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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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HP News - HP Releases List of Supply Chain Smelters

HP News - HP Releases List of Supply Chain Smelters | Sustainable Procurement News | Scoop.it

HP published a list of the 195 smelters that have been identified within its supply chain. This move underscores HP’s leadership toward achieving a conflict-free supply chain by encouraging suppliers to become conflict-free smelter (CFS) certified and urging the entire industry to move toward greater utilization of conflict-free smelters and refiners.

EcoVadis's insight:

Some outstanding transparency efforts from a major OEM towards increased supply chain disclosure....


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Important developments in conflict minerals regulation - iTSCi

Important developments in conflict minerals regulation - iTSCi | Sustainable Procurement News | Scoop.it

In recent days, activity proposing regulation of conflict minerals trade in both the EU and Canada has been launched. Firstly, the EU has begun a consultation period running up to 26 June 2013 on a possible initiative on responsible sourcing of minerals originating from conflict-affected and high-risk areas....

EcoVadis's insight:

An interesting release from iTSCi which sums up important ongoing legislations underway in the U.E. and in Canada...


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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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European Union Considers Implementing Conflict Minerals Regulation

European Union Considers Implementing Conflict Minerals Regulation | Sustainable Procurement News | Scoop.it
The European Union (EU) will begin discussions on whether to develop a conflict minerals-type regulation during a December 5, 2012 internal workshop. DG Trade is leading this effort and has request input from industry, academia, and non-governmental organizations (NGOs)....
EcoVadis's insight:

As a ripple effect of the Conflict Minerals Act of 2009 passed in the U.S., possible regulations are likely to have significant impacts for European companies in terms of supply chain disclosure and accountability, due-diligence mechanisms.

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SEC Hints At Possible Clarification Of Conflict Minerals -

SEC Hints At Possible Clarification Of Conflict Minerals - | Sustainable Procurement News | Scoop.it

As discussed in a previous post, the SEC's final Conflict Minerals rule, adopted in August 2012 to implement Section 1502 of the Dodd-Frank Act, has a number of undefined terms and ambiguous provisions that require difficult interpretations of the rule's applicability.  One example is whether the critical term "product" includes packaging.

EcoVadis's insight:

The Conflict Minerals rule still contains some shadow areas and further guidance is needed to cope with this highly complex issue. When?

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IHS Survey Reveals More than One-Third of Companies Completely Unprepared for US Conflict-Minerals Rules | IHS Online Pressroom

IHS Survey Reveals More than One-Third of Companies Completely Unprepared for US Conflict-Minerals Rules | IHS Online Pressroom | Sustainable Procurement News | Scoop.it

With time running out until U.S. component manufacturers are legally required to disclose their usage of conflict minerals to the federal government, many companies are woefully unprepared for the new regulations, with more than one-third of firms indicating they haven’t even commenced compliance planning, according to a survey from information and analytics provider IHS (NYSE: IHS).

EcoVadis's insight:

Complying with the requiements of Section 1502 of the Dodd Frank Act implies a range of profound organizational changes with respect to supply chain management. As the survey shows, many companies feel ill-prepared to adopt internal measures  to cope with the reporting requirements by by May 2014...

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Implementation of Conflict-Free Gold Standard is under way

Implementation of Conflict-Free Gold Standard is under way | Sustainable Procurement News | Scoop.it
Global gold authority and industry body the World Gold Council (WGC) is pleased with the industry’s reception of its Conflict-Free Gold Standard (CFGS), which has been welcomed by various stakeholders – including WGC member companies...
EcoVadis's insight:

We know the Conflict-free Gold Standard was released by the World Gold Council in October 2012. Of interest here is the current development of third party audit schemes and external-assurance services to ensure conformance with the standards in 2013.

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Apple Makes New Pledges on Conflict Minerals, Should Begin Clean Congo Sourcing Program | RAISE Hope for Congo

Apple Makes New Pledges on Conflict Minerals, Should Begin Clean Congo Sourcing Program | RAISE Hope for Congo | Sustainable Procurement News | Scoop.it

Tech giant Apple has come a long way on conflict minerals. In 2010, they were one of the worst consumer electronics companies in their response to this serious problem, and Enough Project, Campus Progress, and A Thousand Sisters protested the opening of their store in Georgetown, Washington, D.C. But Apple has started to turn the corner on conflict minerals with some substantial steps.


EcoVadis's insight:

Apple recently joined the Public Private Alliance on Responsible Minerals Trade.  With such large players entering the game,  conflict minerals due diligence is gaining momentum. Of particular interest is Apple's transparency effort and policy to require its supplier to source from certified smelters. Ongoing monitoring is recommended!

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