LayTec is part of the Nynomic Group.
Nynomic Group has set itself the goal to continually improve the economical, ecological and social consequences of its business activities.
The central responsibility for our sustainable activities lies with LayTec`s management. Well-balanced management of ecological, social and corporate governance aspects strengthensmarket position of LayTec.
We act based on the following fundamental principles:
LayTec AG Statement on the Use of "Conflict Minerals" in Products with Reference to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)and EU Regulation 2017/821
LayTec AG takes its social responsibility regarding the environment, safety, health and human rights seriously and understands that its business activities have an impact on society and the environment. LayTec is therefore committed to supporting the objectives of the Dodd-Frank Act and EU Regulation 2017/821 to restrict trade in minerals from conflict or high-risk areas to the best of its ability.
The Dodd-Frank Act specifically refers to the minerals tin, tantalum, tungsten and gold and their derivatives, which are mined in conflict areas, such as the Democratic Republic of Congo and adjoining conflict areas. According to EU Regulation 2017/821, this includes areas in armed conflict or in a weakened post-conflict situation, as well as areas with weak or absent governance and security structures.
Although LayTec AG is not an obligated party under the above-mentioned regulations and does not source these minerals directly, we are aware that conflict minerals may be present in the supply chain. With this awareness, LayTec is committed to responsible sourcing of these minerals. LayTec assures that suppliers are selected selectively according to these criteria. We expect our business partners to make comparable efforts to comply with the relevant regulations and requirements. To the best of our current knowledge, LayTec products do not directly or indirectly contain conflict minerals. The information on the origin of minerals is based on information provided by LayTec`s suppliers.
Berlin, February 2024
The Management Board