Conflict minerals should play a role in your holiday shopping decisions
This holiday season when all the little girls and boys are filling out their lists with an upgrade to their gaming systems, there really are only two choices, the Sony Playstation 4 and the Microsoft Xbox One.
New report shows that gold is the most sought after mineral in the Eastern Congo
In a new report, the International Peace Information Service (IPIS) has reported that out of the 800 mines in the Democratic Republic of Congo (DRC), 200 are involved with armed groups and 265 are involved with the army. Both of which impose illegal taxes on miners. Many of these mines are gold producing, which are targeted by the armed groups because of the hike in price of gold and the ease of smuggling gold.
Given the success of US Dodd–Frank Wall Street Reform and Consumer Protection Act, the EU was expected to follow suite and craft their own conflict minerals reporting law. But it seems that an impact assessment and proposal are taking longer than expected to come before the college of EU commissioners, and now it looks like it will not happen until the spring. The fear now is that if a law is not drafted before the european election in May, it may never happen because of the changing of the guard.
A recent survey by PWC found that nearly two-thirds of companies have not yet started due diligence requirements outlined in Section 1502 of the Dodd-Frank Act. Of the 900 executives surveyed, one third said they are still trying to determine if the ruling applies to them. With the first reporting deadline fast approaching, businesses are running out of time to complete the complicated steps of product filtering, RCOI, due diligence, data assessment and assurance, and reporting.
Global Brands and OEM's now realize that Conflict Minerals Compliance is an end-to-end Supply Chain maze that can translate into loss of business. The exposure they face from the complexities of Conflict Minerals Compliance implementation increases pressure to eliminate risk.
Learn from programs in motion how to tackle the complexity that comes along with Conflict Minerals Compliance, sourcing due diligence, reporting requirements and potential auditing.
Within the last month, the Conflict Minerals 'clock' has gone from a mild tick to a loud thunder in the ears of Global Brands. Source Intelligence has received unrivaled amounts of Request For Proposals (RFP) indicating mass awareness of the importance to comply.
On April 22 each year Source Intelligence celebrates the modern environmental movement, known as Earth Day. From its roots in the 1970’s anti-war movement and propelled forward by the rapidly increasing public consciousness, Earth Day has made invaluable impacts on the state of the sustainability on our planet.