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USA: Conflict minerals compliance efforts increase with upcoming Dodd Frank reporting deadline
Author: Source Intelligence, Published on: 16 January 2015
"Companies Ready? Increased Scrutiny in Conflict Minerals Reporting", 8 January 2015
With only 5 months away until the next conflict minerals reporting deadline, companies are mobilizing to address conflict minerals in their supply chains. Reporting year 2015 will mark the first year companies that are subject to Section 1502 of the Dodd Frank Act will no longer be able to file "undeterminable" in their reports...The verification of supplier-provided information is an ongoing effort for conflict minerals due diligence. Thousands attended Source Intelligence's (SI) Smelter Verification webinar...and are now utilizing SI's...program to complete their reporting efforts...SI released...[a] white paper...includ[ing] industry leading knowledge on implementing a manageable solution that maintains a stream of quality smelter information...Conflict Minerals compliance efforts have increased as companies realize the strategic benefits of having a transparent supply chain...Additionally, the U.S. Dodd Frank conflict minerals regulation has initiated increased support from human rights groups and NGOs.