197 |
|
Tin |
|
Gejiu Jinye Mineral Company |
|
CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
198 |
|
Tin |
|
Gejiu Kai Meng Industry and Trade LLC |
|
CFSP - Active |
|
199 |
|
Tin |
|
Gejiu Non-Ferrous Metal Processing Co., Ltd. |
|
CFSP |
|
200 |
|
Tin |
|
Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. |
|
CFSP - Active |
|
201 |
|
Tin |
|
Gejiu Zili Mining And Metallurgy Co., Ltd. |
|
Unknown |
|
202 |
|
Tin |
|
Guanyang Guida Nonferrous Metal Smelting Plant |
|
CFSP |
|
203 |
|
Tin |
|
HuiChang Hill Tin Industry Co., Ltd. |
|
CFSP |
|
204 |
|
Tin |
|
Huichang Jinshunda Tin Co. Ltd |
|
Unknown |
|
205 |
|
Tin |
|
Jiangxi Ketai Advanced Material Co., Ltd. |
|
CFSP |
|
206 |
|
Tin |
|
Magnu’s Minerais Metais e Ligas Ltda. |
|
CFSP |
|
207 |
|
Tin |
|
Malaysia Smelting Corporation (MSC) |
|
CFSP |
|
208 |
|
Tin |
|
Melt Metais e Ligas S.A. |
|
CFSP |
|
209 |
|
Tin |
|
Metallic Resources, Inc. |
|
CFSP |
|
210 |
|
Tin |
|
Metallo-Chimique N.V. |
|
CFSP |
|
211 |
|
Tin |
|
Mineração Taboca S.A. |
|
CFSP |
|
212 |
|
Tin |
|
Minsur |
|
CFSP |
|
213 |
|
Tin |
|
Mitsubishi Materials Corporation |
|
CFSP |
|
214 |
|
Tin |
|
Modeltech Sdn Bhd |
|
Unknown |
|
215 |
|
Tin |
|
Nankang Nanshan Tin Co., Ltd. |
|
Unknown |
|
216 |
|
Tin |
|
Nghe Tinh Non-Ferrous Metals Joint Stock Company |
|
Unknown |
|
217 |
|
Tin |
|
O.M. Manufacturing (Thailand) Co., Ltd. |
|
CFSP |
|
218 |
|
Tin |
|
O.M. Manufacturing Philippines, Inc. |
|
CFSP |
|
219 |
|
Tin |
|
Operaciones Metalurgical S.A. |
|
CFSP |
|
220 |
|
Tin |
|
PT Aries Kencana Sejahtera |
|
CFSP |
|
221 |
|
Tin |
|
PT Artha Cipta Langgeng |
|
CFSP |
|
222 |
|
Tin |
|
PT ATD Makmur Mandiri Jaya |
|
CFSP |
|
223 |
|
Tin |
|
PT Babel Inti Perkasa |
|
CFSP |
|
224 |
|
Tin |
|
PT Bangka Prima Tin |
|
CFSP |
|
225 |
|
Tin |
|
PT Bangka Tin Industry |
|
CFSP |
|
226 |
|
Tin |
|
PT Belitung Industri Sejahtera |
|
CFSP |
|
227 |
|
Tin |
|
PT Bukit Timah |
|
CFSP |
|
228 |
|
Tin |
|
PT Cipta Persada Mulia |
|
CFSP |
|
229 |
|
Tin |
|
PT DS Jaya Abadi |
|
CFSP |
|
230 |
|
Tin |
|
PT Eunindo Usaha Mandiri |
|
CFSP |
|
231 |
|
Tin |
|
PT Inti Stania Prima |
|
CFSP |
|
232 |
|
Tin |
|
PT Justindo |
|
Unknown |
|
233 |
|
Tin |
|
PT Karimun Mining |
|
CFSP |
|
234 |
|
Tin |
|
PT Kijang Jaya Mandiri |
|
CFSP |
|
235 |
|
Tin |
|
PT Mitra Stania Prima |
|
CFSP |
|
236 |
|
Tin |
|
PT O.M. Indonesia |
|
CFSP |
|
237 |
|
Tin |
|
PT Panca Mega Persada |
|
CFSP |
|
238 |
|
Tin |
|
PT Prima Timah Utama |
