US leads the way on conflict minerals

This story is making the news across several outlets:

US law to squeeze ‘conflict minerals’

It’s interesting to see companies like Intel and their various associations are clearly unaware of how to track where their supply chain is sourcing materials from.

This is an issue in many sectors now, particularly cotton (due to the Uzbek problem).

We covered it a while ago in this feature article and again in this article. And this one, about product declarations, is also highly relevant.

We’re seeing a fascinating shift now, issue by issue, sector by sector, for companies to get a complete picture of relevant product impacts, from supply chain to consumer use, from an environmental, social and governance perspective.

2009 was sometimes quite dull, in the midst of the recession. 2010 is turning out to be anything but.

Who could have predicted this move, the UK bribery Act passing, and Conrad Black getting out of prison, to name a few events so far this year? And it’s only August.

On conflict minerals, the US is way ahead of Europe, which is dithering on the issue. The US lead the way back in 1977 with the Foreign Corrupt Practices Act, only superceded by the UK Bribery Act in 2010.

The EU may not drag its feet so long on this issue, given the loud voices of NGOs on the topic. Watch this space, to use an overused phrase…

Location location location…

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