abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

24 Jul 2013

Author:
Global Witness

Global Witness applauds D.C. Court’s decision to uphold conflict minerals provision

Global Witness applauded the decision...to uphold the Securities and Exchange Commission’s (SEC) final rule for Dodd Frank Section 1502...“The court’s ruling on Section 1502 is a major victory for human rights and corporate accountability...Yesterday’s ruling will help stop some of the world’s worst human rights abusers from funding their fight using illegal proceeds from the minerals trade.”...The Court’s decision means that the final rule will cover a broader spectrum of companies, including major electronics retailers....“By upholding the final rule for Section 1502 the Court rejected wholesale the Chamber and NAM’s aggressive bid to gut a law designed to address a dire humanitarian situation...Some firms, notably members of the electronics industry, have invested in sourcing minerals responsibly from eastern DRC. The companies behind this court case should follow suit.”

Timeline