Expectations for Companies’ Conflict Minerals Reporting
As companies prepare their first required reports on conflict mineral use to the U.S. Securities and Exchange Commission, SEC, Responsible Sourcing Network and the Enough Project released a report that sets expectations for the contents of the inaugural reports required by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ...
South Sudan’s Yida Refugee Camp: Place of Refuge and Peril
Adhel* lost her husband and one of her children earlier this year when the Sudanese Armed Forces, or SAF, bombed her town in South Kordofan. “It’s a mess, many people were captured, others scattered, others came here, and others killed.” Since fighting between the SAF and the SPLM-N started in South Kordofan almost a year and a half ago, the stories of displacement by aerial bombardment, food shortages, and militia attacks that refugees tell remain the same ...
U.S. Companies Making Strides to be Conflict-free in Congo, Despite Industry Lawsuit
Late last week the National Association of Manufacturers, or NAM, and the U.S. Chamber of Commerce made their move, initiating a legal challenge against the SEC and requesting that “the rule be modified or set aside in whole or in part.” But plenty of companies are already working to become conflict free ...
The SEC’s Final Rule on Conflict Minerals: Reporting Requirements for Companies
On August 22, the U.S. Securities and Exchange Commission, or SEC, adopted regulations for Section 1502, the provision of the Dodd-Frank financial reform law that deals with conflict minerals from the Democratic Republic of Congo, or DRC. The trade in these minerals fuels a conflict that continues to cause suffering among the people of eastern Congo ...
Congolese Civil Society and Human Rights Groups Urge the SEC to Issue Final Rules
In response to mounting pressure by the Chamber of Commerce and National Association of Manufacturers, the International Corporate Accountability Roundtable and four eastern Congo-based civil society groups sent letters last month to the Securities and Exchange Commission, or SEC, calling on the SEC to quickly adopt final rules to implement 1502. Importantly, both letters ask the SEC to adopt rules that do not include phase-ins or delays in implementation ...
Update on Conflict Minerals Legislation
We took a major step forward with the inclusion of the Congo amendment to the financial reform bill, and here's an update on where we stand ...