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In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law in the United States. Section 1502 of the Act relates to "conflict minerals” which are defined as:
Section 1502 requires publically held companies such as Baker Hughes to report annually to the U.S. Securities and Exchange Commission (SEC) on whether the products they manufacture or contract to manufacture contain conflict minerals. If they do, companies are required to report on whether or not these conflict minerals are necessary to the production or functionality of the applicable products.
To address the mandates of Section 1502 of The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) (the “Act”) aimed at the elimination of trade in conflict minerals in the Conflict Area.
This Policy applies to all Baker Hughes companies worldwide.
Baker Hughes is committed to the responsible sourcing of materials, products and components necessary to the functionality of the products that Baker Hughes manufactures or contracts to manufacture. Accordingly, Baker Hughes will collaborate with its suppliers to work toward a conflict-free mineral supply chain.
Baker Hughes expects its suppliers to adopt policies and management systems consistent with the Act and this policy, to supply materials, products, and components that are conflict-free and to in turn require their suppliers to adopt similar policies, systems and socially responsible sourcing practices. To that effect, we expect our suppliers to respond to our inquiries and provide declarations supporting their commitment to becoming conflict-free and documenting countries of origin for conflict minerals that they purchase.
Baker Hughes customers who are required to comply with the Act may request information regarding conflict minerals content in products sold by Baker Hughes.
Baker Hughes understands the critical need to respond in a timely manner to such requests. We are currently in the process of gathering the relevant information for conflict minerals-content products which are sold to our customers. All customer inquiries and communications regarding conflict minerals should be sent to the Baker Hughes Conflict Minerals team at the e-mail address or phone number provided.
If you are a Baker Hughes supplier and have been asked to submit responses to our conflict minerals Questionnaire, you may click on this link, which will direct you to our Conflict Minerals Supplier Portal. Thank you for your cooperation and assistance in this matter.
Baker Hughes is establishing a broad-based due diligence process to implement and sustain our Conflict Minerals Policy and to meet legal requirements.