Companies that determine smelters of high concern exist or may exist in their supply chain can take action and still stay Dodd-Frank 1502 compliant by following these risk mitigation guidelines:
Over the past three years, many companies have taken a proactive approach to mitigating the risks of unethical sourcing practices in their supply chains, like sourcing minerals from war-torn areas of the Congo (conflict minerals). However, many of these supply chain sourcing approaches that were effective in the past may not produce the same results; and, outdated supply chain data sharing practices may actually hinder ethical sourcing progress.
In 1998, the United Nations voted to ban the purchase of blood diamonds from Angola. Since then, the public has become increasingly aware about raw materials whose sale fuels civil conflict, and has shifted focus to other mineral extractions that may be used to fund wars and armed conflict in other African countries and other nations. Today, “conflict minerals” encompasses four key raw materials (tin, tantalum, tungsten and gold) that are extensively used in all sorts of products – from mobile phones, computers, electronics, automobiles and more.
CARLSBAD, Calif., December 8, 2016 /3BL Media/ -- One of the most important efforts to trace whether conflict minerals are entering global supply chains is the Conflict Minerals Reporting Template (CMRT) developed by the Conflict-Free Sourcing Initiative (CFSI).
In a recent decision, the European Union reported it reached an agreement concerning how it will regulate conflict minerals. The new guidelines set forth will require that companies who are involved in the importing of tin, tungsten, tantalum and gold (3TG)) perform their due diligence to ensure that the minerals they purchase are not from conflict/high-risk sources.
Source Intelligence, the first vendor member of the Conflict-Free Sourcing Initiative (CFSI), is quickly working with the organization to further enhance and expand solutions for global businesses concerned about removing all known and potential conflict minerals in their supply chains.
Industry, Civil Society and Government Representatives to Convene November 9-10
ALEXANDRIA, Va., Octiber 13, 2016 /3BL Media/ – The Conflict-Free Sourcing Initiative (CFSI), a coalition of leading companies dedicated to improving the security and human rights conditions in their raw materials supply chains, today announced additional speakers for its annual conference in Santa Clara, California on November 9 and 10.
September 29, 2016 /3BL Media/ - The robust, scalable SaaS platform for supply chain management solutions earned Source Intelligence® “Company of the Year” honors in a 2016 international competition for information technology software.