UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM SD
Specialized Disclosure Report
___________________________
VERA BRADLEY, INC.
(Exact name of registrant as specified in its charter)
___________________________
| Indiana | 001-34918 | 27-2935063 | ||||||||||||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| 12420 Stonebridge Road, Roanoke, Indiana | 46783 | |||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Mark C. Dely, Chief Administrative Officer (877) 708-8372
(Name and telephone number, including area code, of the person to contact in connection with this report)
___________________________
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
| x | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023. | |||||||||||||
Section 1 - Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
A copy of Vera Bradley, Inc.'s Conflict Minerals Report is filed as Exhibit 1.01 hereto. This Specialized Disclosure Form and the associated Conflict Minerals Report are posted in the “Corporate Information” section, under “Supply Chain,” of the Company’s website at www.verabradley.com.
Item 1.02 Exhibit
See Exhibit 1.01 to this specialized disclosure report, incorporated herein by reference.
Section 2 - Exhibits
Item 2.01 Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
Vera Bradley, Inc. | ||||||||||||||
Date: May 31, 2024 | By: | /s/ Mark C. Dely | ||||||||||||
Mark C. Dely Chief Administrative Officer | ||||||||||||||
Exhibit 1.01
Conflict Minerals Report of Vera Bradley, Inc.
Pursuant to Rule 13p-1 under the Securities Exchange Act of 1934
This is the Conflict Minerals Report of Vera Bradley, Inc. for calendar year 2023 (excepting conflict minerals that, prior to January 31, 2013, were located outside of the supply chain) pursuant to Rule 13p-1 under the Securities Exchange Act of 1934, as amended (“Rule 13p-1”). The terms “Company” and “Vera Bradley” refer to Vera Bradley, Inc. and its subsidiaries.
1.Introduction
Vera Bradley manufactures or contracts to manufacture products that may contain gold, tantalum, tin and tungsten (“3TG”), such as handbags, accessories, and luggage and travel items. For the 2023 calendar year, the Company determined that certain of its products may have zippers, fasteners or other components and materials, which are necessary to the production or functionality of its products, that may contain 3TG. Therefore, Vera Bradley conducted a reasonable country of origin inquiry (“RCOI”) in good faith to determine whether any of the 3TGs that may be in its products originated in the Democratic Republic of the Congo (“DRC”) or an adjoining country (collectively referred to as the “Covered Countries”). Based on its RCOI, Vera Bradley believes that its products contain 3TGs that may have originated in the Covered Countries and, therefore, in accordance with Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (from here on referred to “Section 1502 of the Dodd-Frank Act” or “the Rule”), performed due diligence on the source and chain of custody of the 3TGs in question to determine whether its products are “DRC Conflict Free.” The Company designed its due diligence measures to conform, in all material respects, with the internationally recognized due diligence framework in The Organization for Economic Co-operation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the related supplements for gold, tin, tantalum and tungsten (the “OECD Guidance”).
Vera Bradley is committed to complying with the requirements of the Rule and upholding responsible sourcing practices. As such, the Company has put into place a due diligence program to contribute towards upholding human rights and responsible practices across the supply chain.
2.Reasonable Country of Origin Inquiry
To determine whether necessary 3TGs in Company products originated in Covered Countries, Vera Bradley retained Assent Compliance (“Assent”), a third-party service provider, to assist in reviewing the supply chain and identifying risks. The Company provided a list composed of suppliers and parts associated with the in-scope products to Assent for upload to the Assent Compliance Manager (“ACM”).
To collect data on the materials’ sources of origin within the supply chain, Vera Bradley utilized the Conflict Minerals Reporting Template (“CMRT”) version 6.0 or higher to conduct a survey of all in-scope suppliers.
During the supplier survey, the Company contacted suppliers via the ACM, a software-as-a-service (SaaS) platform provided by Assent that enables users to complete and track supplier communications, and allows suppliers to upload completed CMRTs directly to the platform for validation, assessment and management. The ACM also provides functionality that meets the OECD Guidance process expectations by evaluating the quality of each supplier response and assigning a health score based on the supplier’s declaration of process engagement. Additionally, the metrics provided in this report, as well as the step-by-step process for supplier engagement and upstream due diligence investigations performed, are managed through this platform.
Via the ACM and the Assent team, the Company requested that all suppliers complete a CMRT. Training and education to guide suppliers on best practices and the use of this template was included. Assent monitored and tracked all communications in the ACM for future reporting and transparency. Vera Bradley directly contacted suppliers that were unresponsive to Assent’s communications during the diligence process and requested that these suppliers complete the CMRT and submit it to Assent.
