Summary by Futu AI
Alphabet Inc., the parent company of Google, has released its Conflict Minerals Report for the year ended December 31, 2023, in compliance with the Securities Exchange Act of 1934. The report outlines the company's due diligence activities regarding the sourcing of conflict minerals, defined as cassiterite, columbite-tantalite, wolframite, and gold, or their derivatives tin, tantalum, tungsten, and gold (3TG). Alphabet's supply chain includes a broad range of suppliers and manufacturing models for hardware products such as consumer devices and their components. The company does not directly purchase raw materials and is several tiers away from the smelters and the origin of the 3TG used in its products. Alphabet's conflict minerals policy aims to establish validated conflict-free sources within the Democratic...Show More