In response to yesterday’s passage by the US Securities and Exchange Commission of the final conflict minerals regulation, today marks the official launch of an international consortium formed to provide comprehensive services globally for conflict minerals due diligence, traceability, auditing and disclosure for companies impacted by conflict minerals requirements.
The group, called the Conflict Minerals Solutions Consortium, was initiated by The Elm Consulting Group International LLC. Lawrence Heim, Director of Elm, stated “We don’t believe that any single entity is able to provide similar comprehensive services due to the complexity of global supply chains and material flow. Our goal was to assemble a unique and highly qualified group to serve the wide range of companies and potential requirements.“
Heim continued, “We tried to assemble project team members who are not directly working in existing conflict minerals audit/traceability programs such as those under OECD or electronics industry groups. We believe this independence will foster development of new solutions that may be more efficient and/or effective than those currently available.”
Members of the Consortium include recognized experts globally representing:
- HSE/sustainability auditing
- Management systems program development
- RoHS/REACH/EPEAT program development
- Mining industry auditing/traceability program development
- Traceability software
- CSR integration/reporting
- Legal advisory (US and Africa)
To help guide the group, a panel of Executive Advisors is being assembled from key impacted industry segments including upstream, metal products and apparel.
The Consortium began initial formation stages last month in anticipation of a final regulation from SEC. All invitees have expressed interest in joining, with most having formally accepted. Over the coming weeks, additional news releases will be published announcing the names of the specific members and Executive Advisers as operating terms and parameters are finalized. The website (www.ConflictMineralsSolutions.com) is currently under development.
For more information about the Consortium, contact us.