Responsible Minerals Support
We support multi-national companies to ensure that the minerals and metals they use in their supply chain are sourced responsibly and sustainably.
We offer a range of solutions that help companies identify and mitigate the risks associated with the extraction, transport, and sale of minerals, such as conflict minerals, which are often associated with human rights abuses and environmental damage.
Responsible Minerals Program
We help to implement and improve companies Responsible Minerals Programs by implementing a set of measures and protocols, to ensure that the minerals they source and use in their supply chain are obtained through ethical and sustainable means.
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Our program typically includes measures to prevent the use of minerals that are linked to human rights abuses, environmental damage, and unethical labor practices, such as conflict minerals. Via our close partners, we also help tracking the source of minerals, conducting audits of suppliers, and engaging with local communities to ensure that their rights are protected.
A responsible minerals program is a critical aspect of corporate social responsibility, as it ensures that companies are not contributing to harmful practices or human rights violations.
Assess your supply chain
The first step is to identify the minerals used in your supply chain and understand where they come from. Identify the countries and mines that supply your minerals, and the social and environmental issues associated with each mine.
Engage with suppliers
Engage with your suppliers to understand their practices and ensure that they are meeting your responsible minerals requirements. This can include supplier audits and assessments, training and capacity building, and ongoing monitoring and evaluation.
Compliance & Reporting
Comply with legal requirements, such as conflict minerals regulations, and report your progress internally and externally.
Continuous improvement
Continuously review and improve your responsible minerals program to ensure that it remains effective and relevant. This can include setting targets, measuring performance, and incorporating feedback from stakeholders.
Develop a policy
Based on the assessment of your supply chain, develop a responsible minerals policy that sets out the steps you will take to ensure that your minerals are sourced responsibly. This should include commitments to human rights, environmental protection, and social responsibility.
Implement due diligence
Implement a due diligence process to identify and mitigate the risks of human rights abuses and environmental harm in your supply chain. This can include risk assessments, traceability, and third-party verification.
Stakeholder management
Communicate your responsible minerals program to stakeholders, including customers, investors, and civil society organizations. This can include reporting on progress, engaging in dialogue with stakeholders, and responding to concerns and feedback.
Data Management
Platform
Effective Data Management stands at the forefront of responsible minerals reporting, playing a pivotal role in ensuring transparency, accountability, and ethical sourcing practices.
We recognize the paramount importance of meticulous Data Management in the complex landscape of mineral reporting. Our comprehensive services encompass data collection from suppliers, consolidation, hosting, and in-depth analysis. By seamlessly integrating these data elements, we empower our clients to accurately track, verify, and report on their mineral supply chains.
This not only facilitates compliance with regulatory requirements but also strengthens the foundation for responsible mineral programs. Our commitment to robust data management enables companies to navigate the complexities of reporting, foster trust among stakeholders, and contribute to a more sustainable and ethically sound global supply chain.
Regulations and Reporting Obligations
The US and EU regulatory requirements related to conflict minerals aim to promote responsible and sustainable sourcing practices and help to prevent human rights abuses, armed conflict, and environmental degradation. Companies that operate in the US and EU are required to comply with these regulations and take steps to ensure that their minerals are responsibly sourced.
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Failure to report to the US Securities and Exchange Commission (SEC) might violate Section 13(a) and Rule 12b-25 under the Securities Act of 1034 and could lead to cease-and-desist orders with penalty payments attached.
As conflict minerals consultants, we can help companies navigate the complexities of these regulatory requirements and develop effective strategies for responsible sourcing.