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.
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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.
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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.
Industry Solutions for Complex Manufacturing
Discover how our automated supply chain sustainability management solutions help complex manufacturers see deeper, be smarter, and grow better.
Extended Minerals Resources
Browse related education, regulatory information, and expert-led webinars from our resource library and blog.
EU Conflict Minerals Regulation: Scoping Guide
Is your company in scope of the EU Conflict Mineral Regulation? Find out in our scoping guide.
Building a Supply Chain Sustainability Program With Responsible Sourcing Data
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Six Steps to Structuring a Responsible Minerals Program
Reports of human rights violations associated with the mining of minerals beyond tantalum, tungsten, tin, and gold (3TGs) have increased in recent years. Compan …
