Mining the Disclosures 2015 is a deep analysis of corporate due diligence procedures that identify and address conflict minerals’ risks, human rights performance, and in-region impact. When companies increase their ability to trace the minerals of specific components back to the smelter level and beyond, and insist on sourcing conflict-free minerals from the Democratic Republic of Congo (DRC), they are changing the status quo. Because of Section 1502 of the Dodd-Frank Act, more companies are recognizing that the human rights of miners and local families cannot be separated from the use of these minerals.
A study from Responsible Sourcing Network and research provider Sustainalytics measuring company performance on a major human rights risk found mixed results. In last year’s inaugural round of filings, 1,315 companies submitted conflict minerals disclosures as required by Section 1502 of the 2010 Dodd Frank Act. Mining the Disclosures: An Investor Guide to Conflict Minerals Reporting provides a transparent and scalable methodology for analyzing company social performance as part of an integrated approach toward environmental, social, and governance reporting.
In order to help standardize the methodology for evaluating filings related to company performance in creating social value and mitigating social risk in the supply chain related to conflict minerals, RSN has developed the Indicators Shortlist: Measuring Performance in Conflict Minerals Reporting. This Shortlist is an update to our 2014 Expectations Shortlist for Companies Conflict Minerals Reporting. Far more detailed than the initial shortlist, this indicator set provides a measurement tool to track and compare activities with a clear and easily replicable methodology that can be used by investors.
In early 2014, RSN published Cotton Sourcing Snapshot, which surveyed 49 home goods and apparel companies and reported on what they were or were not doing to ensure Uzbek cotton picked with forced labor was not in their manufactured products. With new actions taken and additional information provided, the Cotton Sourcing Snapshot: 2015 Addendum offers another look at the companies that previously scored the lowest, including improved scores, trends, and best practices.
With the inaugural round of conflict minerals disclosure reports submitted to the Securities and Exchange Commission (SEC), Responsible Sourcing Network and a coalition of NGOs and sustainable and responsible investors have released a list of criteria to assist in evaluating the reports. Expectations Shortlist features information that stakeholders expect to see in the SEC filings, on the issuers’ websites, or in sustainability reports.
Responsible Sourcing Network’s new report includes survey results and ratings of 49 companies reflecting what industries are doing to stop cotton from Uzbekistan picked with forced labor from entering their supply chains. The report provides an overview of industry challenges and best practices to help clarify the path forward.
Today RSN and the Enough Project are releasing the paper Expectations for Companies’ Conflict Mineral Reporting. It provides a set of reporting guidelines that SRI investors and human rights groups are expecting companies to disclose to the SEC by May 2014. The paper encourages companies to establish baselines in their inaugural reports and specify steps they will take to improve transparency in their conflict minerals sourcing.
A new report to help brands identify high risk cotton and trace the origin of the cotton in their products so they can eliminate cotton linked to forced or child labor, particularly in Uzbekistan where the government orchestrates forced adult and child labor.
This report examines the potential of Trusts to assist the Democratic Republic of the Congo as a useful organizational structure that could help tackle some of its current challenges such as food scarcity, land insecurity, and disempowerment of women.
What’s Needed: An Overview of Multi-Stakeholder and Industry Activities to Achieve Conflict-Free Minerals
This white paper authored by Karen Sumie Runde and Nicole Sowers and edited by Patricia Jurewicz is a comprehensive overview of initiatives for investors and companies and emphasizes a holistic approach to solving the problem.
A report from the Responsible Sourcing Network, a project of As You Sow, helps brands and retailers understand the Uzbek cotton industry and the risks associated with the use of forced child labor in supply chains.
This report presents how apparel industry leaders have made changes to their internal purchasing practices and corporate structures as part of the continued efforts to improve factory working conditions. Interviews with industry leaders detail how innovative purchasing practices impact both compliance and cost savings. Examples from Gap Inc., Jones Apparel, Levi Strauss & Co., Nike, Nordstrom, Phillips-Van Heusen, and Timberland show numerous benefits of having an effectively managed supply chain.
More than a decade ago, apparel companies began to adopt vendor codes of conduct to avoid risks associated with sweatshop conditions in their supply chains. But it’s been unclear which major brands actually adopted substantive policies and programs to address this daunting issue. Toward a Safe, Just Workplace provides a scorecard and report focus on company programs such as: factory auditing, remediation, continuous improvement, collaboration, company management accountability, and transparency. Participating companies include WalMart Stores, Inc., Target Corp., Nordstrom Inc., The Gap Inc., and Levi Strauss & Co.