Wake up daily to our latest coverage of business done better, directly in your inbox.
Get your weekly dose of analysis on rising corporate activism.
The best of solutions journalism in the sustainability space, published monthly.
Select Newsletter
By signing up you agree to our privacy policy. You can opt out anytime.
The US Securities & Exchange Commission (SEC) has voted to adopt regulations on conflict minerals, as required by Section 1502 of the Dodd-Frank Wall Street Reform & Consumer Protection Act, which was signed into law last year.
After some delay, hundreds of companies will now have to exercise due diligence with regards to their use of conflict minerals – such as tin, tantalum, tungsten and gold –extracted from the Democratic Republic of the Congo (DRC) and any of nine neighbouring countries.
Around 6,000 companies which have used minerals that are not DRC conflict free are now required to produce a conflict minerals report by 31 May 2014. This must include a description of the products.
Senior government affairs manager of NGO Enough Project Darren Fenwick said: “While the rule is not perfect, it moves the conversation forward.
“The rule gets companies that use conflict minerals to report, and gives actors that care about this issue and want to invest in Congo – like Intel, Motorola, Kemet and HP – the terms by which to operate.”
TriplePundit has published articles from over 1000 contributors. If you'd like to be a guest author, please get in touch!
