CONFLICT MINERALS REPORTING CMRT

DID YOU KNOW?

  • The US federal law called Dodd-Frank Act, gives the rules on Conflict Minerals in section 150
  • The European Union has prepared a similar bill as the United States’ one which enters into force on January 1st, 2021.
  • Conflict minerals include tin (Sn), tantalum (Ta), tungsten (W) and gold (Au) (known as the 3TGs minerals) originating from areas of conflict such as the Democratic Republic of Congo (DRC) or its neighboring countries
  • Since March 31 2014, a company listed on Wall Street must annually declare the origin of these minerals when used in its production and in accordance with the SEC (Securities and Exchange Commission)
  • If you are supplier of a US company governed by the rules of the SEC, then you will be asked for information on your 3TGs supply chain
  • No de minimis minimum threshold can exempt from the reporting obligation
  • This law massively affects manufacturers of electronic products, because they almost always contain at least one 3TG

THE ENVIROPASS' APPROACH

Enviropass maintains a database of more than 2 000 of the most popular suppliers which fill out Conflict Minerals Reporting Templates (CMRT).

 

CONFLICT MINERALS - CLASSIC SERVICES

Enviropass :

  • Prepares your own CMRT statement based on information previously collected and accordingly with the Responsible Minerals Initiative (RMI).

CONFLICT MINERALS - DELUXE SERVICES

Through its Deluxe services, Enviropass empowers you to control your Conflict Minerals file by:

  • Training you to the legal requirements
  • Setting with you an internal procedure that will enable showing due diligence to third parties
  • Teaching you the qualitative assessment of information gathered from suppliers
  • Equipping you to generate and update your own annual declaration regarding Conflict Minerals