BAC aims to engage its suppliers to commit to comply with worldwide regulations and sustainable development. We embrace business partners that adhere the same sustainability and quality standards as BAC.
What are conflict minerals and how is BAC helping eradicate their use?
Conflict minerals are minerals mined in conditions of armed conflict and human rights abuse, notably in the Democratic Republic of Congo and adjacent countries.
The “Dodd-Frank Act” is a US regulation that establishes obligations for US stock-listed companies to disclose information about their use of tin, tungsten, gold and tantalum originating from the Democratic Republic of Congo (DRC) and adjacent countries. The aim of this rule is to call for international action to end the conflict mineral trade in DRC as revenues generated by the sale may directly or indirectly finance armed groups engaged in civil war. This leads to serious social and environmental abuses.
Even though BAC is not a stock-listed company on the New York Stock Exchange, we expect our suppliers to source materials from socially responsible suppliers. We expect them to comply with the Dodd-Frank regulation and provide all necessary declarations.