Responsible Supply Chain & Minerals Sourcing Bookmark has been added
Responsible Supply Chain & Minerals Sourcing
Growing consumer expectations of ethical procurement practices, and new legislative developments (such as the EU Conflict Minerals Regulation), are forcing companies to dig even deeper across their global minerals supply chain.
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Going beyond IS compliance.
On 29th November 2018, Deloitte’s Responsible Supply Chain practice organized a roundtable discussion to drill deeper to the compliance and beyond-compliance challenges and opportunities of sustainable supply chain management. We asked our speakers to focus on minerals sourcing as in 2021 the EU Regulation on Conflict Minerals will come into force. This will require better transparency and due diligence in the minerals supply chain, and will affect many upstream and downstream companies with some sectors more affected than others, e.g. mining, automotive, electronics, medical device and aerospace industries.
EU Conflict minerals regulation: implications and lessons learnt from the Dodd-Frank Act in the US
On 17 May 2017, the EU Parliament and EU Council adopted new import regulation on ‘Conflict Minerals’ under Regulation 2017/821. Through the raw materials covered under the EU ‘Conflict Minerals’ Regulation, (tin, tantalum and tungsten, their ores, and gold), companies importing the minerals used in producing mobile phones, technology, automotive products, as well as jewellery or medical devices, will especially be impacted.