Where your minerals come from matters. Learn more in our miniseries, Assent in Depth: The Congo | Cobalt & Your Supply Chain Risks. Watch Now
Conflict Minerals: The Risks of Non-Compliance
Conflict minerals sourced from conflict-affected locations directly contribute to ongoing violence and forced labor in these regions. Conflict minerals include tin, tungsten, tantalum, and gold (3TGs). The presence of these minerals in supply chains impacts investor interest, market access, reputational risk, and customer requirements.
‹ In a three-part mini-documentary series, Assent explores artisanal cobalt mining in the Democratic Republic of the Congo to show how manufacturers can take proactive steps toward responsible sourcing.
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Conflict Minerals Due Diligence
Manufacturers in scope of conflict minerals legislation use the Conflict Minerals Reporting Template (CMRT) to demonstrate due diligence and report annually on smelters and 3TG conflict minerals in their supply chains. This requires spending time and resources contacting suppliers and collecting data, which can be a challenge, as collecting information from suppliers deep in your supply chain is difficult. Assent automates CMRT data surveying to streamline this process.
The Challenges of Conflict Minerals Legislation
Non-compliance with responsible minerals legislation creates several challenges, including:
- Economic loss: You could lose investors or contracts.
- Reputational damage: You could face bad PR as a result of conflict minerals and related risks such as forced labor.
- Supply chain issues: Conflict minerals in your products could create delays in material sourcing due to supply chain disruptions.
- Taking focus away from your people: In the event of a compliance challenge, staff will spend time addressing the issue instead of the jobs they were hired to do.
Conflict Minerals Handbook: Your Guide to Compliance
There’s increasing pressure on companies from consumers, industry, non-governmental organizations (NGOs), investors, and activists to file conflict minerals reports with the Securities and Exchange Commission (SEC). This eBook covers requirements under conflict minerals legislation, enforcement, and how to build a strong conflict minerals program.Read the Ebook
Our Conflict Minerals Solution Capabilities
Robust Data Collection
Gather defensible due diligence data with disclosures based on a deep understanding of investor expectations, 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 environmental, social, and governance (ESG) track record.
The Assent 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 conflict 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.
Streamline ABAC Supplier Management
Grow better with Assent’s anti-bribery, anti-corruption solution.
With Assent, uncover hidden forced labor risks and human rights violations in your supply chain to maintain market access and protect your brand.
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 Conflict Minerals compliance.