EXHIBIT 1.01
Brady Corporation
Conflict Minerals Report
For the Year Ended December 31, 2014
I.Introduction
This report has been prepared by management of Brady Corporation (hereinafter referred to as “Brady”, “Company”, “we”, “us”, “our”) pursuant to Rule 13p-1 under the Securities Exchange Act of 1934 as amended, for the reporting period January 1 to December 31, 2014. Reasonable country of origin inquiry (“RCOI”) and due diligence efforts were undertaken by Brady to determine whether our products contain casserite, columbite-tantalite, gold, wolframite, or other derivatives, which are limited to tin, tantalum, tungsten and gold (collectively, “3TG Minerals”), and further, to determine whether any such materials directly or indirectly fund or benefit armed groups in the Democratic Republic of the Congo or any adjacent countries (“Covered Countries”). The scope of the RCOI and due diligence include products both sourced directly by, and manufactured for, Brady in calendar year 2014.
Brady manufactures, or contracts for manufacture, products that contain materials or components that use 3TG Minerals. Due to the depth of its supply chain, Brady is far removed from the sources of ore from which these metals are produced and the smelters/refiners that process them. The efforts undertaken by Brady to identify the country(ies) of origin of those ores reflect our circumstances and position in the supply chain, which in many cases is multiple steps removed from the smelter or mine. The information available globally on the traceability and sourcing of these ores is limited at this time, and this situation is not unique to Brady.
Our 2014 RCOI inquiry began with a process to identify the products we manufacture or contract to manufacture that have a possibility of containing 3TG Minerals. In 2014, Brady expanded the scope of review of its product lines, as compared to 2013, and where there was uncertainty about a particular product being in scope of the 3TG Minerals review, it was included in the 2014 inquiries. The exact nature of the parts and materials identified in our products that may contain 3TG Minerals ranged over a broad spectrum of items, but were heavily concentrated in electronics and workplace safety products.
Brady conducted an RCOI of those suppliers, deemed “in scope”, using the Conflict Materials Reporting Template (CMRT v.3.02), which is the Conflict Free Sourcing Initiative (CFSI) reporting template developed by the Electronic Industry Citizenship Coalition/Global e-Sustainability Initiative (EICC/GeSI).
The supplier responses received were reviewed for completeness and consistency. We also verified “No 3TG content declarations” on a random basis to provide additional assurance of the claims made by suppliers. In certain other instances, suppliers were required to provide clarifications or additional detail where responses were incomplete or in need of explanation. Our RCOI process includes an escalation procedure seeking information from non-responsive suppliers. Our escalation process resulted in an increase of 10% in the response rate, and to date, we have a response rate just over 70% of our in scope suppliers.
For 2014, as compared to 2013, a number of Brady’s suppliers reported a significant improvement in their own RCOI initiatives, and they identified approximately 225 smelters (versus four in 2013). Brady undertook due diligence on the identified smelters to determine their status regarding conflict minerals, and as noted below, none have been shown to engage with conflict mines.
As such, we believe our process was reasonably designed and performed in good faith.
II.Design of Due Diligence Measures
Brady designed its 3TG Minerals compliance procedures based on, and in conformity with, the five-step framework of OECD (2013), OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Second Edition, OECD Publishing.
