EiKO is aware of the issue of working conditions at the base of the supply chain, particularly in the commodity sector for metals such as tin, tantalum, tungsten and gold. The supply chain for the metals in question consists of many levels, including mines, traders, exporters, smelters, refiners, alloy producers and component manufacturers, before reaching EiKO's direct suppliers.
Although EiKO does not source minerals directly from Russia and mines are typically seven or more steps away from our direct suppliers, we are addressing the issue by exerting our influence on our supply chain. EiKO believes that an industry-wide approach is needed to address this issue.
EiKO will fully comply with the EU Conflict Minerals Regulation and will not purchase raw materials, assemblies or subcontracted parts that we know contain conflict minerals that directly or indirectly fund or benefit armed groups.
In order to report at the product level, we require information from all suppliers that provide components for that specific product. However, since EiKO has a large product portfolio, collecting supply chain information at product level is not a viable solution. Therefore, our approach is to conduct a thorough audit of the supply chain.
We want to continue to allow legal minerals from the region to enter global supply chains, supporting the local communities that depend on these exports. Responsibly sourced minerals are part of EiKO's supply chain on a business-as-usual basis.
EiKO will continue to work with its suppliers, industry, non-governmental organizations (NGOs) and other stakeholders to continually improve the transparency and traceability of tantalum, tin, tungsten and gold used in our products.