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Many Industry Sectors Unprepared for Conflict Minerals Rule [USA]
Author: Robert Kropp, Social Funds [USA], Published on: 1 February 2013
A report from the Responsible Sourcing Network finds that leading companies in the information and communications industry have undertaken initiatives to ensure that their supply chains are free of conflict minerals, but few other industry sectors have done so...[In] the automotive industry...only Ford has taken significant steps to address conflict minerals thus far...[The] "...aerospace/defense...food packaging, medical device, retail, apparel and footwear, tooling, and toy industries have made little or no progress"...The report recommends that companies go beyond merely reporting to the SEC and implement supply chain traceability as well as engage with key stakeholders, which, the report argues...[is]...[t]he only way to ensure that supply chains are 100% free of conflict minerals is by ending the conflict in the DRC...The Network also recommends that investors sign onto an Investor Statement, whose current signatories manage a total of almost $200 billion in assets.
Related companies: Ford