Responsible minerals sourcing any connection between the materials used in hp products and armed violence or human rights abuses is unacceptable. An independent study recently found 95 percent of corporate conflict mineral policies were not aligned with the organisation for economic cooperation and developments oecd due diligence guidance for responsible mineral supply chains. The regulation requires importers to follow a fivestep framework which the organisation for economic cooperation and development oecd has laid out in a document called due diligence guidance for responsible supply chains from conflictaffected and highrisk areas oecd guidance. This topic is also addressed in the oecd due diligence guidance for responsible chains of minerals from conflict affected and highrisk areas oecd due diligence guidance, as well as various national and international provisions, for example in the usa and in the european union. To ensure our products are made responsibly, we have adopted industryleading policies and monitoring practices and are broadening our vigilance beyond conflict minerals to a wider range of minerals. Quantifying the costs, benefits and risks of due diligence for responsible business conduct. Tucked away in the doddfrank wall street reform and consumer protection act of 2010 is a disclosure law targeting four raw materials that originate from the drc congo.
Senior subject matter expert, corporate social responsibility jared has personally led ontheground audits as part of intels industryleading conflict minerals program and is the cocreator of the conflict minerals reporting template with 12 years of leadership in human rights, antibribery and anticorruption, and environmental issues. Oecd due diligence guidance for responsible supply chains of. Due diligence guidance 5step framework corresponding article number in the eu conflict minerals regulation 1 establish strong company management systems 4 2 identify and assess risk in the supply chain 5 3. With the establishment of the conflict minerals provision of the doddfrank wall street reform and consumer protection act in the us in july 2010 and the declaration of the due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas by the oecd, companies that use these minerals for the. The oecd guidance provides a framework for detailed due. Hubbell has established a conflict minerals compliance program that is designed to follow the framework established by the oecd. The numbers of companies in the supply chain is based on the estimations by philips for the supply chain of conflict minerals 2019. Lg display also requires our suppliers to familiarize themselves with the conflict minerals rule and expects our suppliers to adhere to the conflict minerals rule and lgds conflict minerals policy to ensure alignment throughout their own supply chain. The conflict minerals rule requires that conflict minerals programs hew close to an internationally accepted framework. With the establishment of the conflict minerals provision of the doddfrank wall street reform and consumer protection act in the us in july 2010 and the declaration of the due diligence guidance for responsible supply chains of minerals from conflict affected and highrisk areas by the oecd, companies that use these minerals for the. Responsible supply chains of minerals from conflictaffected and highrisk areas oecd guidance.
Building a management framework in accordance with. This guidance is for use by any company potentially sourcing minerals or metals from conflict affected and highrisk areas. Oecd due diligence guidance for minerals 5step framework for upstream and. The oecd due diligence guidance provides detailed recommendations to help companies respect human rights and avoid contributing to conflict through their mineral purchasing decisions and practices. In politically unstable areas, the minerals trade can be used to finance armed. The organisation for economic cooperation and development oecd has created guidelines called due diligence guidance, which are the basis for the eus conflict minerals regulation. Practical guidance for downstream companies the conflictfree sourcing initiative. Conflict minerals reporting template issued by the rmi responsible minerals initiative. Approaches to responsible sourcing in mineral supply.
Conflict minerals regulation explained trade european. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas. Apr 21, 2020 with more than 380 member companies, the responsible minerals initiative is one of the most utilized and respected resources for companies from a range of industries addressing responsible mineral sourcing issues in their supply chains. On 1 january 2021 a new law will come into full force across the eu the conflict minerals regulation.
For reporting year 2015 as well, we conducted an evaluation of the sec compliance and oecd conformance of issuers conflict minerals disclosures. The final rule endorses the oecd due diligence guidance on responsible supply chains of minerals from conflictaffected and highrisk areas may 2011 as a nationally or internationally recognized due diligence framework for fulfilling doddfrank requirements of conflict mineral due diligence. Five practical steps to support sec conflict minerals disclosure. Download an infographic on the 5step framework for supply chains. The oecd ddg is a framework that has been developed to enable companies. Annex ii of oecd guidance commun icate policy t o suppliers and incorporate due diligence expectations into contracts establish traceability or chain of custody system over mineral supply chain adopt a pol y for espons ible m n al su ply chains model poli y in ann ex ii of oecd guidanc c mmuni cate poli y t supplie rs and. Disclose the use of conflict minerals in accordance with the conflict minerals final rule. Chains of minerals from conflictaffected and highrisk areas ddg.
