ALEXANDRIA, Va., December 12, 2018 /3BL Media/ – The Responsible Minerals Initiative (RMI), a coalition of leading companies dedicated to improving the security and human rights conditions in their mineral supply chains, today announced voluntary guidelines to drive the common adoption of definitions and concepts in the application of blockchain-enabled solutions.
Program Can Help Companies Streamline Audits and Comply with EU Directive on Conflict Minerals
ALEXANDRIA, Va., November 30, 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 its Downstream Audit is now available to companies within the tin, tantalum, tungsten and gold (3TG) supply chains that are downstream of smelters and refiners and are not eligible to participate in the Conflict-Free Smelter Program (CFSP).
Approximately 1,200 publicly traded companies filed Conflict Minerals Reports with the SEC this year, in accordance with Dodd-Frank Section 1502 (Conflict Minerals Rule).
Source Intelligence has analyzed data collected from the 2015 filings, and mined meaningful insights for companies to utilize for the 2016 reporting year. Key findings demonstrate differences and similarities between industries, trends from past reporting years, and new findings from 2015.
On Wednesday, June 15th, The European Union (EU) agreed to outline a deal to facilitate a focus on transparency in the supply chain. This legislation concerns the sourcing of conflict minerals, not just in the Democratic Republic of the Congo, but from high-risk regions, worldwide.
"We need to step up to our responsibilities and finally break the vicious cycle of the trade in minerals and the financing of conflict," - EU Trade Commissioner Cecilia Malmstrom
The EU is one of the world’s largest trading bodies, accounting for 16.5% of the world's imports and exports. The EU has become a centralized market for products that contain conflict minerals. Conflict minerals are key components of products like jewelry, cars, phones, laptops and medical devices.
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.
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.
Gain insights on the factors affecting your customer's conflict minerals requests
Join AIAG on Tuesday, August 4, 2015 to gain insights on the factors affecting your customer’s conflict minerals requests. You will hear from GM, Toyota, Ford, Honda, and FCA, suppliers and a leading NGO on key conflict minerals issues.
This three-hour event will provide a greater understanding of the situations that drive the industry’s approaches for conducting conflict minerals reporting requirements.