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Article

30 May 2013

Author:
Boston Common Asset Management

Investors Support Conflict Minerals Rule

Investors representing $458.67 billion of assets under management released a statement...expressing their support for the "Conflict Minerals" final rule, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act...The statement expresses disagreement from 56 sustainable, socially responsible, and faith-based investment groups to the lawsuit filed by the U.S. Chamber of Commerce, the National Association of Manufacturers, and the Business Roundtable. These investors commend the SEC commissioners and staff for appropriately considering the costs and benefits involved with its implementation before finalizing and passing this rule...The statement outlines the importance of protecting investors through improved public disclosure and reporting on social risk factors such as abusive labor practices and human rights impacts.