Conflict minerals compliance is the process of conducting due diligence to identify the source of conflict minerals in a supply chain and reporting on utilized smelters and/or refiners to ensure conflict-free minerals sourcing from various regions around the world.
Although complex and resource-intensive, conflict minerals compliance is mandatory. Without companies taking responsibility for conducting due diligence and 3TG reporting, armed conflict, regional instability, and human rights abuses will continue to be perpetuated in countries across the globe.
Section 1502 of the United States Dodd-Frank Act and the European Union Conflict Minerals Regulation require companies to conduct due diligence and comply with conflict minerals reporting requirements. Similar laws are developing in other countries, making it crucial for companies to understand conflict minerals compliance on a global scale.