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Conflict Minerals Compliance | Source Intelligence Is Your Full Service Solution

Global Corporations Turn to Source Intelligence to Achieve Compliance

 
PRLog - Jan. 29, 2013 - SAN DIEGO -- (San Diego, CA) Just in the last week alone, four Global Brands have signed with Source Intelligence.

Years before the issue of conflict minerals compliance came into the limelight, Source Intelligence, a Source 44 company, saw the writing on the wall. No longer were Global Brands immune: their supply chains were under scrutiny in the public eye.

“I kept hearing horror stories of retailers and manufacturers attempting to map their tier suppliers,” said CEO Jess Kraus. “In response, Matt Thorn, Source 44 COO, and I founded Source Intelligence with the sole intention to aid companies with supply chain transparency and compliance.”

“The problem was simple to define, even if the solution appeared complex,“ said Kraus. “In order to be the first to market, we surrounded ourselves with socially responsible and forward-thinking investors, brilliant environmental engineers and creative developers and programmers. Then we went to work building a solution to the complex issue of supply chain transparency.”

Just as Source Intelligence foresaw, on August 22, 2012, SEC commissioners voted to approve the final ruling on Section 1502 of the Dodd-Frank Consumer Protection (http://www.source-44.com/cm) Act. The SEC ruling requires publicly traded companies to disclose the origins of conflict minerals contained in their products.

(Having trouble remembering which minerals qualify as conflict minerals? Think of the 3T’s: Tin, Tantalum and Tungsten and then add Gold.) (http://www.sourceintelligence.com/what-are-conflict-miner...)

Knowing that companies would be scrambling to understand how the ruling would impact their business, on the morning of the ruling the Source Intelligence team launched a series of live webinars educating companies about the ruling and compliance. (http://www.sourceintelligence.com/content/webinar-library-0)  

In addition, Source Intelligence co-founded the first and only Conflict Minerals Consortium (http://www.conflictmineralsconsortium.com/) to promote conflict minerals solutions. In the fall of 2012, Source Intelligence experts were invited to speak internationally about the problem, the ruling and the company’s full-service solution.

While some companies struggled to adapt their services to include conflict minerals, Source Intelligence is the only company with a comprehensive solution.

“By trying to modify an existing solution, several Global Brands ended up with partial solutions and ultimately came to us for our full-service solution on conflict minerals compliance,” Kraus commented.

Source Intelligence recently received a statement from a Global Brand client that resonated throughout the company: “The more I see how much work you have to do for this [conflict minerals], the less I want to have it done internally.” There is limited time and options to comply, and companies cannot afford to wait.

Register for our upcoming webinar (http://www.source-44.com/content/source-44-webinar), Conflict Minerals: 3 Risks That Will Shock You on February 7, 2013 at 1 PM ET/ 10 AM PT.

About Source Intelligence

Source Intelligence, a Source 44 Company, is the number one provider of supply chain sustainability and compliance resolutions.

Our unique blend of cost-effective technology, data and expertise delivers supply chain sustainability and key compliance tailored to the distinct challenges that retailers and manufacturers face: from assessing suppliers for increased supply chain transparency and brand protection to complying with conflict minerals requirements.

Source Intelligence offers an all-encompassing solution for compliance. We do this by centralizing our data online using our customizable platform. Our platform is complemented by our 24/7 Supplier Engagement Team, enabling companies to meet their sustainability goals like never before.

Source Intelligence is headquartered in Solana Beach, CA, with additional offices in San Diego and San Francisco.

For More Information

Source Intelligence

Lauren Gambaccini

Marketing Communications Manager

Email: marketing@sourceintelligence.com

Phone: 877. 916. 6337 ext: 1007

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Source:Source Intelligence
Location:San Diego - California - United States
Industry:Business
Tags:conflict minerals compliance, Supply Chain Transparency, supplier assessment
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