The Company’s program continues to include automated data validation on all submitted CMRTs. The goal of data validation is to increase the accuracy of submissions and identify any contradictory answers in the CMRT. This data validation is based on questions within the declaration tab of the CMRT, which help to identify areas that require further classification or risk assessment, and is designed to facilitate an understanding of the due-diligence efforts of the Tier 1 suppliers. The results of this data validation contribute to the program’s health assessment and are shared with the suppliers to ensure they understand areas that require clarification or improvement.
All submitted forms are accepted and classified as valid or invalid so that data is retained. Suppliers are contacted regarding invalid forms and are encouraged to submit a valid form. Suppliers are also provided with guidance on how to correct these validation errors in the form of feedback to their CMRT submission, training courses and direct engagement help through Assent’s multilingual Supplier Experience team. Since some suppliers may remain unresponsive to feedback, Vera Bradley tracks program gaps to account for future improvement opportunities. As of March 8, 2024, there were no invalid supplier submissions that could not be corrected.
As of March 8, 2024, there were 75 suppliers in scope of the conflict minerals program for the 2023 reporting year and 75 of such suppliers provided a completed CMRT. Vera Bradley’s total response rate for the 2023 reporting year was 100%. These metrics are summarized in the table below in order to assess progress from prior year:
| Year | Suppliers in Scope | % Responded | ||||||
| RY 2022 | 53 | 98% | ||||||
| RY 2023 | 75 | 100% | ||||||
Based on the findings through the RCOI process, the Company was able to determine the countries of origin for a large portion of the 3TGs in its products. As such, Vera Bradley continued to perform further due diligence on the source and chain of custody of the minerals in question.
3.Product Description
Vera Bradley contracts to manufacture products that may contain gold, tantalum, tin and tungsten (“3TG”), such as handbags, accessories and luggage and travel items. The Company determined that certain of its products may have zippers, fasteners or other components and materials, which are necessary to the production or functionality of its products, that may contain 3TG. As these materials are necessary to Vera Bradley's products, the Company is dedicated to tracing the origin of these metals to safeguard that our sourcing practices do not support conflict or human rights abuses in the Covered Countries.
4.Design of Due Diligence Measures
Vera Bradley designed its due diligence measures to conform, in all material respects, with the framework in the OECD Guidance and the related supplements. The program aligns with the five steps for due diligence that are described by the OECD Guidance and the Company continues to evaluate market expectations for data collection and reporting to identify continuous improvement opportunities.
Due diligence requires the Company’s necessary reliance on data provided by direct suppliers and third-party audit programs. There is a risk of incomplete or inaccurate data as the process cannot fully be owned by the Company. However, through continued outreach and process validation, the Company believes its processes align with industry standards and market expectations for downstream companies’ due diligence.
5.Due Diligence Measures Performed
Internal Compliance Team
Vera Bradley established a cross-functional Compliance Team led by its Director of Global Quality & Compliance. The Compliance Team is responsible for implementing the conflict minerals compliance strategy and briefing senior management about the results of these due diligence efforts.
The Company also uses a third-party service provider, Assent, to assist with evaluating supply chain information regarding 3TGs, identifying potential risks, and in the development and implementation of additional due diligence steps that the Company will undertake with suppliers in regard to conflict minerals.
The Company leverages Assent’s Managed Services in order to work with dedicated program specialists
who support Vera Bradley’s conflict minerals program. The Company communicates regularly with the Assent team to receive updates on program status. Each member of Assent’s Customer Success team is trained in conflict minerals compliance and understands the intricacies of the CMRT and conflict minerals reporting, as well as Section 1502 of the Dodd-Frank Act.
Control Systems
The Company expects all suppliers to have policies and procedures in place to ensure that 3TGs used in the production of the products sold to Vera Bradley are DRC conflict-free. This means that the products must not contain 3TGs that directly or indirectly finance or benefit armed groups in the Covered Countries. The Company relies on direct suppliers to provide information on the origin of the 3TGs contained in components and materials supplied, including sources of 3TGs that are supplied to them from lower-tier suppliers.
