Delaware | 1-6903 | 75-0225040 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2525 N. Stemmons Freeway, Dallas, Texas | 75207-2401 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Melendy E. Lovett, 214-631-4420 |
____________________________________________ (Name and telephone number, including area code, of the person to contact in connection with this report.) |
Trinity Industries, Inc. | |||
May 29, 2019 | By: | /s/ Melendy E. Lovett | |
Name: Melendy E. Lovett | |||
Title: Senior Vice President and Chief Financial Officer |
• | Development of a conflict minerals policy and communication of the policy to selected suppliers whose materials were determined to potentially contain 3TGs; |
• | A conflict minerals committee periodically reporting to the Company’s executive management; |
• | A conflict minerals team comprised of representatives from Trinity’s corporate office and all of Trinity’s business segments (excluding the Railcar Leasing and Management Services Group), including executive level support, with representation from various functions, such as supply chain management, engineering, legal, compliance, and accounting; |
• | Conflict minerals training for designated employees, including a summary of the relevant requirements of the Rule, Trinity’s obligations under the Rule, and the processes Trinity designed to evaluate and respond to the risk of 3TGs in its supply chain; and |
• | An integrity helpline where employees or third parties may report any concerns about, or violation of, the policy with respect to the sourcing of 3TGs. |
• | For the respective time periods referenced above, performed an assessment of the applicability of the Rule to each of our three principal business segments and to business segments of Trinity’s former infrastructure-related businesses and: |
◦ | Determined that the Rule does not apply to (i) our Railcar Leasing and Management Services Group, or our transportation and captive insurance companies included in Trinity’s All Other Group because these businesses have no manufacturing operations; or (ii) the construction aggregates business unit included in our former Construction Products Group because those operations source raw materials entirely within the U.S. |
◦ | Performed procedures for all other businesses to determine the presence of 3TGs. |
◦ | Identified materials supplied to Trinity that potentially contain 3TGs necessary to the functionality and/or production of a product. We continued to develop better knowledge of our supply chain and refined the list of suppliers to survey for 2018 based on data collected from supplier surveys in prior years and internal examination of this data by management of the applicable business units, as described below. |
◦ | Concentrated 2018 survey efforts on relevant suppliers by (i) reviewing the listing of materials received during 2018 from those suppliers that have previously reported that their materials do not contain 3TGs, and (ii) determining which suppliers’ materials we believe do not potentially contain 3TGs; the suppliers meeting that criterion were not surveyed for 2018. |
◦ | Management of the applicable business units reviewed the listing of materials received during 2018 to identify those materials potentially containing 3TGs necessary to the functionality and/or production of our manufactured products. |
◦ | Stratified the Company’s list of potential 3TG suppliers to identify and focus efforts on the suppliers that make up the top 98% of the total potential 3TG spend. |
◦ | Conducted a supply chain survey using the Conflict Minerals Reporting Template (CMRT) developed by the Responsible Minerals Initiative (RMI), requesting identified suppliers of materials potentially containing 3TGs necessary to the functionality and/or production of our manufactured products, to identify smelters and refiners and country of origin of the 3TGs contained in materials they supply to Trinity. |
◦ | 100% of the surveyed suppliers responded to the request in 2018 and in 2017. |
◦ | 65% of the respondents confirmed that their materials did not contain 3TGs or were made from recycled or scrap materials, compared to 56% in 2017. |
◦ | 11% of the respondents indicated their materials contained 3TGs necessary for the production of their materials, compared to 16% in 2017; however the 3TGs did not originate from the Covered Countries. |
◦ | The remaining respondents (24%) were unable to determine the source of 3TGs in their materials, compared to 28% in 2017. |
◦ | No respondents indicated the 3TGs in the materials we purchased came from the Covered Countries. |
• | Based upon responses from identified suppliers described above, a very small portion (approximately 1%) of the total cost of raw material inventory items purchased by the Company during 2018 potentially contain 3TGs from an undeterminable source. |
• | Assessed the CMRTs received from our suppliers for completeness and reasonableness. |
• | Contacted respondents to obtain additional clarifying information in certain instances where survey responses were incomplete or contained possibly inaccurate information. |
• | We have access to the findings of the Responsible Minerals Assurance Process (RMAP), formerly the Conflict-Free Smelter Program, to gain insight into the country of origin, chain of custody and conflict status of our 3TGs. Established by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative, RMAP is a voluntary program in which an independent third party evaluates smelters’ and refiners’ procurement and inventory practices and determines whether the smelter or refiner has demonstrated that all the materials it processed originated from conflict free sources. |
• | Regularly reported to designated senior management the findings of the supply chain risk assessment, such as suppliers’ reporting status. |
• | Designed and implemented a follow-up system for non-responsive suppliers. |
• | Continued our supplier communication, training and escalation processes to improve due diligence data accuracy and completion by partnering with an online conflict minerals tool provider. |
• | Provided all identified suppliers with access to a Conflict Minerals Supplier Success Center and provided access to training for suppliers who failed to respond, when applicable. |
• | Trinity does not have a direct relationship with any 3TG smelters or refiners, nor do we perform direct audits of those entities that may provide 3TGs to our supply chain. However, we do rely upon the industry initiatives (such as the RMI), as well as industry efforts to influence smelters and refiners to be certified through independent third-party audit programs. |
• | Report on our supply chain due diligence policies and practices on an annual basis by filing a Form SD and Conflict Minerals Report, if necessary, with the SEC as required, and made publicly available on our website, www.trin.net. |
• | Periodically evaluate and continue to communicate its policy to suppliers; |
• | Monitor conformity with the OECD Framework; |
• | Analyze program results and identify opportunities for improvement; |
• | Implement improvements to 3TG data collection, analysis and reporting tools, including additional tools or resources as appropriate; |
• | Engage suppliers to obtain current, accurate and complete information about the supply chain, smelters, and refiners; |
• | Ongoing dialog with suppliers about expectations to continue due diligence efforts to determine the sources of 3TGs; and |
• | Participate in industry initiatives to promote responsible sourcing of 3TGs. |
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