http://dx.doi.org/10.1787/9789264185050-en
III. Due Diligence Measures Performed by Brady Corporation
The following are the due diligence measures performed by Brady:
•Communicated our policy on 3TG Minerals to direct suppliers;
•Conducted teleconference awareness sessions concerning the commitments and requirements expected of Brady suppliers
regarding 3TG Minerals, supported by follow-up email and phone communication;
•Requested suppliers to conduct their own 3TG inquiries;
• | Compared smelter listings from our supply chain with the CFSI list of validated conflict free and verified facilities and the U.S. Department of Commerce "Reporting Requirements Under Section 1502(d)(3)(C) of the Dodd-Frank Act World-Wide Conflict Mineral Processing Facilities"; (http://www.ita.doc.gov/td/forestprod/DOC-ConflictMineralReport.pdf) to verify smelter status; |
• | Supported the development and implementation of independent third-party audits of smelters/refiners through each of our 3TG Minerals policy and procurement practices, which encourages suppliers to purchase materials from audited smelters/refiners; and |
• | Reported to senior management and the Board of Directors on the status of direct supplier responses. |
IV. Product Determination
Brady has not received any information from our direct suppliers indicating that any of the 3TG Minerals that are used in our products are known or believed to fund the conflict in the Covered Countries. However, all suppliers have not responded at this time, and for those that have responded, we are continuing to work to improve the quality of their responses to our due diligence information requests. Based on information as of the date of this report, Brady has no evidence that any of the 3TG Minerals used in our products fund the conflict in the Covered Countries, although that cannot be determined with absolute certainty. We are continuing our efforts to obtain additional information from our direct suppliers of 3TG Minerals.
V. Product Description
The scope of our inquiry covered all products manufactured, or contracted for manufacture by Brady Corporation:
•Thermal transfer printers - both hand-held and desk models - containing electronic parts;
•Labels and tapes for thermal transfer printing, some of which are in cassettes containing electronic parts;
•Preprinted labels and tapes, some with external coating, pipe and wire markers, and metal asset tags;
•Safety signs and traffic signs;
•Pads for medical applications and sorbent materials for environmental clean-up;
•Lockout/tagout devices (primarily plastic);
•Visitor identification badges, badge holders and lanyards, and wristbands;
•Die-cut materials for the telecommunication industry - primarily plastics and polyester foams.
The smelting and refining facilities used to process the mined materials that were identified by our 3TG Minerals suppliers are described in Attachment 1(A) and Attachment 1(B) to this Conflict Minerals Report.
Brady also sells products that are purchased ‘as is’ from manufacturers and not manufactured, or contracted to manufacture, or whose design and bill of materials is not influenced in any way by Brady. These include traffic cones and barriers, barrier and perimeter tapes, and certain of our lockout/tagout devices. Brady also develops software for products that are factory installed or downloadable. All of the foregoing products are not within the scope of this report.
VI. Steps to Improve Due Diligence
We will continue to communicate our expectations and information requirements regarding 3TG Minerals to our direct suppliers, as a part of our supplier compliance program. Brady has incorporated more detailed discussions of compliance in general, including conflict minerals, in our supplier manual, which is distributed to all suppliers, and in our specifications for all new parts. We also include compliance requirements generally, and conflict minerals information specifically, in discussions with our suppliers, including detailed on-site assessments that examine policies, procedures and practices. We will continue to monitor changes in circumstances that may impact the facts or our determination regarding the source of our 3TG Minerals. Over time we anticipate that the amount of information globally on the traceability and sourcing of these ores will increase and improve our knowledge. We will continue to make further inquiries to our direct suppliers with the goals of assessing our supply chain, including existing and new suppliers, and improving our understanding of each 3TG Mineral supply chain.
VII. Independent Private Sector Audit
Not required for Brady’s conflict minerals filing for calendar year 2014.
