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Global investors urge EU to adopt stronger conflict minerals rules
Author: Responsible Sourcing Network, Published on: 22 October 2014
¨Group of Investors Urge European Union to Adopt Stronger Conflict Minerals Legislation¨, 21 Oct 2014
Yesterday, global sustainable and responsible investors and investment organisations representing more than €855 billion in assets under management sent a joint statement to the European Commission, the European Parliament, and the European Council. The statement urges EU policy makers to ensure more compatibility between the proposed EU conflict minerals regulation and Section 1502 of the US Wall Street Reform and Consumer Protection Act (known informally as “Dodd-Frank Section 1502”), which aims to prevent mineral sourcing revenues from fuelling the armed conflict in the Democratic Republic of Congo (DRC). The statement was initiated by a working group composed of Boston Common Asset Management, Calvert Investments, Eurosif, Responsible Sourcing Network, Trillium Asset Management, Triodos Investment Management, and US SIF: The Forum for Sustainable and Responsible Investment and has been signed by other organisations.