A few months ago, IPC released their White Paper on Conflict Minerals Due Diligence Guidance (IPC-WP-1081 2015-July). We finally had a chance to review the document. The White Paper is not an overly-simplified checklist, nor was that the intent of the document. In our opinion, the document is quite good and breaks down the OECD 5-step due diligence framework into easily understood plain English, with fairly simple and pragmatic examples.
We recommend this White Paper to anyone looking to understand how to operationalize the OECD Due Diligence Guidance. At the same time
Minutes ago, Fern Abrams at IPC posted an important update about the EU Parliament vote on the EU conflict minerals directive.
We highly recommend taking a few minutes to read it and get caught up.
Earlier today, IPC – along with AmCham EU, the European Committee of Domestic Equipment Manufacturers (CECED), DIGITALEUROPE, the Japan Business Council in Europe (JBCE), the Japan Electronics and Information Technology Industries Association (JEITA), the Korea Electronics Association (KEA), Semiconductor Equipment and Materials International (SEMI), the Trans-Atlantic Business Council (TABC), and TechAmerica Europe – issued multi-industry comments and recommendations to the EU proposed conflict minerals legislation.
The recommendations support the March 2, 2015 report issued by MEP Winkler, the rapporteur for conflict minerals.
We are back on the road, presenting in numerous venues in the coming months.
- 14th Conflict Free Sourcing Initiative Workshop, Burlingame, California September 29-30, 2014.
- SEC’s Conflict Minerals Regulations: Lessons Learned and a Look Ahead, BNA Bloomberg webinar, September 30, 2014
- National Industrial Fastener & Mill Supply Expo, October 22-24, 2014, Las Vegas
- IPC Tech Summit, October 28, 2014, Raleigh, North Carolina
Others are in development for September and October, so check back for updates.
A leading industry association in the electronics sector has published a draft of its conflict minerals due diligence best practices guideline. IPC – The Association Connecting Electronics Industries© – has made available IPC-1081 for comment.
IPC is accepting comments from non-members and industries/companies beyond their membership, but only those who are “qualified participants” in the standard development process may cast votes. IPC’s standards development procedure is parallel to the ANSI standard development process; therefore IPC standards – once finally approved by ANSI – become ANSI standards as well.
To access the document, click here. Click on the “+” next to Drafts, then click on the link that appears. A file will download that includes the draft standard and the official form that is to be used for submitting comments to IPC. Comments submitted in a manner other than this form may not be considered.
A letter from Congressional leaders published by SEC today indicates that the final conflict minerals rule may indeed be promulgated soon. The letter dated February 16, 2012 and signed by Senators Leahy and Coons, along with Congressmen Berman, McDermott, Payne, Meeks and Bass, contains two notable comments.
- First, in relation to the status of the regulations, the letter mentions “the outlines of the final rule”. This is the first credible and concrete indication that a version of the final rule has been both drafted and made available to key Washington officials.
- Second, the letter expresses concern “about the economic cost estimate contained in the final rule. The Commission’s estimate should only rely on those submitted estimates that use credible and publicly cited data, methodologies of companies in the field, and comparisons to costs of truly similar regulations.”
We find this second statement particularly intriguing in light of new comments from industry associations IPC and National Association of Manufacturers (NAM), also made public today.