Vera Bradley’s Supplier Code of Conduct applies to all direct suppliers and outlines certain expected behaviors and practices. This code of conduct is based on industry and internationally-accepted principles such as the United Nations Guiding Principles on Business and Human Rights and the OECD Due Diligence Guidance. The Supplier Code of Conduct is provided to all direct suppliers. If a supplier does not meet the Company’s requirements, the relationship with this supplier will be evaluated. The Supplier Code of Conduct is reviewed annually in an effort to ensure that it continues to align with industry best practices.
Supplier Engagement
Vera Bradley believes that it has a strong relationship with its Tier 1 direct suppliers. As an extremely important part of the supply chain, Vera Bradley has leveraged processes and educational opportunities in order to ensure non-English speaking suppliers have access to a free platform to upload their CMRTs, help desk support and other multilingual resources. Vera Bradley’s suppliers are able to leverage Assent’s team of supplier support specialists to ensure they receive appropriate support and understand how to properly file a CMRT. Suppliers are provided guidance in their native language, if needed.
The Company engages with suppliers directly to request a valid CMRT for the products that they supply to the Company and continues to place a strong emphasis on supplier education and training. To accomplish this, Assent’s online resources are leveraged, and all in-scope suppliers have been provided with access to their library of conflict minerals training and support resources.
The Company believes that the combination of the Supplier Code of Conduct and direct engagement with suppliers for conflict minerals training and requests constitute a strong supplier engagement program.
Grievance Mechanisms
The Company established grievance mechanisms whereby employees and suppliers can report violations of Vera Bradley’s policies, including conflict minerals. Suppliers and others outside of Vera Bradley may contact the Company, including to report grievances, via a dedicated email address that is published. In addition, employees may anonymously report suspected violations. Any violations are reported to corporate management.
Violations or grievances at the industry level can be reported to the Responsible Minerals Initiative (the “RMI”) directly as well. This can be done at http://www.responsiblemineralsinitiative.org/responsible-minerals-assurance-process/grievance-mechanism/.
Maintain Records
The Company has adopted a policy to retain relevant documentation for a period of five years. Through Assent, a document retention policy to retain conflict minerals related documents, including supplier responses to CMRTs and the sources identified within each reporting period, has been implemented. The Company stores all of the information and findings from this process in an auditable database.
6.Identifying Risks in the Supply Chain
Risks at the supplier level may include non-responsive suppliers, incomplete CMRTs, or CMRTs that are submitted at the company level. In those cases where a company-level CMRT (such as when a company declares there are no 3TGs in any of its products) is submitted, Vera Bradley is unable to determine if all of the specified smelters and refiners were used for 3TGs in the products supplied to the Company.
Risks were identified by assessing the due diligence practices and status of smelters and refiners identified in the supply chain by upstream suppliers that listed mineral processing facilities on their CMRT declarations. Assent compared these facilities listed in the responses to the list of smelters and refiners consolidated by the RMI in order to determine that the facilities met the recognized definition of a 3TG processing facility that was operational during the 2023 calendar year.
Assent determined if the smelter had been audited against a standard in conformance with the OECD Guidance, such as the Responsible Minerals Assurance Process (“RMAP”). Vera Bradley does not have a direct relationship with smelters and refiners, and does not perform direct audits of these entities within their pre-supply chain. Smelters that have completed an RMAP audit are considered to be DRC-Conflict Free. In cases where the smelters due diligence practices have not been audited against the RMAP standard or they are considered non-conformant by RMAP, follow-ups are made to suppliers reporting doing business with those facilities. Smelters are then assessed for the potential for sourcing risk.
Each facility that meets the definition of a smelter or refiner of a 3TG mineral is assessed according to red-flag indicators defined in the OECD Guidance. Assent uses numerous factors to determine the level of risk that each smelter poses to the supply chain by identifying red flags. These factors include:
•Geographic proximity to the DRC and covered countries.
•Known mineral source country of origin.
•RMAP audit status.
•Credible evidence of unethical or conflict sourcing.
•Peer assessments conducted by credible third-party sources.
Risk mitigation activities are initiated whenever a supplier’s CMRT reported facilities of concern. Through Assent, suppliers with submissions that included any smelters of concern were immediately provided with feedback instructing that supplier to take their own independent risk mitigation actions. Examples include the submission of a product-specific CMRT to better identify the connection to products that they supply to Vera Bradley. Additional escalation may in some cases be necessary to address any continued sourcing from these smelters of concern. Suppliers are given clear performance objectives within reasonable timeframes with the ultimate goal of progressive elimination of these smelters of concern from the supply chain. In addition, suppliers are guided to the educational materials on mitigating the risks identified through the data collection process.
