Andrew Arriaga, lead author, said, "Protecting people at the heart of the supply chain is good business. With conflict minerals, we've seen some companies move from pleading powerlessness to integrating risk management into daily business practices, combining efforts across multiple industries, and creating replicable models that can address other issues, like forced labor."
While leading brands proactively monitor and mitigate risk, laggards provide little evidence of good faith efforts. Berkshire Hathaway faulted suppliers for weak reporting and declined to identify smelters. In contrast, Microsoft exercised leverage with its suppliers to enforce conflict-free policies and apply pressure on smelters to perform due diligence. ExxonMobil prohibited suppliers from sourcing from the DRC region, contributing to a devastating embargo that prevents the development of a legitimate minerals trade and worsens the humanitarian crisis in the DRC. In contrast, Apple helped improve risk monitoring between mines and smelters; Phillips increased its demand for conflict-free tin sourced from within the DRC; and Boeing and GE supported research on child labor in the region. Intel continued its public campaign to support conflict-free mining in the DRC.
"Full disclosures are fundamental to our evaluation of corporate risk management," said Susan Baker, Vice President at Trillium Asset Management. "This comparative analysis allows investors to better assess risk and the extent to which issuers are promoting ethically sourced minerals and economic development in the DRC and neighboring regions."
Mining the Disclosures is RSN's annual analysis of conflict minerals reporting, ranking 200+ individual companies across 25+ industries in risk mitigation, human rights impact, and reporting quality. The report's insights have been adapted for use by experts across many disciplines, helping drive improvement in the ways companies protect miners and investors.
For media inquiries or interview requests, please contact: Taraneh Arhamsadr, Communications Director, 510-735-8157, email@example.com
About Responsible Sourcing Network (www.sourcingnetwork.org): RSN is a project of the nonprofit organization As You Sow (www.asyousow.org). RSN is dedicated to ending human rights abuses associated with the raw materials found in products we use every day. RSN supports stakeholders in leveraging their influence to achieve and measure impact related to cotton, minerals, and slave labor.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ranking-of-200-brands-finds-check-the-box-reporting-insufficient-to-protect-both-miners-and-investors-from-conflict-minerals-risk-300356749.html
SOURCE Responsible Sourcing Network