Summary by Moomoo AI
McDonald's Corporation has filed a Specialized Disclosure Report (Form SD) with the United States Securities and Exchange Commission (SEC) for the reporting period from January 1 to December 31, 2023. The report, mandated under Rule 13p-1 of the Securities Exchange Act, addresses the company's use of certain minerals known as 3TGs—columbite-tantalite (coltan), cassiterite, gold, and wolframite, and their derivatives tantalum, tin, and tungsten. These minerals are considered 'conflict minerals' due to their potential to fund armed conflict in the Democratic Republic of the Congo or adjoining countries. McDonald's, which operates restaurants globally, offers Happy Meal toys and promotional items that contain 3TGs. However, the company has conducted due diligence with its suppliers and has found no evidence that the 3TGs used in their products originated from conflict regions or were not from recycled or scrap sources. The report, signed by Executive Vice President and Global Chief Legal Officer Desiree Ralls-Morrison on May 28, 2024, is also available on McDonald's corporate website.