Attachment 1(A)
CFSI Conflict Free Smelter and Refiner List | |||
3TG | Smelter name | Smelter Country | Comment* |
Gold | Aida Chemical Industries Co. Ltd. | JAPAN | Active |
Gold | Allgemeine Gold- und Silberscheideanstalt A.G. | GERMANY | |
Gold | AngloGold Ashanti Córrego do Sítio Minerção | BRAZIL | |
Gold | Argor-Heraeus SA | SWITZERLAND | |
Gold | Asahi Pretec Corp | JAPAN | |
Gold | Asaka Riken Co Ltd | JAPAN | Active |
Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | TURKEY | |
Gold | Aurubis AG | GERMANY | |
Gold | Boliden AB | SWEDEN | |
Gold | C. Hafner GmbH + Co. KG | GERMANY | |
Gold | CCR Refinery - Glencore Canada Corporation | CANADA | |
Gold | Cendres + Métaux SA | SWITZERLAND | Active |
Gold | Chimet SpA | ITALY | |
Gold | Dowa | JAPAN | |
Gold | Eco-System Recycling Co., Ltd. | JAPAN | |
Gold | Heimerle + Meule GmbH | GERMANY | |
Gold | Heraeus Ltd Hong Kong | HONG KONG | |
Gold | Heraeus Precious Metals GmbH & Co. KG | GERMANY | |
Gold | Ishifuku Metal Industry Co., Ltd. | JAPAN | |
Gold | Istanbul Gold Refinery | TURKEY | |
Gold | Japan Mint | JAPAN | |
Gold | Johnson Matthey Inc | UNITED STATES | |
Gold | Johnson Matthey Ltd | CANADA | |
Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | RUSSIAN FEDERATION | |
Gold | JX Nippon Mining & Metals Co., Ltd. | JAPAN | |
Gold | Kazzinc Ltd | KAZAKHSTAN | |
Gold | Kennecott Utah Copper | UNITED STATES | |
Gold | Kojima Chemicals Co., Ltd | JAPAN | |
Gold | L' azurde Company For Jewelry | SAUDI ARABIA | |
Gold | LS-Nikko Copper Inc | KOREA, REPUBLIC OF | |
Gold | Materion | UNITED STATES | |
Gold | Matsuda Sangyo Co., Ltd. | JAPAN | |
Gold | Metalor Technologies (Singapore) Pte. Ltd. | SINGAPORE | |
Gold | Metalor Technologies SA | SWITZERLAND | |
Gold | Metalor Technologies(HongKong)Limited | HONG KONG | |
Gold | Metalor USA Refining Corporation | UNITED STATES | |
Gold | Met-Mex Peñoles, S.A. | MEXICO | |
Gold | Mitsubishi Materials Corporation | JAPAN | |
Gold | Mitsui Mining and Smelting Co., Ltd. | JAPAN | |
Gold | Nadir Metal Rafineri San. Ve Tic. A.ª. | TURKEY | |
Gold | Nihon Material Co. LTD | JAPAN | |
Gold | Ohio Precious Metals LLC. | UNITED STATES | |
Gold | Ohura Precious Metal Industry Co., Ltd | JAPAN | |
Gold | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastvetmet) | RUSSIAN FEDERATION | |
Gold | PAMP SA | SWITZERLAND |
Gold | PT Aneka Tambang (Persero) Tbk | INDONESIA | |
Gold | PX Précinox SA | SWITZERLAND | |
Gold | Rand Refinery (Pty) Ltd | SOUTH AFRICA | |
Gold | Royal Canadian Mint | CANADA | |
Gold | Sabin Metal Corp. | UNITED STATES | Active |
Gold | Schone Edelmetaal | NETHERLANDS | |
Gold | SEMPSA Joyería Platería SA | SPAIN | |
Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd | CHINA | |
Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | RUSSIAN FEDERATION | Active |
Gold | Solar Applied Materials Technology Corp. | TAIWAN | |
Gold | Sumitomo Metal Mining Co., Ltd. | JAPAN | |
Gold | Tanaka Kikinzoku Kogyo K.K. | JAPAN | |
Gold | The Refinery of Shandong Gold Mining Co. Ltd | CHINA | |
Gold | Tokuriki Honten Co., Ltd | JAPAN | |
Gold | Umicore Brasil Ltda | BRAZIL | |
