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Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Will Corporate Responsibility Continue Under Trump

Will Corporate Responsibility Continue Under Trump | Sustainable Procurement News | Scoop.it
Sept. 12, 2012, saw the unveiling of three radical new designs with world-changing potential: the iPhone 5 and the Dodd-Frank Act's rules on human rights.
Although the Dodd-Frank Wall Street Reform and Consumer Protection Act is best known for regulating banks, Congress slipped in two novel sections that use informational regulation to deter U.S. companies from fueling war and corruption overseas. Section 1502 forces certain industries (including phone makers and retailers) to identify Congolese conflict minerals in their supply chain. Section 1504 forces oil, gas and mining firms to publicly report the payments they make to dodgy governments around the world.
Like the iPhone 5, both rules encountered early glitches, then fulfilled their innovative potential before being surpassed by improved versions.
EcoVadis's insight:

Can international transparency survive a period of national opacity?

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Conflict Minerals Requirements and Government Contracts 

Conflict Minerals Requirements and Government Contracts  | Sustainable Procurement News | Scoop.it
When it comes to conflict minerals and federal reporting requirements, suppliers and their customers are increasingly recognizing that the breadth and scope of their compliance efforts extend far beyond simply meeting the terms of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Much of the conflict minerals compliance focus has been on U.S. publicly traded companies in meeting the requirements imposed by the Securities and Exchange Commission. However, thousands of more companies that are not subject to SEC rules are, in fact, facing possibly greater federal scrutiny related to the conflict minerals issue.
EcoVadis's insight:

Companies, even if they are not a publicly traded company, need to follow the same SEC rule for conflict minerals disclosure. Small or large companies that are providing services to the federal government need to source responsibly; are you engaging your company to follow those rules?

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How to Comply With New Human Rights Rules

How to Comply With New Human Rights Rules | Sustainable Procurement News | Scoop.it

Many companies are lagging in their efforts to achieve compliance with a spate of new laws and regulations worldwide for reporting on the used of forced labor within their supply chains, according to a report by Deloitte.
Driving the sluggishness in some measure is a lack of guidance from regulators and governments on how to comply — far different from the scenario when the SEC’s rules on conflict minerals, written to satisfy a provision of the Dodd-Frank Act, took effect in 2011.

EcoVadis's insight:

How are you dealing with these new laws and regulations aimed at identifying cases of human trafficking within your supply chain?

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Conflict Minerals Filings and the Automotive Industry

Based on discussions held at the briefing, it was apparent that regardless of any potential conflict minerals regulatory (Dodd-Frank 1502) changes, the need for supply chain transparency is not going away. However, this desire for improved corporate social responsibility will not come without challenges. As new regulations emerge around the globe – including conflict minerals reporting in the European Union, and consumer and investor demands grow louder, the temptation increases for some within the vast supply chain to hide or manipulate information. So, compliance work is quickly becoming a part of comprehensive ethical sourcing programs.
EcoVadis's insight:

Supply chain transparency is progressing at a rapid pace same as government regulations; are you ensuring transparency in your supply chain?

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