Suppliers are also evaluated on program strength, which assists in making key risk mitigation decisions as the program progresses. The criteria used to evaluate the strength of the program is based on certain questions in the CMRT related to the suppliers’ conflict minerals practices and policies.
7.Design and Implement a Strategy to Respond to Risks
Together with Assent, Vera Bradley developed processes to assess and respond to the risks identified in the supply chain. Vera Bradley has a risk management plan, through which the conflict minerals program is implemented, managed and monitored. As the program progresses, escalations are sent to non-responsive suppliers to outline the importance of a response via CMRTs and to outline the required cooperation for compliance to the conflict minerals rules and the Company’s expectations.
Feedback on supplier submissions is given directly to suppliers and educational resources are provided to assist suppliers in corrective action methods or to improve their internal programs. The Company engages suppliers believed to be supplying 3TGs from sources that may support conflict in the Covered Countries to establish an alternative source of 3TGs that does not support such conflict, as provided in the OECD Guidance. Assent also communicates directly with smelters that have not yet been determined to be conformant with the RMAP in order to request sourcing information and encourage their involvement with the RMI program.
In cases where suppliers have continuously been non-responsive or are not committed to corrective action plans, the Company will assess the feasibility of replacing that supplier. The results of the program and risk assessment are shared with the Compliance Team and the Vera Bradley leadership team to ensure transparency within the Company.
8.Identified Smelters or Refiners (“SORs”)
Based on survey responses received from Vera Bradley’s suppliers, Vera Bradley was not able to identify all SORs for all 3TGs that may be used in its products. Vera Bradley has identified the SORs listed below that may have processed 3TGs used in its products. SORs with a “Not Applicable” RMI Audit Status have not been verified to be legitimate SORs.
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Gold | Umicore Precious Metals Thailand | Thailand | Non Conformant | ||||||||
| Gold | Aida Chemical Industries Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Agosi AG | Germany | Conformant | ||||||||
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | Uzbekistan | Conformant | ||||||||
| Gold | AngloGold Ashanti Corrego do Sitio Mineracao | Brazil | Conformant | ||||||||
| Gold | Argor-Heraeus S.A. | Switzerland | Conformant | ||||||||
| Gold | Asahi Pretec Corp. | Japan | Conformant | ||||||||
| Gold | Asaka Riken Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Aurubis AG | Germany | Conformant | ||||||||
| Gold | Boliden AB | Sweden | Conformant | ||||||||
| Gold | C. Hafner GmbH + Co. KG | Germany | Conformant | ||||||||
| Gold | CCR Refinery - Glencore Canada Corporation | Canada | Conformant | ||||||||
| Gold | Chimet S.p.A. | Italy | Conformant | ||||||||
| Gold | Chugai Mining | Japan | Conformant | ||||||||
| Gold | DSC (Do Sung Corporation) | Korea, Republic Of | Conformant | ||||||||
| Gold | Dowa | Japan | Conformant | ||||||||
| Gold | Eco-System Recycling Co., Ltd. East Plant | Japan | Conformant | ||||||||
| Gold | LT Metal Ltd. | Korea, Republic Of | Conformant | ||||||||
| Gold | Heimerle + Meule GmbH | Germany | Conformant | ||||||||
| Gold | Heraeus Metals Hong Kong Ltd. | China | Conformant | ||||||||
| Gold | Heraeus Germany GmbH Co. KG | Germany | Conformant | ||||||||
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | China | Conformant | ||||||||
| Gold | Ishifuku Metal Industry Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Istanbul Gold Refinery | Turkey | Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Gold | Japan Mint | Japan | Conformant | ||||||||
| Gold | Jiangxi Copper Co., Ltd. | China | Conformant | ||||||||
| Gold | Asahi Refining USA Inc. | United States Of America | Conformant | ||||||||
| Gold | Asahi Refining Canada Ltd. | Canada | Conformant | ||||||||
| Gold | JX Nippon Mining & Metals Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Kazzinc | Kazakhstan | Conformant | ||||||||
