Source Intelligence has released its annual analysis of conflict minerals reports for the 2016 reporting year and despite US government efforts to relax requirements, companies continue to demonstrate increased efforts to minimize sourcing from conflict regions, the company said.
“Public-facing transparency is increasing for companies because of a global expansion of stakeholder scrutiny, regulation and consumer spending decisions,” said Jess Kraus, CEO of Source Intelligence, the world´s data collection and compliance solution. “Conflict minerals are becoming part of a company´s comprehensive sustainability and compliance programs due to continued external pressure on the topic.”
In its analysis, Source Intelligence found that although the US Securities and Exchange Commission (SEC) is relaxing Dodd-Frank rules, more companies continue to undertake significant effort to trace the source of their raw materials to avoid connections with war-torn areas and regions known for human rights violations.
Source IntelligenceÂ® (SI) is a data collection and compliance solution that makes it easy to get information and improve supplier relationships. SI´s cloud-based platform helps clients make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards.