SOMO calls for European Commission to adopt legally binding rules on conflict minerals based on an analysis of European companies' current due diligence efforts
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This briefing paper provides an overview of the due diligence efforts of 186 companies that are listed in Europe and make use of the minerals covered by Dodd Frank 1502. The information they make publicly available regarding their approach to the issue of ‘conflict minerals’ is assessed. Those companies that have a dual listing in the US – and are therefore required to comply with Dodd Frank 1502 – are compared with those companies who are only listed in Europe. This briefing paper also looks more in-depth into the specifics of the due diligence efforts of those companies that refer to conflict minerals on their website.
The major conclusions of this paper include: Only a small percentage of EU-listed companies are directly affected by Dodd Frank 1502 and are therefore required to publicly disclose their use of conflict minerals. The large majority of companies that are not required to comply with Dodd Frank 1502 do not conduct due diligence on conflict minerals. There are several sectors that use conflict minerals but in which very few European companies are undertaking due diligence efforts. Of the companies addressing the issue of conflict minerals, only very few are actively sourcing non-conflict minerals from the Great Lakes region. Public scrutiny serves as a driver for more ambitious approaches by companies. [Refers to Aixtron, Alcatel-Lucent, AMS, ARM Holdings, ASM International, ASML, BAE Systems, Barco Electronic, BT Group, CSR, Daimler, Deutsche Telekom, Dialog Semiconductors, Ericsson, France Telecom, Fuarecia, Finnveden bulten, Infineon Technology, Koninklijke Philips, KPN, Logitech, Nokia, Pace, Portugal Telecom, Rolls-Royce, SAP, Schneider Electric, Siemens, Smartrac, Smith & Nephew, STMicroelectronics, TELE2, Telecom Italia, Telefonica, Teliasonera, Valeo, Vodafone, Wincor Nixdorf, Wolfson]
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- Related companies: Alcatel-Lucent (part of Nokia) Arm Holdings BAE Systems Daimler Deutsche Telekom Ericsson France Telecom (now Orange) KPN Nokia Portugal Telecom Rolls-Royce plc SAP Schneider Electric Siemens Telecom Italia Telefónica TeliaSonera Valeo Vodafone