In our Code of Conduct for Albemarle Business Partners, we articulate our expectation that Business Partners shall:
- Undertake appropriate due diligence on raw materials in their supply chain and abide by all applicable laws and regulations related to conflict minerals
- Undertake appropriate measures to prevent any conflict minerals entering their supply chains, and notify Albemarle in writing, if any minerals supplied to Albemarle are not conflict-free
- Provide all necessary information to enable Albemarle to complete its own inquiries and due diligence on the origin of raw materials
As part of our third-party risk management program, we undertake the following measures to provide assurance in relation to conflict minerals:
- All third parties in Albemarle’s SAP system are screened against multiple denied party lists including, for example, the US Customs and Border Protection Forced Labor list;
- The procurement of raw materials within Albemarle is managed by a dedicated team within Albemarle, who are familiar with conflict-minerals-related requirements imposed by US and – more recently – EU legislation.
- Relevant vendors are required to periodically complete the Responsible Mining Initiative Conflict Minerals Reporting Template.
- Any smelter within the Albemarle supply chain that falls within the scope of US/EU conflict minerals legislation must be on the RMI Conformant Smelters and Refiners List.