It is Snap Inc.’s policy to fully comply with laws and guidance, in the United States and abroad, regarding conflict minerals.
The term “conflict minerals” refers to four metals -- tantalum, tin, tungsten, and gold (3TG) -- that may be sourced from mines in the Democratic Republic of Congo (DRC). Illegal armed groups control some mines and transit routes in the DRC and surrounding areas, and may use proceeds from those mines or transit routes to fund their violent operations.
In the United States, the Dodd-Frank Act requires certain companies to file annual reports with the Securities and Exchange Commission outlining the steps they take to determine if they are sourcing conflict minerals from the DRC or adjoining countries. Other countries have adopted or are considering similar regulations. And the Organisation for Economic Co-operation and Development (OECD) offers companies guidance for how to avoid using conflict minerals from the DRC and surrounding areas.
Snap Inc. requires our suppliers to agree to a Supplier Code of Conduct that sets forth 3TG sourcing and compliance standards. Those standards provide, among other things, that the suppliers must adhere to the OECD Guidance, must exercise diligence on the source and chain of custody of minerals used in their products, and must provide details of their diligence measures on request.
Snap Inc. is a member of the Responsible Business Alliance (RBA) and the Responsible Minerals Initiative (RMI). We engage with a third-party service provider to assist us with supplier outreach, data validation and smelter analysis using the Conflict Minerals Reporting Template (CMRT) developed by the RMI. Our aim is to go above and beyond to ensure no product we design plays any role in financing armed conflict.