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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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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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