- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
European Union officials have agreed on a regulatory framework regarding “conflict minerals” and the responsible sourcing of tin, tantalum, tungsten, and gold. It includes obligations for the “upstream” part of the conflict minerals supply chain, including smelters and refiners, but exempts imports of finished products. Joe Mont reports.
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Lest you think recent developments—a leaked White House memo, a resolved lawsuit, and the reopening of public comments to the SEC—mean an end to the conflict minerals rule, be assured that the May filing deadline remains in place.
Regardless of legal disputes and other challenges, companies still had a deadline last month for filing conflict minerals disclosures with the SEC. This year Joe Mont says, many companies appeared to be taking their reporting much more seriously with some already getting a jumpstart on 2017.
The climate-related disclosure rule proposed by the Securities and Exchange Commission will eventually pass but not before undergoing some changes, practitioners speaking at CW’s virtual ESG Summit predicted.
