In 2016, over 62% of conflict minerals filers mentioned the use of a third-party solution to help track the source of 3TG used in their products.
For the second year in a row, we were the most frequently mentioned third-party solution provider.
Conflict Minerals reporting is evolving
The 2016 SEC conflict minerals filings marked the third year of conflict minerals reporting. We analyzed all filings [as of June 20th, 2016] to better understand the direction of conflict minerals reporting:
Companies Reveal More Information
Increase in max page length from the previous reporting year.
More Voluntary Disclosures
Increase in independent private sector audits (IPSA's).
“To me, a few things stand out – Issuers are reporting higher response rates and CMRs appear to be both more streamlined and robust at the same time.”
– Jennifer Kraus, Co-Founder, Chief Scientific Officer, EVP Operations
Components of Conflict Minerals Compliance Programs
Conflict minerals in your supply chain?
Conflict Minerals refers to four raw materials; columbite-tantalite, also known as coltan (from which tantalum is derived), cassiterite (tin), gold, wolframite (tungsten), or their derivatives. Privately traded companies in the U.S. are required to submit conflict minerals filings under Dodd-Frank Section 1502. Is your company required to report on conflict minerals in your supply chain?
Identifying the source of your supplied metals is the main purpose of Conflict Minerals Compliance. A Smelter is the first stop for raw materials once they have been mined or recycled by the provider. Our in-house smelter verification team regularly updates our smelter aliases database and recently identified 8 smelters of high concern that you should be aware of in 2017.
Conflict Minerals Compliance Program
Establishes contact, educates, and engages with your suppliers through email and phone in your suppliers native language.
Easy to Use Platform
Monitor supplier progress and response rates to centralized cloud based platform.
Provide your customers accurate, verified data for their compliance efforts.
Compare collected data against publicly available and our exclusive smelter database for accurate smelter reporting.