| Gold | Kennecott Utah Copper LLC | United States Of America | Conformant | ||||||||
| Gold | Kojima Chemicals Co., Ltd. | Japan | Conformant | ||||||||
| Gold | LS-NIKKO Copper Inc. | Korea, Republic Of | Conformant | ||||||||
| Gold | Materion | United States Of America | Conformant | ||||||||
| Gold | Matsuda Sangyo Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Metalor Technologies (Suzhou) Ltd. | China | Conformant | ||||||||
| Gold | Metalor Technologies (Hong Kong) Ltd. | China | Conformant | ||||||||
| Gold | Metalor Technologies (Singapore) Pte., Ltd. | Singapore | Conformant | ||||||||
| Gold | Metalor Technologies S.A. | Switzerland | Conformant | ||||||||
| Gold | Metalor USA Refining Corporation | United States Of America | Conformant | ||||||||
| Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | Mexico | Conformant | ||||||||
| Gold | Mitsubishi Materials Corporation | Japan | Conformant | ||||||||
| Gold | Mitsui Mining and Smelting Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Nadir Metal Rafineri San. Ve Tic. A.S. | Turkey | Conformant | ||||||||
| Gold | Navoi Mining and Metallurgical Combinat | Uzbekistan | Conformant | ||||||||
| Gold | Nihon Material Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Ohura Precious Metal Industry Co., Ltd. | Japan | Conformant | ||||||||
| Gold | MKS PAMP SA | Switzerland | Conformant | ||||||||
| Gold | PT Aneka Tambang (Persero) Tbk | Indonesia | Conformant | ||||||||
| Gold | PX Precinox S.A. | Switzerland | Conformant | ||||||||
| Gold | Rand Refinery (Pty) Ltd. | South Africa | Conformant | ||||||||
| Gold | Royal Canadian Mint | Canada | Conformant | ||||||||
| Gold | SEMPSA Joyeria Plateria S.A. | Spain | Conformant | ||||||||
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | China | Conformant | ||||||||
| Gold | Sichuan Tianze Precious Metals Co., Ltd. | China | Conformant | ||||||||
| Gold | Solar Applied Materials Technology Corp. | Taiwan, Province Of China | Conformant | ||||||||
| Gold | Sumitomo Metal Mining Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Tanaka Kikinzoku Kogyo K.K. | Japan | Conformant | ||||||||
| Gold | Shandong Gold Smelting Co., Ltd. | China | Conformant | ||||||||
| Gold | Tokuriki Honten Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Torecom | Korea, Republic Of | Conformant | ||||||||
| Gold | Umicore S.A. Business Unit Precious Metals Refining | Belgium | Conformant | ||||||||
| Gold | United Precious Metal Refining, Inc. | United States Of America | Conformant | ||||||||
| Gold | Valcambi S.A. | Switzerland | Conformant | ||||||||
| Gold | Western Australian Mint (The Perth Mint) | Australia | Conformant | ||||||||
| Gold | Yamakin Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Yokohama Metal Co., Ltd. | Japan | Conformant | ||||||||
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China | Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | China | Conformant | ||||||||
| Gold | SAFINA A.S. | Czechia | Conformant | ||||||||
| Gold | MMTC-PAMP India Pvt., Ltd. | India | Conformant | ||||||||
| Gold | KGHM Polska Miedz Spolka Akcyjna | Poland | Conformant | ||||||||
| Gold | T.C.A S.p.A | Italy | Conformant | ||||||||
| Gold | REMONDIS PMR B.V. | Netherlands | Conformant | ||||||||
| Gold | Korea Zinc Co., Ltd. | Korea, Republic Of | Conformant | ||||||||
| Gold | TOO Tau-Ken-Altyn | Kazakhstan | Conformant | ||||||||
| Gold | L'Orfebre S.A. | Andorra | Conformant | ||||||||
| Gold | Italpreziosi | Italy | Conformant | ||||||||
| Gold | WIELAND Edelmetalle GmbH | Germany | Conformant | ||||||||
| Gold | Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH | Austria | Conformant | ||||||||
| Gold | SungEel HiMetal Co., Ltd. | Korea, Republic Of | Conformant | ||||||||
| Gold | Planta Recuperadora de Metales SpA | Chile | Conformant | ||||||||
| Gold | NH Recytech Company | Korea, Republic Of | Conformant | ||||||||
| Gold | Eco-System Recycling Co., Ltd. North Plant | Japan | Conformant | ||||||||
| Gold | Eco-System Recycling Co., Ltd. West Plant | Japan | Conformant | ||||||||
| Gold | Metal Concentrators SA (Pty) Ltd. | South Africa | Conformant | ||||||||
| Gold | Degussa Sonne / Mond Goldhandel GmbH | Germany | Outreach Required | ||||||||
| Gold | Safimet S.p.A | Italy | Non Conformant | ||||||||
