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Companies sourcing tin, tantalum, and tungsten from the Democratic Republic of the Congo need to be concerned with more than just conflict minerals: Child labor in mines is one of the worst forms of child labor in the world.
How can companies working on conflict minerals look beyond the conflict to build sustainable local communities in the Democratic Republic of the Congo, and help create a stable supply chain for tin, tantalum, tungsten, and gold?
This report focuses on how addressing concerns about conflict minerals in the Democratic Republic of the Congo, a topic of increasing scrutiny, creates a unique opportunity for companies to tackle related concerns in their supply chains, while also supporting local economic development.
As companies prepare their first conflict minerals filings for the U.S. Securities and Exchange Commission, many may consider pulling out of the Democratic Republic of the Congo, fearful of not being able to say they are conflict-free. This isn't the best approach for sustainable development and stability in the region.
BSR held its first Twitter #BSRchat with our conflict minerals experts Marshall Chase and Sasha Radovich on Friday, September 7. Check out the highlights from the chat.
The release of the SEC’s final rules on conflict minerals reporting last Wednesday marks a milestone for companies, NGOs, investors and others who have been working on this issue for years—in many cases (including BSR’s) well before the conflict minerals reporting provision of Dodd-Frank was written into law in mid-2010.
I was recently in Paris at the Organization for Economic Cooperation and Development (OECD), helping to facilitate the third meeting that they, with the International Conference on the Great Lakes Region (ICGLR) and the UN Group of Experts on the Democratic Republic of the Congo (DRC), hosted on the due diligence efforts that companies are implementing on conflict minerals.
BSR is exploring how companies can move beyond supply chain traceability of conflict minerals to support local development in the eastern Democratic Republic of the Congo.