LSE is committed to addressing human rights and environmental issues arising from mineral mining in conflict- affected regions of Africa through responsible supply chain management and close collaboration with our partners.
Conflict minerals refer to four key minerals mined in conflict zones across Africa. The use of such minerals poses the risk of financing rebel activities, while the mining process often involves severe human rights abuses, including forced labor of civilians and children.
LSE has established a conflict minerals management process in compliance with international regulations, and actively supports initiatives led by the Responsible Business Alliance (RBA) and the Global e-Sustainability Initiative (GeSI) to prohibit the use of conflict minerals.
LSE regularly utilizes the Conflict Minerals Reporting Template (CMRT) with its suppliers to actively monitor the use of conflict minerals. To ensure a more systematic and structured approach, the company has established and operates internal guidelines that formalize this process.
LSE may request documented conflict minerals information to ensure that products supplied to the company do not contain conflict minerals. If any risks are identified within the supply chain, timely corrective actions must be taken. In cases where a supplier provides false or misleading information, or fails to take appropriate action despite identified risks within its supply chain, LSE reserves the right to terminate its business relationship with that supplier.
LSE has established a management process in collaboration with its research and procurement departments to ensure compliance with laws and regulations related to conflict minerals, working closely with its suppliers.
Investigation of conflict mineral componentsand usage status
Compilation/analysis of CMRT data selection of conflict minerals management targets
Supplier written/on-site audits, origin verification
Switching to suppliers not using conflict minerals, excluding non-certified smelters, developing alternative raw materials, etc.