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WSP publishes white paper on conflict minerals reporting

WSP has published guidance on practical strategies for companies to be in compliance with the SEC’s final rule on conflict minerals.

 
 
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PRLog - May 1, 2014 - BOULDER, Colo. -- With the reporting deadline fast approaching, the white paper follows WSP’s one-hour informational webinar on the topic which can be replayed on WSP’s YouTube Channel https://www.youtube.com/user/WSPUSA (https://www.youtube.com/user/WSPUSA). Both are intended to educate organizations on the conflict minerals compliance process, what companies should be doing now, and the 2013 reporting requirements.

Commenting on the release of the white paper, Evan Evans, Senior Vice President for Sustainability and Energy at WSP, said: “WSP’s white paper, Conflict Minerals All is Not Lost (for 2013), is a practical and actionable guide to help companies identify potential sources of conflict minerals in the supply chain, understand the process and level of due diligence, and to be in compliance with the 2013 reporting requirements. As a leading global advisor on product sustainability and supply chain optimization, WSP provides realistic guidance on navigating the framework of this recent ruling and strategies to ensure compliance, even if your organization had a late start.”

The paper’s overview of the conflict minerals compliance process is based on WSP’s work with many clients to support the “end to end” conflict minerals process including strategy development, reasonable country of origin inquiries, risk assessment, due diligence and SEC filing, and our strong industry background in materials sciences and supply chain engagement to collect and interpret complex data. WSP employs experts on all phases of product compliance and supply chain management who have a comprehensive understanding of SEC’s final rule on conflict minerals. We actively translate that understanding into tactical approaches that clients can deploy in order to ensure compliance with conflict minerals reporting requirements.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in July 2010 and the SEC published the final conflict minerals rule in August 2012 with the rule becoming effective for the 2013 reporting period. The conflict minerals include tin, tantalum, tungsten, and gold (and their derivatives) and are commonly referred to as 3TG. The final rule mandates that companies that are directly affected by the rule must identify any conflict minerals in their supply chain, conduct a reasonable country of origin inquiry to investigate the sources, and provide a written disclosure to the SEC by May 31st using Form SD. In some cases companies may also be required to include a Conflict Minerals Report and an independent private sector audit.

For a better understanding of the conflict minerals final rule and the compliance requirements, please download a copy of the WSP’s white paper, Conflict Minerals All is Not Lost (for 2013). http://www.wspgroup.com/Globaln/USA/Environmental/Sustain...


About WSP USA: Headquartered in New York City, WSP USA has more than 1,000 staff in 35 offices across the U.S.  Globally, WSP is a leading engineering, design, and environmental consultancy with approximately 15,000 employees working in more than 300 offices spanning 30 countries. The Environmental team at WSP specializes in helping clients successfully identify and manage risk within their operations, mitigate environmental obligations related to legacy sites and facilities through pragmatic and innovative technical solutions, and prepare for tomorrow by designing and implementing sustainability strategies to achieve competitive efficiencies on both a regional and global scale. For more information on WSP USA and WSP Environmental, please see www.wspgroup.com/usa.


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Source:WSP USA, Corp.
Location:Boulder - Colorado - United States
Industry:Electronics, Manufacturing
Tags:conflict minerals, dodd-frank, sec, 3TG, wsp
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