| Gold | Coimpa Industrial LTDA | Brazil | Conformant | ||||||||
| Gold | Advanced Chemical Company | United States Of America | Active | ||||||||
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines | Conformant | ||||||||
| Gold | Cendres + Metaux S.A. | Switzerland | Non Conformant | ||||||||
| Gold | Daye Non-Ferrous Metals Mining Ltd. | China | Outreach Required | ||||||||
| Gold | JSC Novosibirsk Refinery | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | JSC Uralelectromed | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | Moscow Special Alloys Processing Plant | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | Prioksky Plant of Non-Ferrous Metals | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | Samduck Precious Metals | Korea, Republic Of | Non Conformant | ||||||||
| Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Gold | Great Wall Precious Metals Co., Ltd. of CBPM | China | Outreach Required | ||||||||
| Gold | Singway Technology Co., Ltd. | Taiwan, Province Of China | Non Conformant | ||||||||
| Gold | Al Etihad Gold Refinery DMCC | United Arab Emirates | Non Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Gold | Emirates Gold DMCC | United Arab Emirates | Non Conformant | ||||||||
| Gold | Marsam Metals | Brazil | Non Conformant | ||||||||
| Gold | SAAMP | France | Non Conformant | ||||||||
| Gold | 8853 S.p.A. | Italy | Non Conformant | ||||||||
| Gold | Bangalore Refinery | India | Active | ||||||||
| Gold | Augmont Enterprises Private Limited | India | Non Conformant | ||||||||
| Gold | Alexy Metals | United States Of America | Non Conformant | ||||||||
| Tantalum | F&X Electro-Materials Ltd. | China | Conformant | ||||||||
| Tantalum | XIMEI RESOURCES (GUANGDONG) LIMITED | China | Conformant | ||||||||
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | China | Conformant | ||||||||
| Tantalum | Jiujiang Tanbre Co., Ltd. | China | Conformant | ||||||||
| Tantalum | AMG Brasil | Brazil | Conformant | ||||||||
| Tantalum | Metallurgical Products India Pvt., Ltd. | India | Conformant | ||||||||
| Tantalum | Mineracao Taboca S.A. | Brazil | Conformant | ||||||||
| Tantalum | Mitsui Mining and Smelting Co., Ltd. | Japan | Conformant | ||||||||
| Tantalum | NPM Silmet AS | Estonia | Conformant | ||||||||
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | China | Conformant | ||||||||
| Tantalum | QuantumClean | United States Of America | Conformant | ||||||||
| Tantalum | Yanling Jincheng Tantalum & Niobium Co., Ltd. | China | Conformant | ||||||||
| Tantalum | Taki Chemical Co., Ltd. | Japan | Conformant | ||||||||
| Tantalum | Telex Metals | United States Of America | Conformant | ||||||||
| Tantalum | Ulba Metallurgical Plant JSC | Kazakhstan | Conformant | ||||||||
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | China | Conformant | ||||||||
| Tantalum | D Block Metals, LLC | United States Of America | Conformant | ||||||||
| Tantalum | FIR Metals & Resource Ltd. | China | Conformant | ||||||||
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China | Conformant | ||||||||
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | China | Conformant | ||||||||
| Tantalum | KEMET de Mexico | Mexico | Conformant | ||||||||
| Tantalum | TANIOBIS Co., Ltd. | Thailand | Conformant | ||||||||
| Tantalum | TANIOBIS GmbH | Germany | Conformant | ||||||||
| Tantalum | Materion Newton Inc. | United States Of America | Conformant | ||||||||
| Tantalum | TANIOBIS Japan Co., Ltd. | Japan | Conformant | ||||||||
| Tantalum | TANIOBIS Smelting GmbH & Co. KG | Germany | Conformant | ||||||||
| Tantalum | Global Advanced Metals Boyertown | United States Of America | Conformant | ||||||||
| Tantalum | Global Advanced Metals Aizu | Japan | Conformant | ||||||||
| Tantalum | Resind Industria e Comercio Ltda. | Brazil | Conformant | ||||||||
| Tantalum | Jiangxi Tuohong New Raw Material | China | Conformant | ||||||||
| Tantalum | RFH Yancheng Jinye New Material Technology Co., Ltd. | China | Conformant | ||||||||
| Tantalum | Solikamsk Magnesium Works OAO | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tantalum | XinXing HaoRong Electronic Material Co., Ltd. | China | Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Tantalum | Guangdong Rising Rare Metals-EO Materials Ltd. | China | Active | ||||||||