Gold | Umicore SA Business Unit Precious Metals Refining | BELGIUM | |
Gold | United Precious Metal Refining, Inc. | UNITED STATES | |
Gold | Valcambi SA | SWITZERLAND | |
Gold | Western Australian Mint trading as The Perth Mint | AUSTRALIA | |
Gold | YAMAMOTO PRECIOUS METAL CO., LTD. | JAPAN | Active |
Gold | Yokohama Metal Co Ltd | JAPAN | Active |
Tantalum | Conghua Tantalum and Niobium Smeltry | CHINA | |
Tantalum | Duoluoshan | CHINA | |
Tantalum | Exotech Inc. | UNITED STATES | |
Tantalum | F&X Electro-Materials Ltd. | CHINA | |
Tantalum | Global Advanced Metals | UNITED STATES | |
Tantalum | Hi-Temp | UNITED STATES | |
Tantalum | Jiujiang Tanbre Co., Ltd. | CHINA | |
Tantalum | KEMET Blue Powder | UNITED STATES | |
Tantalum | King-Tan Tantalum Industry Ltd | CHINA | Active |
Tantalum | Metallurgical Products India (Pvt.) Ltd. | INDIA | |
Tantalum | Mitsui Mining & Smelting | JAPAN | |
Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CHINA | |
Tantalum | QuantumClean | UNITED STATES | |
Tantalum | RFH Tantalum Smeltry Co., Ltd | CHINA | |
Tantalum | Taki Chemicals | JAPAN | |
Tantalum | Telex | UNITED STATES | |
Tantalum | Ulba | KAZAKHSTAN | |
Tin | Alpha- Cookson | UNITED STATES | |
Tin | China Rare Metal Materials Company | CHINA | Active |
Tin | Cooper Santa | BRAZIL | Active |
Tin | CV JusTindo | INDONESIA | Active |
Tin | CV Nurjanah | INDONESIA | Active |
Tin | CV Serumpun Sebalai | INDONESIA | Active |
Tin | CV United Smelting | INDONESIA | |
Tin | EM Vinto | BOLIVIA | |
Tin | Fenix Metals | POLAND | Active |
Tin | Gejiu Non-Ferrous Metal Processing Co. Ltd. | CHINA | |
Tin | Liuzhou nChina Tin Group Co., Ltd. | CHINA | Active |
Tin | Magnu's Minerais Metais e Ligas LTDA | BRAZIL |
Tin | Malaysia Smelting Corporation (MSC) | MALAYSIA | |
Tin | Melt Metais e Ligas S/A | BRAZIL | |
Tin | Metallo Chimique | BELGIUM | |
Tin | Mineração Taboca S.A. | BRAZIL | |
Tin | Minsur | PERU | |
Tin | Mitsubishi Materials Corporation | JAPAN | |
Tin | O.M. Manufacturing (Thailand) Co., Ltd. | THAILAND | Active |
Tin | OMSA | BOLIVIA | |
Tin | PT Artha Cipta Langgeng | INDONESIA | Active |
Tin | PT Babel Inti Perkasa | INDONESIA | |
Tin | PT Bangka Putra Karya | INDONESIA | |
Tin | PT Bangka Tin Industry | INDONESIA | |
Tin | PT Belitung Industri Sejahtera | INDONESIA | Active |
Tin | PT BilliTin Makmur Lestari | INDONESIA | Active |
Tin | PT Bukit Timah | INDONESIA | |
Tin | PT DS Jaya Abadi | INDONESIA | |
Tin | PT Eunindo Usaha Mandiri | INDONESIA | |
Tin | PT Karimun Mining | INDONESIA | Active |
Tin | PT Mitra Stania Prima | INDONESIA | Active |
Tin | PT Panca Mega Persada | INDONESIA | Active |
Tin | PT Prima Timah Utama | INDONESIA | |
Tin | PT Refined Banka Tin | INDONESIA | |
Tin | PT Sariwiguna Binasentosa | INDONESIA | |
Tin | PT Stanindo Inti Perkasa | INDONESIA | |
Tin | PT Sumber Jaya Indah | INDONESIA | Active |
Tin | PT Tambang Timah | INDONESIA | |
Tin | PT Timah | INDONESIA | |
Tin | PT Tinindo Inter Nusa | INDONESIA | Active |
Tin | Rui Da Hung | TAIWAN | Active |
Tin | Soft Metais, Ltda. | BRAZIL | Active |
Tin | Thaisarco | THAILAND | |
Tin | White Solder Metalurgia e Mineração Ltda. | BRAZIL | |