|
CFSP |
|
239 |
|
Tin |
|
PT Refined Bangka Tin |
|
CFSP |
|
240 |
|
Tin |
|
PT Sariwiguna Binasentosa |
|
CFSP |
|
241 |
|
Tin |
|
PT Stanindo Inti Perkasa |
|
CFSP |
|
242 |
|
Tin |
|
PT Sukses Inti Makmur |
|
CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
243 |
|
Tin |
|
PT Sumber Jaya Indah |
|
CFSP |
|
244 |
|
Tin |
|
PT Timah (Persero) Tbk Kundur |
|
CFSP |
|
245 |
|
Tin |
|
PT Timah (Persero) Tbk Mentok |
|
CFSP |
|
246 |
|
Tin |
|
PT Tinindo Inter Nusa |
|
CFSP |
|
247 |
|
Tin |
|
PT Tirus Putra Mandiri |
|
Unknown |
|
248 |
|
Tin |
|
PT Tommy Utama |
|
CFSP |
|
249 |
|
Tin |
|
PT WAHANA PERKIT JAYA |
|
CFSP |
|
250 |
|
Tin |
|
Resind Indústria e Comércio Ltda. |
|
CFSP |
|
251 |
|
Tin |
|
Rui Da Hung |
|
CFSP |
|
252 |
|
Tin |
|
Soft Metais Ltda. |
|
CFSP |
|
253 |
|
Tin |
|
Thaisarco |
|
CFSP |
|
254 |
|
Tin |
|
Tuyen Quang Non-Ferrous Metals Joint Stock Company |
|
Unknown |
|
255 |
|
Tin |
|
VQB Mineral and Trading Group JSC |
|
CFSP |
|
256 |
|
Tin |
|
White Solder Metalurgia e Mineração Ltda. |
|
CFSP |
|
257 |
|
Tin |
|
Yunnan Chengfeng Non-ferrous Metals Co.,Ltd. |
|
CFSP - Active |
|
258 |
|
Tin |
|
Yunnan Tin Group (Holding) Company Limited |
|
CFSP |
|
259 |
|
Tungsten |
|
A.L.M.T. Corp. |
|
CFSP |
|
260 |
|
Tungsten |
|
ACL Metais Eireli |
|
Unknown |
|
261 |
|
Tungsten |
|
Asia Tungsten Products Vietnam Ltd. |
|
CFSP |
|
262 |
|
Tungsten |
|
Chenzhou Diamond Tungsten Products Co., Ltd. |
|
CFSP |
|
263 |
|
Tungsten |
|
Chongyi Zhangyuan Tungsten Co., Ltd. |
|
CFSP |
|
264 |
|
Tungsten |
|
Dayu Weiliang Tungsten Co., Ltd. |
|
Unknown |
|
265 |
|
Tungsten |
|
Fujian Jinxin Tungsten Co., Ltd. |
|
CFSP |
|
266 |
|
Tungsten |
|
Ganzhou Huaxing Tungsten Products Co., Ltd. |
|
CFSP |
|
267 |
|
Tungsten |
|
Ganzhou Jiangwu Ferrotungsten Co., Ltd. |
|
CFSP |
|
268 |
|
Tungsten |
|
Ganzhou Seadragon W & Mo Co., Ltd. |
|
CFSP |
|
269 |
|
Tungsten |
|
Ganzhou Yatai Tungsten Co., Ltd. |
|
Unknown |
|
270 |
|
Tungsten |
|
Global Tungsten & Powders Corp. |
|
CFSP |
|
271 |
|
Tungsten |
|
Guangdong Xianglu Tungsten Co., Ltd. |
|
CFSP |
|
272 |
|
Tungsten |
|
H.C. Starck Smelting GmbH & Co. KG |
|
CFSP |
|
273 |
|
Tungsten |
|
H.C. Starck Tungsten GmbH |
|
CFSP |
|
274 |
|
Tungsten |
|
Hunan Chenzhou Mining Co., Ltd. |
|
CFSP |
|
275 |
|
Tungsten |
|
Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji |
|
CFSP |
|
276 |
|
Tungsten |
|
Hunan Chunchang Nonferrous Metals Co., Ltd. |
|
CFSP |
|
277 |
|
Tungsten |
