Why you should establish proactive business practices to manage the shift from conflict minerals compliance to responsible sourcing.
In 2019 we’ve seen a whirlwind of activity in the conflict minerals compliance area – and trends are indicating that 2020 will be no different.
Cobalt due diligence and reporting is gaining traction; the EU conflict minerals legislation is enforceable starting January 2021, so companies need to begin preparing, and most pressing of all, entities that are sanctioned by the US Office of Foreign Asset Control (“OFAC”) are popping up on smelter lists that force companies to demand action right away.
Tolga Yaprak, Senior Consultant Compliance & Social Responsibility at iPoint, discusses the paradigm shift in the global value chain from a ‘reactive’ and ‘compliance’ driven position, to a ‘proactive’ and ‘good for business’ approach.
iPoint Conflict Minerals – Source responsibly
iPoint’s software solution empowers you to aggregate and report all Conflict Minerals information in your supply chain.
What’s in it for you?
- Learn about the practical application of cobalt due diligence in data collection
- Discover ways to tackle due diligence & reporting requirements for the EU conflict minerals legislation
- Find out how to manage inquiries about OFAC sanctions in your minerals supply chain from Customers