Tin | Yunnan Chengfeng | CHINA | Active |
Tin | Yunnan Tin Company Limited | CHINA | |
Tungsten | A.L.M.T. Corp. | JAPAN | Active |
Tungsten | Chaozhou Xianglu Tungsten IND Co., LTD. | CHINA | Active |
Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. | CHINA | Active |
Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | CHINA | Active |
Tungsten | Dayu Weiliang Tungsten Co., Ltd. | CHINA | Active |
Tungsten | Fujian Jinxin Tungsten Co., Ltd. | CHINA | Active |
Tungsten | Ganzhou Huaxin Tungsten Products Ltd | CHINA | |
Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CHINA | |
Tungsten | Ganzhou Non-ferrous Metals Smelting Co., Ltd. | CHINA | Active |
Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CHINA | |
Tungsten | Global Tungsten & Powders Corp | UNITED STATES | |
Tungsten | H.C. Starck GmbH | GERMANY | Active |
Tungsten | H.C. Starck Smelting GmbH & Co.KG | GERMANY | Active |
Tungsten | Hunan Chenzhou Mining Group Co., Ltd. | CHINA | Active |
Tungsten | Hunan Chunchang Nonferrous Metals Co., Ltd. | CHINA | |
Tungsten | Japan New Metals Co., Ltd. | JAPAN |
Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CHINA | Active |
Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | CHINA | Active |
Tungsten | Kennametal Fallon | UNITED STATES | Active |
Tungsten | Kennametal Huntsville | UNITED STATES | Active |
Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. | VIET NAM | Active |
Tungsten | Vietnam Youngsun Tungsten Industry Co., Ltd | VIET NAM | |
Tungsten | Wolfram Bergbau und Hütten AG | AUSTRIA | Active |
Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CHINA | |
Tungsten | Xiamen Tungsten Co., Ltd | CHINA | |
Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. | CHINA | Active |
* All smelters/refiners on this list are certified by CFSI as conflict free, except for those identified as "Active". Smelters/refiners identified as "Active" are currently in the conflict free audit certification process being conducted by CFSI. |
Attachment 1(B)
CFSI Indeterminate Smelter and Refiner List* | ||
3TG | Smelter name | Smelter Country |
Gold | Almalyk Mining and Metallurgical Complex (AMMC) | UZBEKISTAN |
Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | PHILIPPINES |
Gold | Bauer Walser AG | GERMANY |
Gold | Caridad | MEXICO |
Gold | Chugai Mining | JAPAN |
Gold | Codelco | CHILE |
Gold | Daejin Indus Co. Ltd | KOREA, REPUBLIC OF |
Gold | Daye Non-Ferrous Metals Mining Ltd. | CHINA |
Gold | Do Sung Corporation | KOREA, REPUBLIC OF |
Gold | Doduco | GERMANY |
Gold | FSE Novosibirsk Refinery | RUSSIAN FEDERATION |
Gold | Guangdong Jinding Gold Limited | CHINA |
Gold | Hunan Chenzhou Mining Group Co., Ltd. | CHINA |
Gold | Hwasung CJ Co. Ltd | KOREA, REPUBLIC OF |
Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited | CHINA |
Gold | Jiangxi Copper Company Limited | CHINA |
Gold | JSC Uralelectromed | RUSSIAN FEDERATION |
Gold | Korea Metal Co. Ltd | KOREA, REPUBLIC OF |
Gold | Kyrgyzaltyn JSC | KYRGYZSTAN |
Gold | Lingbao Jinyuan Tonghui Refinery Co. Ltd. | CHINA |
Gold | Luoyang Zijin Yinhui Metal Smelt Co Ltd | CHINA |