|
Hydrometallurg, JSC |
|
CFSP |
|
278 |
|
Tungsten |
|
Japan New Metals Co., Ltd. |
|
CFSP |
|
279 |
|
Tungsten |
|
Jiangwu H.C. Starck Tungsten Products Co., Ltd. |
|
CFSP |
|
280 |
|
Tungsten |
|
Jiangxi Dayu Longxintai Tungsten Co., Ltd. |
|
Unknown |
|
281 |
|
Tungsten |
|
Jiangxi Gan Bei Tungsten Co., Ltd. |
|
CFSP |
|
282 |
|
Tungsten |
|
Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. |
|
Unknown |
|
283 |
|
Tungsten |
|
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. |
|
CFSP |
|
284 |
|
Tungsten |
|
Jiangxi Xinsheng Tungsten Industry Co., Ltd. |
|
CFSP |
|
285 |
|
Tungsten |
|
Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. |
|
CFSP |
|
286 |
|
Tungsten |
|
Jiangxi Yaosheng Tungsten Co., Ltd. |
|
CFSP |
|
287 |
|
Tungsten |
|
Kennametal Fallon |
|
CFSP |
|
|
|
Metal |
|
Smelter/Refiner |
|
Certification Status |
|
288 |
|
Tungsten |
|
Kennametal Huntsville |
|
CFSP |
|
289 |
|
Tungsten |
|
Malipo Haiyu Tungsten Co., Ltd. |
|
CFSP |
|
290 |
|
Tungsten |
|
Moliren Ltd |
|
CFSP |
|
291 |
|
Tungsten |
|
Niagara Refining LLC |
|
CFSP |
|
292 |
|
Tungsten |
|
Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC |
|
CFSP |
|
293 |
|
Tungsten |
|
Philippine Chuangxin Industrial Co., Inc. |
|
CFSP |
|
294 |
|
Tungsten |
|
South-East Nonferrous Metal Company Limited of Hengyang City |
|
CFSP |
|
295 |
|
Tungsten |
|
Tejing (Vietnam) Tungsten Co., Ltd. |
|
CFSP |
|
296 |
|
Tungsten |
|
Unecha Refractory Metals Plant |
|
CFSP |
|
297 |
|
Tungsten |
|
Vietnam Youngsun Tungsten Industry Co., Ltd. |
|
CFSP |
|
298 |
|
Tungsten |
|
Wolfram Bergbau und Hütten AG |
|
CFSP |
|
299 |
|
Tungsten |
|
Woltech Korea Co., Ltd. |
|
CFSP |
|
300 |
|
Tungsten |
|
Xiamen Tungsten (H.C.) Co., Ltd. |
|
CFSP |
|
301 |
|
Tungsten |
|
Xiamen Tungsten Co., Ltd. |
|
CFSP |
|
302 |
|
Tungsten |
|
Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. |
|
CFSP |
|
303 |
|
Tungsten |
|
Xinhai Rendan Shaoguan Tungsten Co., Ltd. |
|
CFSP |
Certification Status:
1. Conflict-Free Sourcing Initiative’s (CFSI) Conflict-Free Smelter Program (CFSP)
· CFSP: The smelter is currently certified.
· CFSP-Active: The smelter is actively moving through the certification process.
2. Responsible Gold Certificate: London Bullion Market Association (LBMA)
· LBMA: The smelter has obtained a Responsible Gold Certification.
3. Chain of Custody Certificate: Responsible Jewelry Council (RJC)
· RJC: The smelter has obtained a Chain-of-Custody Certification.
