The Dodd-Frank Wall Street Reform and Consumer Protection Act contained a relatively unknown section related to conflict minerals originating from the Democratic Republic of the Congo and its neighbors (DRC countries). Within a year, 6,000 public companies, and likely their suppliers, may need to audit their supply chains and report whether their products require tungsten, tantalum, tin or gold for their production of functionality and, if so, whether those minerals originated from DRC countries.
This report by Cost & Capital contains an overview of the business implications of the legislation, a description of the conflict mineral value chain, and a guide to review the supply chain. The paper also discusses potential benefits of compliance and how those benefits can help increase supply chain visibility and reduce costs.
To download a complimentary cope, please click here.