A growing number of countries and regions have or are in the process of implementing conflict mineral legislation to control the use of conflict minerals in products. The ipoint conflict minerals software platform ensures compliance with conflict. Some solutions expose supplier identities to a large pool of subscribers. Supply us with timely and accurate information regarding the source of 3tg minerals in our supply chain and the steps that have been undertaken to determine whether such products and materials are drc conflict free, including whether the source has been verified by a recognized, independent third party. It depends on how many suppliers are in your portfolio. Conflict minerals software solution business challenge key features business benefits section 1502 of the doddfrank act requires publicly traded us companies and certain other foreign companies must declare in their annual sec filings whether they have tantalum.
The conflict mineral module, part of the assent compliance corporate social responsibility suite, facilitates compliance with evolving global conflict mineral regulations. Conflict minerals compliance source intelligence cmrts. If your companys products contain conflict minerals, it is your responsibility to establish and maintain supply chain due diligence to provide business transparency, comply with regulations and to help eliminate hostility. The compliance software and data management solution automates supply chain communications and data collection processes. Automated software tools for collecting, validating, analyzing and refreshing the data via the eiccgesi template conflict minerals reporting template improve productivity. Solutions for conflict minerals compliance verisk 3e. As defined in 2010 united states legislation, doddfrank wall street reform and consumer protection act, section 1502e4. Conflict minerals reporting templates include survey results, location mapping, and issue management capabilities designed to match or. When sourcing a software vendor for dodd frank conflict mineral compliance there are several important factors to note. Conflict minerals reporting siemens digital industries software. Conflict minerals report for the year ended december 31, 2018 this report for the year ended december 31, 2018 is presented to comply with rule p1 under the securities exchange act of 1934, as amended the rule. The ipoint conflict minerals platform ipcmp is a webbased, ondemand software solution, providing conflict minerals data collection, management. We believe in the responsible sourcing of materials and will continue in our efforts to ensure a conflictfree supply chain to the extent reasonably practicable. A comprehensive approach to congos conflict minerals.
Managing our obligations in relation to conflict minerals is a part of this corporate. Apr 24, 2009 a mutually acceptable security context around the mineral trade in eastern congo is a critical component of a lasting detente between kinshasa and kigali, and the international community has an opportunity in the wake of recent events to support solutions that benefit ordinary congolese. Throughout 2015, ibm and other members of the electronic industry citizenship coalition eicc, in conjunction with over 300 companies from seven business sectors, continued working to achieve a supply chain free of conflictoriginated democratic republic of the congo drc minerals. United states securities and exchange commission sec to implement reporting and disclosure requirements related to conflict minerals as directed by the doddfrank wall street reform and consumer protection act of 2010. Actios conflict minerals tracking program provides compliance, audit and analysis for risk. Siliconexpert provides the latest conflict minerals data, bringing you reports on the origin of tin,tantalum, gold, and tungsten in components as well as their conflict mineral status. Conflict minerals are defined as cassiterite, columbitetantalite, wolframite and gold, including their. The compliance software and data management solution automates supply.
Relative to ibm s use of conflict minerals, the following products designed and manufactured by ibm are within the scope of our conflict minerals work. Meet customer and doddfrank conflict minerals policy requirements. Assent compliance is a supply chain data management company. We require high social, environmental and human rights standards among our suppliers. Our conflict minerals software platform ipcmp and our conflict minerals consulting services, combine to offer an integrated, single solution for the whole supply chain. We offer suitable licenses depending on your companys size and reporting requirements. In these locations, militia commit the most grievous human rights violations in their efforts to control the mines and sell the extracted conflict minerals predominantly gold. Conflict minerals awareness data and analysis ihs markit. Conflict minerals, also referred to as 3tgs, are identified as tin, tantalum, tungsten, gold and their alloys. While some companies have employees responsible for conflict mineral compliance, this may be part of other responsibilities.
The compliance map offers conflict minerals compliance management software, reporting and management solutions. It is important for trimble to source materials from companies that share our values regarding respect for human rights, ethics, and environmental responsibility. Conflict minerals basic license test the extended premium functionalities of the leading conflict minerals software for free. Enviance offers sophisticated technology that does not require such exposure.
