Conflict minerals

Dealing with Forced Labor and Conflict Minerals in the Supply Chain: An Overview of EU Regulation for Conflict Minerals and ComplyMarkets Due Diligence Solutions

The new EU Conflict Minerals Regulation (2017/821) deals with the use of forced labour in the mining of minerals in politically unstable areas. These minerals, such as tin, tantalum, tungsten, and gold, are often sold to fund illegal activities such as buying weapons, and can find their way into our cell phones, cars, and jewelry.

EU importers of these minerals are required to check what they are buying to ensure that they have not been produced in a way that finances conflict or other related illegal practices. The regulation requires importers to follow a five-step framework set out by the Organisation for Economic Co-operation and Development (OECD) in a document called 'Due Diligence Guidance for Responsible Supply Chains from Conflict-Affected and High-Risk Areas' (OECD Guidance). These steps include:

• Building a strong business management system
• Identification and assessment of supply chain risks
• Develop and implement a strategy to respond to identified risks
• Conducting an independent external audit of supply chain due diligence
• Supporting annual supply chain due diligence
reporting

How ComplyMarket can help you:

ComplyMarket offers the ComplyDoC, an intelligent IT and first open-source code cloud solution for Supply Chain Sustainability, Chemical & Product Compliance Management, to collect information from suppliers. ComplyDoC helps you to:

• Building a strong business management system
• Identification and assessment of supply chain risks
• Development and implementation of a strategy to respond to identified risks
• Conducting an independent external audit of supply chain due diligence
• Supporting annual supply chain due diligence reporting.