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | China | Conformant | ||||||||
| Tin | Alpha | United States Of America | Conformant | ||||||||
| Tin | PT Aries Kencana Sejahtera | Indonesia | Conformant | ||||||||
| Tin | Dowa | Japan | Conformant | ||||||||
| Tin | EM Vinto | Bolivia (Plurinational State Of) | Conformant | ||||||||
| Tin | Estanho de Rondonia S.A. | Brazil | Conformant | ||||||||
| Tin | Fenix Metals | Poland | Conformant | ||||||||
| Tin | China Tin Group Co., Ltd. | China | Conformant | ||||||||
| Tin | Malaysia Smelting Corporation (MSC) | Malaysia | Conformant | ||||||||
| Tin | Metallic Resources, Inc. | United States Of America | Conformant | ||||||||
| Tin | Mineracao Taboca S.A. | Brazil | Conformant | ||||||||
| Tin | Minsur | Peru | Conformant | ||||||||
| Tin | Mitsubishi Materials Corporation | Japan | Conformant | ||||||||
| Tin | Jiangxi New Nanshan Technology Ltd. | China | Conformant | ||||||||
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | Thailand | Conformant | ||||||||
| Tin | Operaciones Metalurgicas S.A. | Bolivia (Plurinational State Of) | Conformant | ||||||||
| Tin | PT Artha Cipta Langgeng | Indonesia | Conformant | ||||||||
| Tin | PT Babel Inti Perkasa | Indonesia | Conformant | ||||||||
| Tin | PT Babel Surya Alam Lestari | Indonesia | Conformant | ||||||||
| Tin | PT Bukit Timah | Indonesia | Conformant | ||||||||
| Tin | PT Mitra Stania Prima | Indonesia | Conformant | ||||||||
| Tin | PT Prima Timah Utama | Indonesia | Conformant | ||||||||
| Tin | PT Refined Bangka Tin | Indonesia | Conformant | ||||||||
| Tin | PT Sariwiguna Binasentosa | Indonesia | Conformant | ||||||||
| Tin | PT Stanindo Inti Perkasa | Indonesia | Conformant | ||||||||
| Tin | PT Timah Tbk Kundur | Indonesia | Conformant | ||||||||
| Tin | PT Timah Tbk Mentok | Indonesia | Conformant | ||||||||
| Tin | Rui Da Hung | Taiwan, Province Of China | Conformant | ||||||||
| Tin | Thaisarco | Thailand | Conformant | ||||||||
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | China | Conformant | ||||||||
| Tin | Tin Smelting Branch of Yunnan Tin Co., Ltd. | China | Conformant | ||||||||
| Tin | CV Venus Inti Perkasa | Indonesia | Conformant | ||||||||
| Tin | Magnu's Minerais Metais e Ligas Ltda. | Brazil | Conformant | ||||||||
| Tin | PT ATD Makmur Mandiri Jaya | Indonesia | Conformant | ||||||||
| Tin | O.M. Manufacturing Philippines, Inc. | Philippines | Conformant | ||||||||
| Tin | CV Ayi Jaya | Indonesia | Conformant | ||||||||
| Tin | PT Rajehan Ariq | Indonesia | Conformant | ||||||||
| Tin | PT Cipta Persada Mulia | Indonesia | Conformant | ||||||||
| Tin | Resind Industria e Comercio Ltda. | Brazil | Conformant | ||||||||
| Tin | Aurubis Beerse | Belgium | Conformant | ||||||||
| Tin | Aurubis Berango | Spain | Conformant | ||||||||
| Tin | PT Sukses Inti Makmur | Indonesia | Conformant | ||||||||
| Tin | PT Menara Cipta Mulia | Indonesia | Conformant | ||||||||
| Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. | China | Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Tin | Chifeng Dajingzi Tin Industry Co., Ltd. | China | Conformant | ||||||||
| Tin | PT Bangka Serumpun | Indonesia | Conformant | ||||||||
| Tin | Tin Technology & Refining | United States Of America | Conformant | ||||||||
| Tin | PT Rajawali Rimba Perkasa | Indonesia | Conformant | ||||||||
| Tin | Luna Smelter, Ltd. | Rwanda | Conformant | ||||||||
| Tin | PT Mitra Sukses Globalindo | Indonesia | Conformant | ||||||||
| Tin | CRM Synergies | Spain | Conformant | ||||||||
| Tin | Fabrica Auricchio Industria e Comercio Ltda. | Brazil | Conformant | ||||||||
| Tin | PT Putera Sarana Shakti (PT PSS) | Indonesia | Conformant | ||||||||
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | China | Conformant | ||||||||
| Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. | China | Non Conformant | ||||||||
| Tin | PT Belitung Industri Sejahtera | Indonesia | Active | ||||||||
| Tin | PT Tinindo Inter Nusa | Indonesia | Conformant | ||||||||
| Tin | PT Tommy Utama | Indonesia | Conformant | ||||||||
| Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | China | Non Conformant | ||||||||
| Tin | White Solder Metalurgia e Mineracao Ltda. | Brazil | Conformant | ||||||||
| Tin | Gejiu Kai Meng Industry and Trade LLC | China | Non Conformant | ||||||||