Ibm participates in the conflictfree sourcing initiative cfsi industry group, where. On august 22, 2012, the securities and exchange commission sec adopted a new rule and form, as mandated by section 1502 of the doddfrank wall street reform and consumer protection act doddfrank act, to require companies to publicly disclose their use of conflict. Manage your conflict minerals program with a cloudbased software solution. Learn how to build the business case for conflict minerals compliance software automation. Using a software solution, brings three key benefits. In the sec rule, drc conflictfree is defined as minerals that were extracted and did not directly or indirectly benefit armed groups in the covered countries.
A wide gap in supplier count the largest gap could be seen when one examined completion rate versus total number of suppliers. While some companies have employees responsible for conflict mineral compliance, this may be part of other responsibilities, making resource allocation an issue. Conflict minerals compliance software ipoint systems. Adec innovations adec helps organizations recognize business drivers for sustainability practices and offers costeffective sustainability management solutions. Conflict minerals include tantalum, tin, tungsten and gold, which are used in many electronic components and computer products. Quantities of these conflict minerals come from mines located in the democratic republic of congo drc and surrounding. Chemical approval process software the best way to prevent chemical exposure is to stop the wrong materials from being acquired. Pec modules conflict minerals compliance software why choose us the dodd frank sec conflict minerals legislation requires companies to comprehend and subsequently disclose the use of minerals 3tg in conflict areas such as the drc in order to protect human rights in the supply chain. How to complete a conflict minerals reporting template.
Call or contact us today to learn more about this software solution. Complying with conflict mineral regulations and voluntary initiatives can be fraught with challenges including communicating with suppliers, fielding requests, changing contracts, making public statements on the adopted conflict minerals policy and educating suppliers about why this information is necessary. Conflict minerals compliance tracking progam actio. The rule was adopted by the securities and exchange commission the sec to. The sec rules define conflict minerals as 3tg metals, wherever extracted. Conflict minerals means tin cassiterite, tungsten wolframite, tantalum columbite tantalite or coltan, gold, or their derivatives, which originate in the covered countries.
Conflict minerals services intertek s conflict mineral strategy, consulting and auditing services provide guidance to help companies comply with us requirements. The impact of conflict minerals on business the adec. Enterprise companies can take advantage of this secure, parsed data for analysis, risk assessment, and for compliance with dodd frank and other global conflict mineral restrictions, reach, rohs, weee as well as us epa mandates, dfe, tsca, california reporting and labeling requirements and regulatory requirements in asia, africa and south america. Siliconexperts database has conflict minerals compliance documentation on over 3,380 manufacturers and growing as of february, 2020. Our data intelligence team analyzed the sec filings, as of august 11, 2017, across a range of metrics to provide key observations and trending data on the state of conflict minerals compliance. Conflict minerals compliance software ipointsystems. That statement contains two separate but critical concepts. Software solutions for conflict minerals save time and money. Depending on your companys profile, size, and needs you can choose from four different ipcmp licenses.
Cmrt, ipc1755, the conflict minerals app is designed from the ground up to streamline your reporting process through powerful tools for tracking and managing countryoforigin inquiries. Storage data storage products and solutions that allow clients to retain and manage rapidly growing, complex volumes of digital information and to fuel datacentric cognitive applications. Conflict minerals definition the term conflict minerals is defined as columbitetantalite, also known as coltan from which tantalum is derived. Begin with a conflict minerals policy you can post on your web site and share with inquiring customers. Pec modules conflict minerals compliance software why choose us the dodd frank sec conflict minerals legislation requires companies to comprehend and subsequently disclose the use of minerals 3tg in conflict areas such as the drc in. Servers a range of highperforming systems designed to address capacity, security, speed and compute power needs for businesses, organizations and technical computing applications.
Conflict minerals software and services ihs markit. The term conflict mineral means a columbitetantalite coltan, cassiterite, gold, wolframite, or their derivatives. Enviance has learned over the years that a conflict minerals reporting program can also be used for compliance with europes reach and rohs and weee, and similar regulations worldwide. The portfolio consists of a broad range of softwaredefined storage solutions, flash storage, disk and tape storage solutions. The software solution supports and automatically loads data from the industry standard cmrt template defined by the the responsible minerals initiative rmicfsi.
Join the market leader for conflict minerals compliance software solutions. In this article we will examine the methodology surrounding the approach several software firms have taken and examine implications and processes involved with each methodology. We are committed to ensuring the health, safety and protection of people who come into contact with our products and business. Conflict minerals report for the year ended december 31, 2018. We are committed to taking all steps to comply with the doddfrank act and sec rules related to the reporting of conflict minerals and has implemented a comprehensive due diligence process to meet our obligations.
