Initiatives for Responsible Mineral Production and Sourcing

We are aware of the importance of ensuring transparency throughout the entire supply chain with respect to the mineral sourcing, which has a long and complex supply chain from upstream to down- stream, and we undertake responsible mineral sourcing initiatives in line with mechanisms advanced by the international Responsible Minerals Initiative (RMI) to ensure supply chain transparency (see figure on the right). These mechanisms aim to ensure transparency in the supply chain in a more efficient manner by starting with smelters and refineries, which are relatively few in number.
Upstream of smelters and refineries, we regularly undergo third-party, international standards- based audits of responsible mineral sourcing mechanisms at our smelters and refineries, covering matters including risk assessments of suppliers. Since audit standards vary from mineral to mineral, we work to ensure that each standard is met by conducting due diligence, developing internal systems and regulations, and providing internal training. The table below shows the status of third-party audits at our smelters and refineries.
At the finished goods manufacturers downstream from the smelters and refineries, a standarized survey is extended for the purpose of identifying the smelters and refineries that produced the minerals used in their products. We have established an approval process for responses to these surveys, which are sent from the supply chain to customer companies, and are working to ensure unified responses across the SMM Group. In FY2023 we responded to 321 survey questions.

■ Responsible Mineral Sourcing Initiatives Promoted by the RMI​

■ Status of Third-Party Audits at Our Smelters and Refineries

• For details on certification results, please refer to the SMM website
  There are no instances of artisanal and small-scale mining (ASM) within or adjacent to SMM business sites