“While companies await the SEC’s final rule, one thing is clear: companies will have to engage in some level of due diligence with respect to the presence of conflict minerals in their supply chains,” said Dr. Jennifer L. Kraus, Source 44 Chief Scientific Officer. “No longer will knowledge of Tier 1 suppliers be enough; instead, transparency will have to carry farther up the supply chain.”
Conflict minerals are minerals mined in conditions of armed conflict and human rights abuses, notably in the eastern provinces of the Democratic Republic of the Congo. The process of determining if conflict minerals are present in products sold and distributed in commerce is complex. Given the vast network of suppliers and distributors, supply chains can become an intricate web that grows harder to manage the more complex a product is.
“Source 44 has a built a unique and innovative program that will make the process far easier and more cost effective while meeting the overall intent of Section 1502,” said Dr. Kraus. “Our process is simple and effective.”
Source 44’s Conflict Mineral Program is the most scalable and affordable solution available today. Instead of creating long and complicated spreadsheets, Source 44 uses SourceLink Technology to automate the tracing process. Proprietary algorithms in Source 44’s data management platform, Source Intelligence™
“Source 44 has done the work to make conflict minerals due diligence efficient, scalable and affordable so companies don’t have to allocate internal resources to detect conflict minerals themselves,”
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About Source 44
Source 44 is a leading provider of sustainability data services and solutions. The company brings value to retailer and manufacturer companies by delivering a unique blend of cost-effective technology, expertise and data to rapidly improve supply chain sustainability and transparency. Source 44’s solutions for conflict minerals tracing, product footprints and supplier assessment are accessed through its innovative web-based supply chain intelligence platform: Source Intelligence™