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Article

24 Jun 2015

Author:
Hailey Lynne McKeefry, EBN (USA)

Despite Dodd-Frank Act, much remains to be done on conflict minerals reporting, says supply chain expert

"Conflict Minerals: Still Early Days Despite Deadlines", 12 Jun 2015

...In the electronics industry...awareness is acute that smartphones and other gadgets that use materials mined in war-torn Africa transgress against human rights as well. Getting to divestment, though, is an uphill battle...Congress passed the Dodd-Frank Act in 2010...The deadline for adherence to the requirements came due earlier this month...The intervening months between passage of the legislation and this latest deadline has proved to organizations that compliance will take more effort than they imagined...[D]rilling down through the supply chain to get information about where sources originated it time consuming, expensive, and difficult...[E]lectronics OEMs are becoming cognizant of the benefits in terms of risk mitigation of having deeper visibility into the supply chain...Clearly, the push toward compliance is significant...[Refers to KPMG and PriceWaterhouseCoopers]