A quick guide if youre involved in the trade in tin. Supply chains of minerals from conflictaffected and highrisk areas oecd. Siemens has actively supported and plans to further support the oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas as a pilotmember for the development of the respective due diligence processes which expressly recognizes a riskbased due diligence in the mineral supply chain. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas isbn 9789264111189 20 2011 06 1 p. Dodd frank act conflict minerals responsible jewellery. But, around the corner is another conflict minerals regime that could impact your business the eu conflict minerals regulation.
This supplement on gold forms an integral part of the oecd due diligence guidance for minerals from conflictaffected and highrisk areas. Supply chain policy thailand smelting and refining co. The need for a risk management plan is engrained into the entire framework by the oecd, says michael. The responsible minerals initiative rmi, formerly the conflictfree sourcing initiative cfsi, a coalition of leading companies dedicated to improving the security and human rights conditions in their minerals supply chains, today announced new tools to enable responsible sourcing. Build a company conflict minerals program framework.
Ibms due diligence measures for conflict minerals conform to the framework set forth in the organisation for economic cooperation and development oecd due diligence guidance for responsible supply chain of minerals from conflictaffected and highrisk areas. Danaher corporation conflict minerals report for the. Ncp activities from 2000 to 2015 download the key findings from this report. This guidance provides a framework for detailed due diligence as a basis. The template facilitates the collection, analysis, communication, and reporting of critical anti. We have implemented the fivestep framework described in the. Download 2018 conflict minerals report download the. Reasonable practices to identify sources of conflict minerals. So far, the oecd guidance is the only such framework around, and is the core of nearly all industryspecific guidance. The oecd guidelines for multinational enterprises are governmentbacked recommendations on responsible business conduct to encourage sustainable development and enduring social progress. Thaisarco conforms to oecd due diligence for responsible supply chains of minerals from conflictaffected and highrisk areas, and the responsible minerals initiative rmi assurance process tin and tantalum standard. Oecd due diligence guidance for responsible supply chains.
The conflict minerals policy requires hubbell to annually analyze the sourcing of any conflict minerals from the drc and its neighboring countries pursuant to the requirements of the act. You can copy, download or print oecd content for your own use, and you can include excerpts from oecd. This guidance is for use by any company potentially sourcing minerals or. The oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas hereafter the guidance is the first example of a collaborative governmentbacked multistakeholder initiative on responsible supply chain. Jul 23, 2019 eight years ago the oecd published its due diligence guidance for responsible supply chains of minerals, an international framework for companies to avoid contributing to conflict through their mineral purchasing practices. As part of our commitment to corporate social responsibility, it is our goal to source conflict minerals tin, tantalum, tungsten, and gold in a manner which will not directly or indirectly finance or benefit armed groups in the democratic republic of congo and its adjoining countries, or in any region determined to be a conflict affected and high risk area cahra as defined in the. Sec adopts rule for disclosing use of conflict minerals. Conflict minerals the sourcemap blog supply chain mapping. Five practical steps to support sec conflict minerals. Further, the study noted most companys responsible sourcing programs did not consider issues beyond tin, tungsten, tantalum and gold 3tgs, or locations. You can copy, download or print oecd content for your own use, and you can. Minerals from conflictaffected and highrisk areas and accompanying supplements as applicable for downstream companies the oecd guidance.
The oecd due diligence guidance for responsible supply chains of minerals from conflict affected and highrisk areas provides stepbystep management recommendations endorsed by governments for global responsible supply chains of minerals in order for companies to respect human rights and avoid contributing to conflict through their mineral or. Development oecd, a group of 35 developed countries, drew up the the oecd guidance requires an importer to follow the five steps listed. It aims to help stem the trade in four minerals tin, tantalum, tungsten and gold which sometimes finance armed conflict or are mined using forced labour. The term conflictminerals generally refers to four raw materials or their derivatives extracted from a part of the world where conflict is occurring and affects the mining and trading of those. Approaches to responsible sourcing in mineral supply chains.
