CONFLICT MINERALS: ARE COMPANIES SOURCING FROM CONFLICT-FREE REFINERS & SMELTERS?

An opinion piece from The Sentry on 25 March says that independent audits on conflict minerals have been around for a decade, but asks if companies actually using them in their supply chain decisions?  According to new research by The Sentry, a majority of the largest electronics, jewellery, and automotive companies are still not requiring suppliers to source from conflict-free refiners and smelters – despite legal requirements to monitor supply chains.  It is said that the number of companies sourcing only from conflict-free refiners and smelters has increased, which is encouraging, although they are still a small minority, but the majority of the largest companies in each sector still do not require their suppliers to source from conflict-free refiners and smelters.  It also notes that many companies continue to list smelters and refiners that have failed or have not undergone credible, independent conflict minerals audits in their supply chains.  It suggests what consumers should look for from companies in the new 2021 SEC filings?

https://thesentry.org/2021/05/25/6004/op-ed-conflict-minerals-companies-sourcing-conflict-free-refiners-smelters/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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