The first conflict minerals filings are trickling in, with 39 of them filed as of May 28, but an influential advocate of the Securities and Exchange Commission requirement isn’t pleased by what it has seen thus far. A statement issued by the activist group Global Witness describes the first batch of disclosures as “disappointing” and lacking substance.
Public companies in the U.S. that manufacture products containing tin, tantalum, tungsten and gold from the Democratic Republic of the Congo and surrounding areas have until June 2 to file their first Conflict Mineral reports with the SEC, which created the new Form SD to meet Congressional requirements laid out in the Dodd-Frank Act. Covered companies must report on the due diligence taken to check their supply chains and assess risk.
