In August 2012, the Securities and Exchange Commission (SEC) issued a final rule on Section 1502 of the U.S. Dodd-Frank Wall Street Reform Act of 2010. The rule states that publically traded companies that report to the SEC must disclose if they use conflict minerals in their manufacturing supply chain. The first reporting year is 2013, and the first report is due in May 2014. Conflict minerals are used to produce tantalum, tin, tungsten, and gold (3TG). The relevant mining areas are the Democratic Republic of the Congo and adjacent countries. Purchasing from these areas of heavily armed conflict funds the militia and furthers human rights abuses, and creates significant risks of supply chain interruption.
This ruling directly affects publically traded companies that are required to report. Suppliers to publically traded companies, even if they are private, are also affected because they will be receiving inquiries from their customers.
CAPACCIO’s conflict minerals team is ready to assist in addressing your organization’s conflict minerals challenges and opportunities. Whether you are just beginning to understand how this ruling will affect your organization, or if you already have programs in place, our engineers and scientists will provide expertise in environmental regulations as well as a working knowledge of the day-to-day operations of the electronics, manufacturing, semiconductor, pc board, surface mount and chip/wire industries. This in-depth knowledge helps to provide a solid understanding in assisting your company with conflict minerals compliance and associated reporting.
CAPACCIO's conflict minerals compliance services include:
- Applicability Assessments
- Systems / Solutions
- Implementation and Reporting
- Sustainability / Corporate Social Responsibility Reporting
- Related services such as product compliance (WEEE, RoHS, REACH) and sustainability services including Carbon Disclosure Project Reporting
- Ensure compliance with Section 1502 of Dodd-Frank
- Lower overall business risk
- Improve financial perforance
- Meet requirements of key customers
- Respond to customers inquiries consistently and efficiently
- Be prepared for customer audits
- Maintain and gain market share
- Attain a competitive advantage
- Reduce risk of supply chain interruption
- Improve transparency and ensure your social 'license to operate'
- Realize improvements to systems, processes and practices
- Reduce the use of your internal resources and time needed to ensure compliance