On Wednesday, June 15th, The European Union (EU) agreed to outline a deal to facilitate a focus on transparency in the supply chain. This legislation concerns the sourcing of conflict minerals, not just in the Democratic Republic of the Congo, but from high-risk regions, worldwide.
"We need to step up to our responsibilities and finally break the vicious cycle of the trade in minerals and the financing of conflict," - EU Trade Commissioner Cecilia Malmstrom
Globalized business practices have opened opportunities for unprecedented economic growth. This globalization has, however, increased the complexity of supply chains for multi-national companies. Supply chain complexity has increased the risk of modern day slavery happening somewhere in the supply chains of global companies.
The EU is one of the world’s largest trading bodies, accounting for 16.5% of the world's imports and exports. The EU has become a centralized market for products that contain conflict minerals. Conflict minerals are key components of products like jewelry, cars, phones, laptops and medical devices.
On March 1st, 2016, The University of Edinburgh adopted a policy aimed at cutting conflict minerals from their supply chain. Edinburgh has become the first university in the UK to develop a program aimed at mitigating the risk of conflict minerals in their supply chain.
Source Intelligence recently interviewed Liz Cooper, Research and Policy Manager, Department for Social Responsibility and Sustainability for the University of Edinburgh to gain some more insight into the development of their conflict minerals program:
By Glenn Lurie, President and CEO, AT&T Mobility at AT&T
AT&T has been in the Internet of Things (IoT) business for more than 8 years. We’re already connecting automobiles, homes and “things.” Now, we’re putting it all together in the places where 60-80% of global greenhouse gases will be generated, and where 66% of world’s population will live by 2050: Cities.
Enter the Smart City. A Smart City optimizes how we use valuable resources, like energy and water, to help improve quality of life, positively impact our planet and open new economic opportunities.
The final day of the 5th GRI Global Conference culminated with the closing plenary session on 'Trust & Transparency: Building better businesses and policy worldwide', which featured a diverse group of speakers including, Member of the European Parliament Richard Howitt, Executive Director of Uprose Elizabeth Yeampierre, and GRI Chief Executive Michael Meehan, to name only a few.
NAEM's 2016 EHS & Sustainability Staffing, Structure and Budgets report will allow you to benchmark your company's function based on industry, revenue, head count and risk profile. It will also provide detailed information on the scope of EHS responsibilities, including the areas where the function is most often collaboratin and the relationship between EHS and sustainability within companies today.
If you ever find yourself riding shotgun with me in the car, there’s a strong chance I’ll be listening to a podcast. It’s one of my favorite forms of media, and I use it for entertainment, news, sports, and general mind-expansion. The Podcasts app on my iPhone might be the most commonly opened app.