Group Identifies Conflict Minerals Report Expectations

The Responsible Sourcing Network has released a paper, the goal of which is to describe the content that certain sustainable and responsible investors, or SRIs, and nongovernmental organizations, or NGOs, expect to see in an issuer’s Specialized Disclosure, or Form SD, and Conflict Minerals Report, or CMR, if a CMR is deemed necessary. According to the paper it articulates key reporting components that are important to many SRIs and NGOs and suggests indicators that can be tracked over time to allow for comparability between reports and measure improvement. 

Among other things, the group believes an issuer should describe the process it has in place and the steps it will take to:

  • Identify risks in its supply chain.
  • Ensure compliance with its policy and program. An issuer is expected to describe the steps it has taken to ensure that its suppliers are complying with the issuer’s conflict minerals policy and program.
  • Respond to identified risks, including instances of noncompliance with its policy and program.
  • Disclose and describe the contractual language, supplier-agreement language, and/or policies it is using to implement the steps above.

Topics:  Conflict Mineral Rules, Minerals, Natural Resources, NGOs, Supply Chain

Published In: General Business Updates, Energy & Utilities Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Stinson Leonard Street - Dodd-Frank and the Jobs Act | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »