Demands for conict minerals reporting on the global supply chain are increasing.
In addition to existing US legislation and customer requirements, legislation in Europe and China is pending. At the 2016 AIAG Conflict Minerals Industry Briefing V, you will gain insights from thought leaders, OEMs and suppliers that will affect your company in the year ahead. This three-hour event will provide you an update on industry strategies and best practices, IPSA Audits and Smelter Engagement Activities.
Since the inception of the Dodd Frank Act in 2012, the situation in the Democratic Republic of Congo has been messy. Dodd Frank section 1502 requires companies to identify whether the minerals tin, tungsten, tantalum and gold (3TG) in their supply chain originate from the Democratic Republic of Congo (DRC). Unless the 3TG comes from a certified mine of origin, DRC sourced minerals are considered to be “conflict minerals”.
Conflict minerals due diligence is top of mind for companies subject to Dodd-Frank 1502 and their downstream supply chain as the May 31st reporting deadline is quickly approaching. Those tasked with performing Conflict Minerals (3TG) due diligence - collecting supplier data- must now compile, review and quality control their data before developing a comprehensive report for either their company website or the SEC.
A mandatory certification process for Conflict Minerals in the European Union is critical. Any voluntary certification that is put in place leads to a grey area for compliance reporting, and the regulation will not serve its purpose.
Track #2 - Technical: Strategic Approaches and Resources for Integrating Sustainability
In this session, you’ll hear about AIAG Greenhouse Gas (GHG) workgroup activities to help automotive companies with carbon reporting and reduction. Speakers from supplier and government agencies will share their perspectives on the value of practical GHG reductions in logistics.
Today we share with you an interview with Michael Littenberg, leading conflict minerals and supply chain compliance lawyer and now Partner at Ropes & Gray. As part of his practice, for more than 25 years, Michael has been active in advising public and private companies on supply chain matters, including relating to conflict minerals and other commodities and human trafficking, and is widely recognized as one of the leading authorities in this area.
Since its implementation, the Dodd Frank Act Section 1502 (Conflict Minerals) has had a widespread effect in the United States. From the Securities and Exchange Commission, to NGO’s, to both private and publically held companies, and all the way to the self-educated consumer, everyone is involved in the discussion.
Is This The Collaborative Approach That We've Been Waiting For?
The trialogue negotiations taking place between the EU Commission, EU Council, and EU Parliament have proved to be challenging. However, there has been one promising development concerning the “Dutch Approach.” The European Public-Private-Partnership (PPP) for Responsible Sourcing of Materials (Derived by the Dutch, who holds the EU Council Presidency position until June, 2016) is a recent development that has been gaining some traction.
Trialogue negotiations have begun. The EU Conflict Minerals regulation is now on the radar of many companies and questions are being asked. What are some best practices companies can follow for supplier engagement? How do companies effectively perform quality Due Diligence? How do companies properly report our compliance efforts? And most importantly, which companies will be affected?