ESG for Extended Minerals Compliance
Assent helps you see deeper into your supply chain to gain smarter insights and meet your extended minerals goals for the responsible sourcing of cobalt and mica.
Extended Minerals: ESG Deep Supply Chain Due Diligence
Demand for cobalt has grown due to its use in lithium-ion batteries. The increased presence of cobalt and mica in supply chains impacts investor interest, reputational risk, and customer requirements. To keep up with the market’s growing ESG expectations, manufacturers must complete due diligence for cobalt and mica.
A Rise in Cobalt & Mica ESG Reporting
While there are currently no legal requirements regarding cobalt and mica sourcing, many manufacturers voluntarily use the Extended Minerals Reporting Template (EMRT) to build a sustainable responsible minerals program. Some companies have made cobalt and mica due diligence a contractual supplier requirement.
Risks of Extended Minerals Non-Compliance
Not meeting responsible minerals guidelines comes with several challenges:
- Economic loss: Lose investors or contracts.
- Reputational damage: Bad PR around extended minerals in your products could have devastating consequences.
- Supply chain issues: delays in material sourcing due to supply chain disruptions.
Cobalt: Responsible Sourcing in Your Supply Chain
Consumers and investors are putting pressure on companies to voluntarily report on their use of cobalt in their supply chains. Multinational companies such as Intel, Apple, Dell, Hewlett Packard, and BMW have now implemented supplier codes of conduct that aim to increase transparency and ensure their suppliers operate ethically.
This handbook will help mitigate risk deep in your supply chain, provide an understanding of the regulatory landscape, and help prepare compliance programs for cobalt due diligence.Get the Handbook
Growing Better With Cobalt & Responsible Minerals: GE Appliances
GE Appliances, a Haier Company, wanted to take its corporate social responsibility program a step further by adding cobalt and mica to its responsible minerals management. After expanding with Assent to add automated EMRT surveys, their Supplier Quality Manager went from spending 60% of his time on conflict minerals tracking to five percent.Download Now
Extended Minerals Solution Capabilities
Robust Data Collection
Gather defensible due diligence data with disclosures that are based on a deep understanding of regulations, materiality, and best practices.
Full Supply Chain Visibility
Deep-map your supply chain risk beyond surface-level disclosures by monitoring suppliers for topics material to your business, so you can prioritize suppliers with a strong ESG track record.
The Assent ESG Advantage
We’re the only supply chain sustainability management platform built specifically for complex manufacturers. Our solution is built on industry best practices, so you can manage data in a single platform across the company and build the missing foundation you need to mitigate hidden extended minerals risks.
Solutions for ESG
Build a strong foundation with Assent’s reporting and monitoring solutions to meet ESG demands.
Build Your ESG Foundation
Start building your missing ESG foundation with CSR, product compliance, and indirect supplier monitoring.
Kickstart Your Minerals CSR Program
See how Assent gives you deep transparency into your mineral sourcing, as well as insights into your suppliers and parts.
Streamline ABAC Supplier Management
Grow better with Assent’s anti-bribery, anti-corruption solution.
Industry Solutions for Complex Manufacturing
Discover how our automated supply chain sustainability management solutions help complex manufacturers see deeper, be smarter, and grow better.
Electronic Industry Solution
Find solutions to deep-map your electronics supply chain. Learn more about Assent’s platform and how we support your business growth goals.
Industrial Equipment Solution
Assent helps industrial equipment manufacturers grow better by allowing you to see deep into your supply chain.
See Deeper, Be Smarter, Grow Better
See why our supply chain sustainability platform is the number one choice for the world’s most sustainable complex manufacturers looking to manage Extended Minerals compliance.