| Tin | Novosibirsk Tin Combine | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tin | PT Timah Nusantara | Indonesia | Conformant | ||||||||
| Tin | Melt Metais e Ligas S.A. | Brazil | Non Conformant | ||||||||
| Tin | Yunnan Yunfan Non-ferrous Metals Co., Ltd. | China | Conformant | ||||||||
| Tin | CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda | Brazil | Conformant | ||||||||
| Tungsten | A.L.M.T. Corp. | Japan | Conformant | ||||||||
| Tungsten | Kennametal Huntsville | United States Of America | Conformant | ||||||||
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Global Tungsten & Powders LLC | United States Of America | Conformant | ||||||||
| Tungsten | Hunan Chenzhou Mining Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Japan New Metals Co., Ltd. | Japan | Conformant | ||||||||
| Tungsten | Kennametal Fallon | United States Of America | Conformant | ||||||||
| Tungsten | Wolfram Bergbau und Hutten AG | Austria | Conformant | ||||||||
| Tungsten | Xiamen Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Asia Tungsten Products Vietnam Ltd. | Viet Nam | Conformant | ||||||||
| Metal | Smelter Name | Country | RMI Audit Status | ||||||||
| Tungsten | Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch | China | Conformant | ||||||||
| Tungsten | H.C. Starck Tungsten GmbH | Germany | Conformant | ||||||||
| Tungsten | TANIOBIS Smelting GmbH & Co. KG | Germany | Conformant | ||||||||
| Tungsten | Masan High-Tech Materials | Viet Nam | Conformant | ||||||||
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Niagara Refining LLC | United States Of America | Conformant | ||||||||
| Tungsten | China Molybdenum Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Philippine Chuangxin Industrial Co., Inc. | Philippines | Conformant | ||||||||
| Tungsten | Lianyou Metals Co., Ltd. | Taiwan, Province Of China | Conformant | ||||||||
| Tungsten | Hubei Green Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Cronimet Brasil Ltda | Brazil | Conformant | ||||||||
| Tungsten | Fujian Xinlu Tungsten Co., Ltd. | China | Conformant | ||||||||
| Tungsten | Hunan Jintai New Material Co., Ltd. | China | Non Conformant | ||||||||
| Tungsten | Hydrometallurg, JSC | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tungsten | Unecha Refractory metals plant | Russian Federation | Non Conformant | ||||||||
| Tungsten | ACL Metais Eireli | Brazil | Non Conformant | ||||||||
| Tungsten | Moliren Ltd. | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tungsten | JSC "Kirovgrad Hard Alloys Plant" | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tungsten | NPP Tyazhmetprom LLC | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tungsten | Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. | Brazil | Non Conformant | ||||||||
| Tungsten | OOO “Technolom” 2 | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
| Tungsten | OOO “Technolom” 1 | Russian Federation | RMI Due Diligence Review - Unable to Proceed | ||||||||
9.Independent Private Sector Audit
Vera Bradley does not have a direct relationship with any 3TG smelters or refiners and does not perform or direct audits of these entities within the supply chain. Instead, the Company relies on third-party audits of smelters and refiners conducted as part of the RMAP. The RMAP uses independent private-sector auditors, and audits the source, including the mines of origin, and the chain of custody of the conflict minerals used by smelters and refiners that agree to participate in the program.
Assent also directly contacts smelters and refiners that are not currently enrolled in the RMAP to encourage their participation and gather information regarding each facilities’ sourcing practices on behalf of its compliance partners. Vera Bradley is a
signatory of this communication in accordance with the requirements of downstream companies detailed in the OECD Guidance.
10.Forward Looking Statements
This Conflict Minerals Report contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical or current fact included in this report are forward-looking statements. Forward-looking statements refer to our current expectations and projections. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “should,” “can have,” and “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.