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Responsible Sourcing Network - Blog

Responsible Sourcing Network - Blog | Sustainable Procurement News | Scoop.it

More than 50 sustainable, socially responsible, and faith-based investment groups representing $458.67 billion in assets under management released a statement today expressing their support for the SEC’s final rule for Conflict Mineral Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

EcoVadis's insight:

Last October, U.S. business group led by the National Association of Manufacturers launched a lawsuit against the S.E.C. complaining the conflict mineral law is costly to administer and ineffective. This week, investors managing $458.67 billion worth in assets responded to the lawsuit.

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Many Industry Sectors Unprepared for Conflict Minerals Rule

Many Industry Sectors Unprepared for Conflict Minerals Rule | Sustainable Procurement News | Scoop.it

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.

EcoVadis's insight:

This article from Social Funds highlights discrepancies between sectors in implementing due diligence mechanims on conflict minerals. While ICT companies are frontrunners, laggards include companies from the Automotive, Aerospace & Defence & jewelry. RSN January 2013 report can be found here.

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