Global PCCS conflict mineral strategy, consulting and auditing services provide guidance to help companies comply with US requirements.
As a result of the Securities and Exchange Commission’s (SEC) final rule on Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Final Rule”), private companies not legally subject to the Final Rule’s reporting requirements are still impacted. Many private companies in the supply chain of registrants find themselves obligated to put in place a conflict minerals compliance program to enable credible and reliable reporting to meet commercial requirements of their customers. Specifically, many private companies that are suppliers to registrants are receiving requests from these customers to investigate their supply chain and provide information regarding the use of conflict minerals in the products they sell.
What are the 'conflict minerals' (and their derivatives)?
- Columbite-tantalite (coltan) is the metal ore from which tantalum is extracted; Tantalum uses include electronic components (mobile telephones, computers, video game consoles, digital cameras) and alloys for making carbide tools and jet engine components.
- Cassiterite is the metal ore most commonly used to produce Tin; tin uses include alloys, tin plating, and solder for joining pipes and electronic circuits.
- Gold uses include jewelry as well as electronic, communications & aerospace equipment (provides superior electric conductivity and corrosion resistance).
- Wolframite is the metal ore used to produce Tungsten; tungsten uses include metal wires, electrodes and contacts (lighting, electronic, electrical, heating, welding applications).
- Any other mineral or its derivatives that the Secretary of State determines to be financing conflict in the DRC countries
What We OfferThe Global PCCS offers cost-effective consulting support, advisory and audit services for conflict minerals.Examples include:
- Strategy and regulatory compliance assessments.
- Program and procedure development.
- Product, supplier and material screening.
- Prioritization criteria.
- Reasonable Country of Origin Inquiry (RCOI) processes.
- Due Diligence processes.
- Conflict minerals process workflow mapping/overlays with corporate enterprise-wide systems, such as Oracle's Agile.
- Ongoing third-party advisory support, oversight and document reviews.
- Training program delivery and material development.
- Conflict Minerals Report (CMR) audits, preparation/planning and simulated audits.
Our Services Will Help You
- Understand and address risks resulting from supply constraints, conflict minerals regulations, and public pressure.
- Take steps toward a conflict-mineral-free supply chain, while continuing to support local economies.
- Integrate conflict minerals efforts with overall supply chain and sustainability strategies to support resilient and responsible sourcing.