If your companys products contain conflict minerals, it is your responsibility to establish and maintain supply chain due diligence to provide business transparency, comply with regulations and to help eliminate hostility in highrisk regions. Filings related to conflict minerals reporting year ry 2016 were due to may 31st, 2017. It does not require suppliers to register on a website, go through training and fill out a custom web form making it easier for. The ipoint conflict minerals platform ipcmp is a webbased, ondemand software solution, providing conflict minerals data collection, management, aggregation and reporting. As a cfsi member, gensuite offers an allinclusive conflict minerals software solution. For example, tin extracted in canada, russia or argentina is considered a conflict mineral by definition. Combining incident management software, third party due diligence, and project risk management elements, logicmanager allows programs to identify and assess vulnerabilities associated with each conflict mineral.
Conflict minerals program management responsible sourcing. Trimble aligned its conflict minerals program with the companys code of conduct and adopted the responsible business alliances rba code of conduct for our supplier code of conduct and a member of rbas responsible minerals initiativermi tracing materials back to their mine of origin is a complex but critical requirement of responsible sourcing in the electronics. Premium or premium plus license required depending on the number of suppliers you are. Assent provides cloudbased saas solutions to provide actionable analytics on information related to product compliance, corporate social responsibility and vendor management. In the democratic republic of congo and neighboring states in particular, the ongoing armed conflict is financed by the mining of certain natural resources. Conflict minerals compliance software reporting solutions. Suppliersoft conflict minerals software solution delivers following key benefits.
Solution conflict minerals platform ipoint conflict minerals platform. Complying with conflict mineral regulations and voluntary initiatives can be fraught with challenges including communicating with suppliers, fielding requests, changing contracts, making public statements on the adopted conflict minerals policy and educating suppliers about why this information is. This global technology provider helped a customer comply with conflict mineral regulations related to 548 electronic components from 60 companies in the supply chain securing a. Mandatory and voluntary conflict mineral initiatives know your role. Putting in a materials approval process specifically designed to screen, authorize, and purchase new and existing materials is an important safeguard in your risk management plan. Trimble conflict minerals resources trimble adopted the responsible business alliances rba code of conduct for our supplier code of conduct.
Doddfrank wall street reform and consumer protection act and the sec rule require publiclytraded companies to disclose whether the products they manufacture contain certain conflict minerals. It helps companies collect, validate and analyze the conflict minerals information from their suppliers. As a global valueadded distributor of electronic components and embedded subsystems, avnet promotes the traceability of these minerals and the transparency of the supply chain. Nov, 2012 division of corporation finance conflict minerals disclosure a small entity compliance guide 1 introduction. Selecting a conflict minerals it vendor best practices.
Conflict minerals reporting laws require transparency and disclosure of conflict minerals used in products for both inhouse and supplied product parts, as well as the smelters used in conflict minerals processing. Jun 19, 20 conflict minerals in the eastern drc are generally defined including in us legislation and the oecd due diligence guidance for responsible mineral supply chains as cassiterite tin, coltan. In addition to software, suppliersoft provides turnkey offering. Manage conflict minerals policy such as tin, tantalum, tungsten and gold across the supply chain. Should i consolidate the conflict minerals reporting template cmrt from my suppliers manually or should i use a software solution. Conflict minerals refers to minerals or other derivatives specifically, tin, tantalum, tungsten, and gold, also known as 3tg mined in the eastern provinces of the democratic republic of the congo drc and in the adjoining countries where the revenues of the 3tg minerals may be directly or indirectly financing armed groups engaged in civil war resulting in serious social and. Conflict minerals in regards to the us congress hr 4173, specifically section 1502 conflict minerals, bucklessmith is dedicated to helping our customers stay informed on changes pertaining to conflict mineral reporting requirements. This enables you to efficiently manage conflict mineralsrelated data and report creation in a seamless process. Initiate, manage, and use your supply chain communication for your cm reporting the free trial has no hidden fees or setup costs. Using conflictfree minerals equals less pollution, more resources, a healthier workforce and a peaceful communityall of which are vital for a business to thrive. Schlumberger recognizes that there are serious human rights abuses associated with the extraction, transportation and trade in minerals in the covered countries. With tens of thousands of registered companies, ipoint has secured its position as the market leader for conflict minerals compliance software solutions. The rule imposes certain reporting obligations on sec registrants whose manufactured products contain. To reduce conflict in such areas, there are regulations in place that require companies to disclose conflict mineral use.
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