Kemet, Intel, Apple, HP Sets Best Example For Conflict Minerals
Of the companies filing form SD and Conflict Mineral reports with the SEC this past Monday, a few raised the bar. Only a handful of these companies could declare “DRC Conflict Free” or “Portion DRC Conflict Free”. Even fewer, including Intel Corporation (INTC) and KEMET Corp. (KEM), conducted an Independent Private Sector Audit (IPSA) and named their auditor in the report. Apple and Hewlett-Packard also set positive examples, publishing full lists of suppliers and smelters, respectively. However, the vast majority of companies chose to file indeterminable.
Source Intelligence gives companies the method to ensure their filings will be successful when filing indeterminable will no longer be an option. It provides an affordable platform coupled with the deepest research into sourcing through a multi-lingual supplier engagement team, which monitors supplier risk 24 hours a day - every day of the year. The unprecedented efforts of this team and the Source Intelligence quality assurance systems result in the majority of filers naming Source Intelligence in their filings reporting supplier completion rates in the 80th -90th percentiles.
The Dodd-Frank Wall Street Reform and Consumer Protection Act SEC 1502, is mandated by the federal government to provide transparency into corporate practices and reduce funding for armed groups involved in human rights violations in the Democratic Republic of the Congo and surrounding countries. Therefore, public companies must quickly gain the necessary knowledge of their supply chain and learn filing policies and procedures.
Source Intelligence is the leading provider of Conflict Minerals compliance programs, helping over 100 global brands demonstrate compliance.
To learn more, request a demo of the platform here.