Are You Aware of Conflict Mineral Compliance?
This has recently come up with a few readers, and now The Society of the Plastics Industry (SPI) offers some information you need to know if you make molds for publicly traded companies because you may be asked to help them with required documentation.
If you manufacture molds for publicly traded companies, you may be asked to assist your customer with necessary documentation to submit in a new SEC required report on Conflict Minerals. Here is what you need to know:
The conflict minerals reporting rule finalized by the U.S. Securities and Exchange Commission (SEC) in September 2012, requires SEC-reporting companies to conduct supply chain due diligence and to disclose the presence in their products of any minerals sourced from mines that may finance conflict in the Democratic Republic of Congo (DRC).
The first conflict minerals reports are due May 31, 2014.
SPI has been supporting the efforts of the National Association of Manufacturers (NAM), a strategic partner on this issue, which has developed compliance tools for manufacturers across various sectors. SPI has also been directing members to the following resources for guidance on due diligence, lists of certified conflict-free smelters and refiners, and templates for supply chain communication on sourcing conflict-free minerals and meeting SEC requirements:
NAM’s Conflict Minerals Resource Center (nominal cost of $65 to subscribe)
Organization for Economic Cooperation and Development (OECD)
EICC-GeSI Conflict-Free Sourcing Initiative
Automotive Industry Action Group – Conflict Minerals
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