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Conflict Minerals and SEC Disclosure Regulation
Prof. Celia Taylor, University of Denver Sturm College of LawMention the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or the “Act”),[1] and most people think of legislation aimed at “fundamental reform of the financial system”[2] focused on regulation of Wall Street practices and complex financial products. But tucked within the voluminous text of the Act (which consists of 2,300 pages and stipulates the passage of 387 rules by 20 different agencies[3]) is a provision having nothing to do with these issues or anything remotely related to them. Instead the “conflict minerals” provision of the Act requires companies that are subject to the reporting requirement of the federal securities laws to disclose whether they manufacture products using so-called “conflict minerals” sourced from the Democratic Republic of Congo (“DRC”) or contiguous countries.[4] more[...]
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Blood on your mobile phone? Capturing the gains for artisanal miners, poor workers and women
Dr. Dev Nathan, Institute for Human DevelopmentCapturing the Gains research into the global production of mobile phones traces the connections between armed factions, poverty and violence in the Democratic Republic of the Congo and mobile phone users worldwide. The critical link is coltan, or columbite tantalite. It is the raw material for tantalum, an essential mineral in the manufacture of mobile phones, computers and other electronic equipment. more[...]
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Gold is now the Most Lucrative Conflict Mineral from Eastern Congo
Enough ProjectGold smuggled from eastern Congo’s war zone is now the most lucrative conflict mineral and is ending up at jewelry stores and banks, according to a new investigative report by the Enough Project. The study found that following a 65 percent drop in profits from the conflict minerals tin, tungsten, and tantalum, armed groups have increasingly turned to smuggling the fourth conflict mineral, gold, to generate income that finances mass atrocities in eastern Congo. The armed groups use poorly paid miners, who work in dangerous conditions, including thousands of children as young as eight years old. The study maps out how conflict gold makes its way from eastern Congo to consumers worldwide who purchase it in the form of wedding rings and watches, and investment banks that buy gold bars. more[...]
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From Child Miner to Jewelry Store
Enough ProjectThis is the first of two papers on the illegal conflict-gold trade from eastern Congo that is fueling one of the most violent conflicts in the world. This paper tracks the transnational trade from mines in eastern Congo to consumers. The second paper will map a way to resolve this problem by setting out recommendations to formalize the trade, cut down conflict-gold smuggling, and create jobs to provide living wages to Congolese miners. more[...]
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Global Witness condemns API lawsuit to strike down Dodd-Frank oil, gas and mining transparency provision
Global Witness is outraged by a lawsuit filed by the American Petroleum Institute (API), the U.S. Chamber of Commerce and others to gut Section 1504, an important anti-corruption provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (1) By seeking to nullify this provision, API, whose members include BP, Chevron, ExxonMobil and Shell, and other industry groups are demonstrating that they have something to hide. Any claims by API that they support transparency efforts are preposterous when they are not only trying to weaken the rules but to strike Section 1504 in its entirety. more[...]
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Social dialogue needed to prevent further violence in SA mines, says ILO
As an inquiry begins into the fatal August shooting of dozens of striking miners in South Africa, the International Labour Organization (ILO) has called for high-level social dialogue in order to prevent further violence and unrest. more[...]
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Managing CSR Within the Supply Network
Jeffrey Revels, TMS Group
TMS GroupThe TMS Group continues to expand and enhance both its inherent responsibility in corporate social responsibility and that of all our external supply chain partners. This is a daunting task for an organization that continues to establish itself as one of the premier sourcing organizations for apparel and fashion accessories in Asia. This includes a company structure of operations and sales offices in the United States, Hong Kong, China, India, Bangladesh, and Indonesia. The TMS Group’s extended supply network supports and services a global customer base, marketing products on five continents and in more than 45 countries – in virtually every corner of the globe. more[...]
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Responsible Engagement - Core Element of Securing Human Rights
Natalia Gonchar, Sakhalin Energy Investment Company
Marina Ee, Shakalin Energy
Elena Alyokhina, Sakhalin Energy
Sakhalin EnergySakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of the Sakhalin-2 project, which involves the development of two oil and gas fields offshore from the Sakhalin Island. more[...]
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Deutsche Telekom Introduces Women ’s Quota
Mechthilde Maier, Deutsche Telekom
Deutsche Telekom AGDeutsche Telekom has been the first DAX 30 company to establish a quota for women: By the end of 2015, 30 percent of upper and middle management positions in the company are to be filled by women. This is a Group-internal requirement and applies worldwide. René Obermann, Chairman of the Board of Management of Telekom, summed it up as follows: “Taking on more women in management positions is a matter of social fairness and, above all, a categorical necessity for our success. Having a greater number of women at the top will simply enable us to operate better.” more[...]
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United States: US Securities And Exchange Commission Adopts Final Conflict Minerals Disclosure Rule
On August 22, 2012, and as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the US Securities and Exchange Commission adopted the final rule regarding disclosure of the use of conflict minerals that originated in the Democratic Republic of the Congo (DRC) or an adjoining country. The rule was originally proposed on December 15, 2010. more[...]
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Trailblazer in Responsible Business
Ravi Khan, Viyellatex
ViyellatexAdopting sustainable business practices to manufacture goods in conformity with the natural environment will pave the way to the future for companies in the 21st century. The Viyellatex Group follows such a forwardlooking way regarding business applications. Started in 1996 with just six lines, Viyellatex now has over 135 lines with an average production capacity of 2.5 million per month. more[...]
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The Human Age
Jeffrey A. Joerres, ManpowerGroup
ManpowerGroupRecent events in many countries across the world are a stark reminder that the power of the human spirit should not be underestimated. As we put the “Great Recession” behind us and look toward a more positive – and yet vastly different – new era, we are reminded that it was the innovation, creativity, and passion of people who got the world through those challenging times. During the downturn, companies had to cope with “doing more with less” – raising productivity yet with fewer people to get the work done. This required new approaches, new perspectives, and above all, new ingenuity. The recession is in our rearview mirror but that pressure to do more with less has endured – we have entered the Human Age. more[...]
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