Transparency is the key to complete traceability in supply chain. When transparency increases, companies have better insights into where their products are coming from and how they’ve been made. Data is the key in supplier networks that provides greater data accuracy, clarity, and insights, leading to more contextual intelligence shared across supply chains.
The Responsible Sourcing Network recently published their Mining the Disclosures 2015, which took an in-depth look at conflict minerals SEC filings. The report assessed companies processes when tracing their supply chains back to where their minerals were sourced from in an effort to ensure they were conflict-free.
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"Blood-free" minerals scheme must be binding, EU lawmakers say
Reuters. European importers of minerals from conflict zones should be forced to certify their goods "blood-free", an influential group of EU lawmakers said on Tuesday, seeking to toughen a proposal to prevent the financing of warlords in Africa.
The Conflict Free Sourcing Initiative (CFSI) has recently released a 2015 white paper of “Five Practical Steps to Support SEC Conflict Minerals Disclosure.” The best practices guide is more specifically targeted towards “Downstream Companies.” While the complexity of tracing conflict minerals can pose many challenges for companies trying to increase visibility in their supply chain, issuers and non-issuers can gain a better understanding of their
Via the OECD Insight series, Tyler Gillard and Roel Nieuwenkamp paradoxically write about the challenges of having only “conflict-free” minerals in supply chains and also the strong (and immediate) need for responsible mineral supply chains.
February 20, 2015 /3BL Media/ - Where do we start? Many companies are currently asking themselves this question when it comes to complying with the U.S. regulation on conflict minerals. For companies that manufacture thousands of products—such as retailers with name brands—the requirement to publicly disclose the origin of gold, tin, tantalum and tungsten (3TG) used in these products is especially challenging. The prospect of surveying and requesting data from every tier 1 supplier is daunting and inefficient.
Manufacturing, Electronics, and Oil and Gas industries, use the four conflict minerals tin, tantalum, tungsten, and gold—better known as 3TG—in a wide variety of their products. One of the most common questions asked about conflict minerals is, what are tin, tantalum, tungsten and gold, used for on a daily basis, and how are they transferred throughout the supply chain from mine, to smelter, to consumer goods.
How the Conflict Minerals Regulation Benefits Congolese Miners
The Enough Project's U.S. and Congo-based groups visited mining communities in eastern Congo to "get an updated assessment on conflict minerals," last month. With the information they gathered, Think Progress recently published “9 Things You Need To Know About Conflict Minerals,” to provide a better understanding of the issues and the severity of the armed conflict in eastern Congo. In particular, Think Progress highlights the positive effects of conflict minerals reforms on reducing the power of armed groups in eastern Congo: