US Conflict Minerals
What Constitutes a "Conflict-Free" Mineral?
In the SEC rule, “DRC conflict-free” is defined as minerals that were extracted and did not directly or indirectly benefit armed groups in the covered countries. Read more at: Conflict Free Minerals
How Does the Ruling Apply to Recycled and Scrap Sources?
There are special rules governing the due diligence and Conflict Minerals Report for minerals from recycled or scrap sources. If a company’s conflict minerals are derived from recycled or scrap sources rather than from mined sources, the company’s ...
What Must be Included in the Conflict Minerals Report?
Under the final rule, companies that are required to file a Conflict Minerals Report must exercise due diligence on the source and chain of custody of their conflict minerals. The due diligence measures must conform to a nationally or internationally ...
What is the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk?
The OECD Due Diligence Guidance was developed to help companies avoid contributing to conflict, serious human rights impacts, and financial crime through their operations or mineral sourcing practices. The Guidance is also intended to cultivate ...
What Does the Rule Require?
The final rule applies to a company that uses minerals including tantalum, tin, gold or tungsten if: The company files reports with the SEC under the Exchange Act. The minerals are “necessary to the functionality or production” of a product ...
What is the Effective Date for the Conflict Minerals Ruling?
The regulation was signed into law in June 2017 and the requirements for EU importers applied from 1 January 2021. EU importers need to carry out due diligence from this date by law. The Commission encouraged all companies covered by the regulation ...
How Does the Dodd-Frank Act Relate to the SEC's Conflict Minerals Requirements?
In 2010, the U.S. Congress passed a landmark law. The “conflict minerals” provision—commonly known as Section 1502 of the Dodd Frank Act—requires U.S. publicly-listed companies to check their supply chains for tin, tungsten, tantalum and gold, if ...
What are Conflict Minerals?
Conflict minerals are resources that are mined and used to influence and finance armed conflict, human rights abuses, and violence. In politically unstable areas, the minerals trade can be used to finance armed groups, fuel forced labor and other ...
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What is the Swiss Chemical Risk Reduction Ordinance (ORRChem)?
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European Economic Area (EEA)
The EEA is the European common market. It consists of all European Union countries plus Iceland and Norway. The full list of countries that are part of the EEA is below: Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia ...