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Five Practical Steps for Conflict Minerals Due Diligence and SEC Disclosure Published by CFSI

Conflict-Free Sourcing Initiative Recommendations Support Responsible Sourcing and Reporting

Five Practical Steps for Conflict Minerals Due Diligence and SEC Disclosure Published by CFSI

Conflict-Free Sourcing Initiative Recommendations Support Responsible Sourcing and Reporting

Published 04-12-17

Submitted by Responsible Business Alliance

Conflict-Free Sourcing Initiative

The Conflict-Free Sourcing Initiative (CFSI), a coalition of leading companies dedicated to improving the security and human rights conditions in their raw materials supply chains, today announced the publication of an updated white paper that details practical steps for companies to meet SEC conflict mineral reporting requirements and conform to OECD Guidance.

The CFSI white paper, “Five Practical Steps for Conflict Minerals Due Diligence and SEC Disclosure,” provides clear explanations, practical tips and recognized practices for downstream companies on collecting and assessing information about the tin, tantalum, tungsten and gold (3TG) in their supply chains that should inform company decision-making and public reporting.

The white paper provides examples of how a company may use recommendations outlined in the OECD Guidance to meet SEC requirements by correlating the OECD Guidance 5-Step process to the SEC 3-Step process. The CFSI recommendations are based on reasonable approaches, many of which stem from lessons learned through years of company implementation, experiences across several industries, and the first three years of SEC reporting.

This version of the white paper, updated from 2015, includes additional options for companies that would like to implement recognized, progressive practices in their responsible sourcing programs. The progressive practices could be used by companies as they develop, review or revise their responsible sourcing programs and/or SEC filings.

“By sharing these recommendations, the CFSI hopes more companies will adopt similar practices, thus making responsible sourcing more efficient and ultimately more effective at mitigating conflict and other serious human rights abuses,” said CFSI Program Director Leah Butler. “If companies are considering adjustments to their due diligence systems or public reporting, the CFSI recommends they adopt an OECD-aligned approach.”

About CFSI

The CFSI is a multi-industry initiative with over 360 member companies, including associations and service providers. Our members contribute to the development and international uptake of a range of tools and resources, including independent third-party audit programs for smelters, the Conflict Minerals Reporting Template, Reasonable Country of Origin Inquiry data, and guidance documents on responsible sourcing of tin, tantalum, tungsten and gold (3TG). The CFSI runs regular workshops on responsible sourcing issues and contributes to policy development with civil society organizations and governments. For more information, visit conflictfreesourcing.org.

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Responsible Business Alliance

Responsible Business Alliance

The Responsible Business Alliance is the world’s largest industry coalition dedicated to corporate social responsibility in global supply chains.

About the RBA

The Responsible Business Alliance (RBA) is a nonprofit coalition of leading companies dedicated to improving social, environmental and ethical conditions in their global supply chains. The RBA has a Code of Conduct and a range of programs, training and assessment tools to support continual improvement. The RBA and its Responsible Minerals, Labor and Factory Initiatives have more than 380 members with combined annual revenues of greater than $7.7 trillion, directly employing over 21.5 million people, with products manufactured in more than 120 countries.

Vision & Mission

Vision: A global electronics industry that creates sustainable value for workers, the environment and business.

Mission: Members, suppliers and stakeholders collaborate to improve working and environmental conditions through leading standards and practices.

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