Countries of origin for these SORs are believed to include:
Angola
Argentina
Armenia
Australia
Austria
Belarus
Belgium
Bermuda
Bolivia
Brazil
Burundi
Cambodia
Canada
Central African Republic
Chile
China
Colombia
Congo (Brazzaville)
Czech Republic
Djibouti
DRC- Congo (Kinshasa)
Ecuador
Egypt
Estonia
Ethiopia
Finland
France
Germany
Ghana
Guinea
Guyana
Hong Kong
Hungary
India
Indonesia
Ireland
Israel
Italy
Japan
Jersey
Kazakhstan
Kenya
Korea, Republic of
Kyrgyzstan
Laos
Luxembourg
Madagascar
Malaysia
Mali
Mexico
Mongolia
Morocco
Mozambique
Myanmar
Namibia
Netherlands
New Zealand
Niger
Nigeria
Papua New Guinea
Peru
Philippines
Poland
Portugal
Russian Federation
Rwanda
Saudi Arabia
Sierra Leone
Singapore
Slovakia
South Africa
South Sudan
Spain
Suriname
Sweden
Switzerland
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Uganda
United Arab Emirates
United Kingdom
United States
Uzbekistan
Vietnam
Zambia
Zimbabwe
5. Due Diligence Process
Helen of Troy’s due diligence process was designed to conform to the Organization for Economic Cooperation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and accompanying Supplements(1). It is important to note that the OECD Guidance
(1) OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, Supplement on Tin, Tantalum and Tungsten and Supplement on Gold, 2013; http://www.oecd.org/daf/inv/mne/GuidanceEdition2.pdf.
was written for both upstream(2) and downstream(3) companies in the supply chain. As Helen of Troy is a downstream company in the supply chain, due diligence practices were tailored accordingly.
· Step 1- Establish strong company management systems
Helen of Troy’s conflict minerals policy is publicly available at www.hotus.com. The Company utilizes an internal team comprised of representatives from the finance, legal and supply chain departments to communicate and manage compliance initiatives. Team members work with the suppliers on a continual basis to maintain an open dialog and transparency in the procurement process. Findings are reported to senior management, as well as to the internal audit department. The Company’s internal team efforts are supplemented with a third party service provider’s extensive knowledge and experience, as well as training seminars on conflict minerals.
· Step 2- Identify and assess risk in the supply chain
The Company continues to refine its list of product categories and suppliers that may fall within the scope of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Expectations with regard to supplier performance, transparency and sourcing are clearly communicated through supplier training. Quality assessments with suppliers are being expanded to encompass compliance initiatives. Suppliers are being encouraged to implement conflict mineral policies with their vendors.
· Step 3- Design and implement a strategy to respond to identified risks
Helen of Troy continues to make improvements on risk management. As RCOI are conducted and additional information becomes available regarding components and materials being used in the Company’s products, potential risks can be tracked and mitigated. The online platform maintained by SI allows Helen of Troy to access and analyze supplier responses as well as SOR information. Any suppliers found to be sourcing from SORs that support conflict in the DRC region will be required to explore alternative sources.
(2) Upstream companies refer to those between the mine and SORs. As such, the companies typically include miners, local traders, or exporters from the country of mineral origin, international concentrate traders and SORs.
(3) Downstream companies refer to those entities between the SORs and the retailer. As such, the companies typically include metal traders and exchanges, component manufacturers, product manufacturers, original equipment manufacturers and retailers.
· Step 4- Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain
As part of Helen of Troy’s due diligence, and in conjunction with SI, the Company relies upon the following internationally accepted audit standards to determine which SORs are considered DRC Conflict Free: CFSI, LBMA and RJC. If the SOR is not certified by these internationally-recognized schemes, attempts are made to contact the SOR to gain more information about their sourcing practices, including countries of origin and transfer, and whether there are any internal due diligence procedures in place or other processes to track the chain-of-custody on the source of the SOR’s mineral ores. Relevant information to review includes: whether the SOR has a documented, effective and communicated conflict free policy, an accounting system to support a mass balance of materials processed, and traceability documentation. Internet research is also performed to determine whether there are any outside sources of information regarding the SOR’s sourcing practices.
· Step 5- Report on supply chain due diligence
Helen of Troy reports annually on supply chain due diligence through the Form SD and this CMR filed with the Securities and Exchange Commission. The Form SD is publicly available at www.hotus.com.
6. Steps to Improve Due Diligence
Helen of Troy will endeavor to continuously improve upon its supply chain due diligence efforts via the following measures:
· Continue to assess the presence of 3TG in its supply chain
· Clearly communicate expectations with regard to supplier performance, transparency and sourcing
· Increase the response rate for the RCOI process
· Continue to compare RCOI results to information collected via independent conflict free smelter validation programs
7. Product Determination
Based on its RCOI process, Helen of Troy is unable to determine whether or not various components/materials, which contribute to products sold by its business segments, are DRC conflict free.
8. Independent Private Sector Audit
Based on Helen of Troy’s declaration, a private sector audit is not required.