September 19, 2014
Most corporations struggling to meet the Dodd-Frank Section 1502 reporting requirements still don’t know if their products contain conflict minerals or not, UL says. The opacity of complex global supply chains can easily obscure the source of minerals and other raw materials, and hide all kinds of surprises.
Dodd-Frank requires affected companies to verify all impacted raw materials are coming from ethical sources. However, a supply chain may have thousands of first-tier suppliers, with tens of thousands more behind them. Tracing raw materials back to their source is daunting, labor-intensive and time-consuming.