Gold | Moscow Special Alloys Processing Plant | RUSSIAN FEDERATION |
Gold | Navoi Mining and Metallurgical Combinat | UZBEKISTAN |
Gold | OJSC Kolyma Refinery | RUSSIAN FEDERATION |
Gold | Prioksky Plant of Non-Ferrous Metals | RUSSIAN FEDERATION |
Gold | SAMWON METALS Corp. | KOREA, REPUBLIC OF |
Gold | So Accurate Group, Inc. | UNITED STATES |
Gold | The Great Wall Gold and Silver Refinery of China | CHINA |
Gold | Tongling nonferrous Metals Group Co.,Ltd | CHINA |
Gold | Torecom | KOREA, REPUBLIC OF |
Gold | Xstrata Canada Corporation | CANADA |
Gold | Yunnan Copper Industry Co Ltd | CHINA |
Gold | Zhaojin Group&Gold Mineral China Co., Ltd. | CHINA |
Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CHINA |
Gold | Zijin Mining Group Co. Ltd | CHINA |
Tantalum | Changsha South Tantalum Niobium Co., Ltd. | CHINA |
Tantalum | Global Advanced Metals Aizu | JAPAN |
Tantalum | Global Advanced Metals Boyertown | UNITED STATES |
Tantalum | Guangdong Zhiyuan New Material Co., Ltd. | CHINA |
Tantalum | H.C. Starck GmbH | GERMANY |
Tantalum | H.C. Starck GmbH | GERMANY |
Tantalum | H.C. Starck GmbH Goslar | GERMANY |
Tantalum | H.C. Starck Hermsdorf GmbH | GERMANY |
Tantalum | H.C. Starck Ltd. | JAPAN |
Tantalum | H.C. Starck Smelting GmbH & Co.KG | GERMANY |
Tantalum | HC Starck | Germany |
Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | CHINA |
Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | CHINA |
Tantalum | KEMET Blue Metals | MEXICO |
Tantalum | LSM Brasil S.A. | BRAZIL |
Tantalum | Mineração Taboca S.A. | BRAZIL |
Tantalum | Molycorp Silmet A.S. | ESTONIA |
Tantalum | Nippon Mining & Metals | JAPAN |
Tantalum | Plansee SE Liezen | AUSTRIA |
Tantalum | Plansee SE Reutte | AUSTRIA |
Tantalum | Shanghai Jiangxi Metals Co. Ltd | CHINA |
Tantalum | Solikamsk Magnesium Works OAO | RUSSIAN FEDERATION |
Tantalum | Tantalite Resources | SOUTH AFRICA |
Tantalum | Yichun Jin Yang Rare Metal Co., Ltd | CHINA |
Tantalum | Zhuzhou Cement Carbide | CHINA |
Tin | CNMC (Guangxi) PGMA Co. Ltd. | CHINA |
Tin | CV Makmur Jaya | INDONESIA |
Tin | Estanho de Rondônia S.A. | BRAZIL |
Tin | Gejiu Zi-Li | CHINA |
Tin | Huichang Jinshunda Tin Co. Ltd | CHINA |
Tin | Jiangxi Nanshan | CHINA |
Tin | Kai Unita Trade Limited Liability Company | CHINA |
Tin | KOBA | INDONESIA |
Tin | Linwu Xianggui Smelter Co | CHINA |
Tin | Minmetals Ganzhou Tin Co. Ltd. | CHINA |
Tin | Novosibirsk Integrated Tin Works | RUSSIAN FEDERATION |
Tin | PT Bangka Kudai Tin | INDONESIA |
Tin | PT Bangka Timah Utama Sejahtera | INDONESIA |
Tin | PT HP Metals Indonesia | INDONESIA |
Tin | PT Koba Tin | INDONESIA |
Tin | PT Pelat Timah Nusantara Tbk | INDONESIA |
Tin | PT Stanindo Inti Perkasa | INDONESIA |
Tin | PT Yinchendo Mining Industry | INDONESIA |
Tungsten | Ganzhou Grand Sea W & Mo Group Co Ltd | CHINA |
Tungsten | Ganzhou sinda W&Mo Co.,Ltd | CHINA |
Tungsten | Hunan Chun-Chang Nonferrouse Smelting & Concentrating Co Ltd | CHINA |
Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. | CHINA |
Tungsten | Nanchang Cemented Carbide Limited Liability Company | CHINA |
* All smelters/refiners on this list have not been identified by CFSI as conflict free. |