SEC Conflict Minerals Ruling: Ensuring Compliance and Meeting Customer Demands
Wilk, Lisa*; Muszalski , Julie
(Capaccio Environmental Enginnering Inc, Marlborough, MA)
Are your customers sending surveys inquiring about your supply chain? Do you have a plan on how you will report to the U.S. Securities and Exchange Commission (SEC) on May 14, 2014 regarding the source and chain of custody of conflict minerals? Have you incorporated conflict minerals reporting into your sustainability management system or corporate social responsibility program? In August 2012, the SEC adopted a ruling mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act that requires publically-traded companies to disclose their use of conflict minerals originating from the Democratic Republic of the Congo (DRC) or an adjoining country. Conflict minerals, including tantalum, tin, tungsten, and gold, are largely found in electronic and semiconductor components. Conducting due diligence and tracing the use of conflict minerals to comply with the ruling can be a substantial undertaking requiring dedicated time, resources, and expertise. This presentation will provide an overview of requirements, and identify systems and solutions for streamlining the reporting process. Additionally, the discussion will offer effective approaches to incorporate conflict mineral reporting into sustainability management systems and reporting, helping your organization achieve a competitive advantage and improve transparency.