The US Securities and Exchange Commission (SEC) gave 2010 an interesting send-off by publishing its proposed regulations on Conflict Minerals Reporting and supply chain traceability on December 15, 2010. The requirements will impact many industries and companies (U.S. and foreign) in various ways. The Law itself, the proposed regulations and the Organization for Economic Cooperation and Development (OECD) Conflict Minerals Due Diligence framework create expectations and ambiguities concerning supply chain traceability/auditing programs.
Between August and December, The Elm Consulting Group International, LLC completed one of the first third-party audit/traceability engagements in response to The Conflict Minerals Law and OECD program. The audits resulted in the first “Conflict-Free Smelter” designation in the United States under the audit program for tantalum.
As a result of that success, we are launching a broadened Conflict Minerals Traceability Auditing service to include tin, tungsten and gold.
To assist clients and others, Elm has developed a short summary review of conflict minerals audit programs – based on our industry-leading first-hand experience conducting these audits, and leveraging our extensive international senior-level health, safety and environmental (HSE) auditing expertise.
If you are interested in receiving our summary document, please contact us.
Founded in 2001, The Elm Consulting Group International, LLC is a specialty health, safety, environmental and sustainability management services firm with 5 offices in the United States, as well as offices in Mexico, Argentina, New Zealand, Indonesia, an exclusive joint venture in China and a network of over 100 hand-selected affiliates in 22 other countries. To maintain our independence as auditors, our services are focused on audit program development and execution, and we maintain various third-party HSE auditor certifications in the US and abroad.