As such, this policy, which provides the framework that the company is using to comply with section 1502 of the dodd frank act, applies to the entire company, including all of its subsidiaries, affiliates, and units worldwide. Independent report reveals weaknesses in conflict minerals. Youre no doubt working hard to complete your due diligence analysis and finalize your form sd and conflict minerals report as required by the us conflict minerals rule. Conflict minerals statement sandvik recognizes the potential of the production of minerals to bolster development and sustain livelihoods by generating income, growth and prosperity. The dodd frank act us and the new eu regulation on conflict minerals refer to the oecds guidance as a best practice in. The responsible minerals initiative rmi, formerly the conflict free sourcing initiative cfsi, a coalition of leading companies dedicated to improving the security and human rights conditions in their minerals supply chains, today announced new tools to enable responsible sourcing from conflict affected and highrisk areas. Nov, 2012 division of corporation finance conflict minerals disclosure a small entity compliance guide 1 introduction. Our work to date can be summarized in four categories. With more than 380 member companies, the responsible minerals initiative is one of the most utilized and respected resources for companies from a range of industries addressing responsible mineral sourcing issues in their supply chains we provide companies with tools and resources to make sourcing decisions that improve regulatory compliance and support responsible sourcing of minerals. In accordance with the oecd guidance fivestep framework, we undertook the.
However, under certain circumstances mining and trade of minerals may support conflict, and there is a risk of contributing to adverse impacts, including serious. The introductory section of the guidance as well as annex i fivestep framework for riskbased due diligence in the mineral supply chain, annex ii model supply chain policy for a responsible global supply chain of minerals from conflictaffected and high. The eu conflict minerals regulation assent compliance. The framework of the oecd provides practical guidance to companies on a set of actions that can be taken throughout its supply chain to ensure responsible due diligence. The doddfrank act requires that all publicly traded companies subject to sec rules report annually on the presence of certain minerals, characterized as conflict minerals, including tin, tantalum, tungsten or gold, in the.
International trade in minerals, particularly tin, tungsten, wolfram, and gold, from conflict affected or highrisk areas can have significant implications on intensifying and perpetuating the. Practical guidance for downstream companies the conflict free sourcing initiative. This includes the oecd 5step framework as applicable to the rmi. Oecd due diligence guidance for responsible supply chains of minerals from conflict affected and highrisk areas isbn 9789264111189 20 2011 06 1 p. As your company gets ready for the european union eu conflict minerals regulation, which goes into effect on january 1, 2021, a firm understanding of the oecd framework is essential to success. On august 22, 2012, the securities and exchange commission sec adopted a new rule and form, as mandated by section 1502 of the doddfrank wall street reform and consumer protection act doddfrank act, to require companies to publicly disclose their use of conflict. As your company gets ready for the european union eu conflict minerals regulation, which goes into effect on january 1, 2021, a firm understanding of the oecd framework. Doddfrank wall street reform and consumer protection act. Both the oecd guidance and the sec final rule on conflict minerals recognize that a companys processes must be tailored to the particular facts and circumstances of the individual enterprise, taking into account size, complexity and supply chain characteristics.
The doddfrank act, while us legislation, has driven changes within some major manufacturers, for example, dell, hewlettpackard, apple and others. Under the eu regulation, it is mandatory to follow this framework. The organisation for economic cooperation and development oecd due diligence guidance provides a set of recommendations that ensure companies take the appropriate steps to identify materials that have been sourced from conflictaffected areas. Tsmc strongly supports the responsible business alliance rba, formerly the electronic.
Description of due diligence performed on the source and chain of custody of those conflict minerals step 1. The oecd published a framework called due diligence for responsible supply chains of minerals from conflictaffected and high risk areas and this is referenced in the doddfrank act. Following the steps set out in this guide will help you become certified under the icgrl certification scheme. You can copy, download or print oecd content for your own use, and you can include excerpts. The oecd guidance provides a detailed due diligence framework to support responsible global supply chain management of minerals and is currently the only internationally recognized framework for raw material due diligence. Johns, matthew 2010 multistakeholder initiatives in. Facilitating social dialogue under the oecd guidelines for multinational enterprises. Section 1502 of the law requires public companies issuers to report the origin of the socalled conflict minerals tin, tungsten, tantalum, and gold contained in their products. We also regularly conduct surveys on our suppliers to keep the information updated. Recognized framework used to develop due diligence framework our conflict minerals process and policy are designed to conform in all material respects with the oecd guidance. Oecd due diligence guidance for responsible supply chains of minerals from con. The oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas hereafter the guidance is the first example of a collaborative governmentbacked multistakeholder initiative on responsible supply chain management of minerals from conflictaffected areas. Dana has established a global team, reporting to executive leadership, to work through the oecd framework and is developing a plan to address each of its focus areas. Eight years ago the oecd published its due diligence guidance for responsible supply chains of minerals, an international framework for companies to avoid contributing to conflict through their mineral purchasing practices.