On August 22, 2012, the SEC issued a final rule on conflict minerals pursuant to Dodd-Frank Section 1502. The rule describes the assessment and reporting requirements for issuers whose products contain conflict minerals. These minerals – tin, tantalum, tungsten and gold – are used in a wide range of products across numerous industries.
Some estimates suggest that at least half of all SEC issuers will be impacted by this rule. In addition, a large number of private companies within issuers' supply chains are likely to feel the pressures of reporting and due diligence as well.
Is your company affected by the rule? The following resources can help:
PwC can help companies at every stage of their conflict minerals compliance efforts, including:
If you have questions regarding conflict minerals, please contact your PwC engagement team or use the contact information listed above.
2014 Conflict minerals filing review - Early insights from some of the largest companies — June 2014
June 2, 2014 was the first filing deadline for SEC registrants to comply with the SEC's conflict minerals rule. Our benchmarking of some of the largest companies' conflict minerals filings provides insight into industry trends. We looked at filings for each of the following industries: Aerospace & defense, Automotive, Industrial products, Retail, and Technology.
In brief: SEC issues guidance on conflict minerals disclosures — April 2014
This brief publication summarizes SEC guidance confirming the existing filing deadline for companies subject to the conflict minerals rule. Also includes information about a recent court decision pertaining to companies' disclosure of information about their products.
2014 Conflict minerals survey: Where companies stand on their compliance efforts—this year and beyond — April 2014
With the filing deadlines required by Dodd-Frank Section 1502 rapidly approaching, in February 2014 we once again asked stakeholders about their conflict minerals compliance preparation, progress, and challenges.
|BoardroomDirect: Federal appeals court hears challenge to conflict minerals rule — January 2014
The January edition of PwC's newsletter for board members and audit committees addresses the recent court challenge.
|Conflict minerals survey: How companies are preparing — July 2013
In the spring of 2013, PwC surveyed companies to determine their level of understanding of the conflict minerals rule and their progress towards compliance. The results provide an early benchmark for companies working through their compliance efforts.
|10Minutes on conflict minerals — May 2013
10Minutes on conflict minerals provides insight into the strategic benefits and risks companies will want to focus on as they comply with the SEC's conflict minerals rule. The rule is effective for 2013 calendar year operations, so regardless of whether companies view conflict minerals as a supply chain opportunity, risk to their brand or another regulatory to-do, they should act now to prepare.
|Conflict minerals: Time to get started — May 2013
This article outlines steps companies can take to initiate their conflict minerals compliance efforts, components of an effective program, and our observations on key success factors.
|Dataline: SEC adopts conflict minerals rule — September 2012
This publication provides more detail regarding the SEC’s final rule, how issuers can determine whether they are subject to its requirements, and what they need to do. It examines supply chain implications as well as the required annual disclosures.
|Golden Opportunity: Building an industry commitment to conflict-free gold production — October 2012
Two new reports that can be used by companies implementing the Conflict-Free Gold Standard to consider how their approach aligns with the OECD Due Diligence Guidance, and by stakeholders with an interest in this area.
|(For directors) To the point: The conflict minerals rule is now final — Fall 2012
Directors should understand what the SEC's rule entails and discuss with management whether and how their company is affected.
|In brief: SEC adopts rule for disclosing use of conflict minerals — August 2012
This brief publication summarizes the SEC’s rule, its provisions, implementation plans and how companies can respond.
|To the point: Current issues for boards of directors — June 2011
The second article in this quarterly publication summarizes the SEC’s original proposed rule and offers suggestions for directors.
|A Closer Look: The Dodd-Frank Wall Street Reform and Consumer Protection Act - Impact on Disclosures Related to the Use of “Conflict Minerals — April 2011
This issue in the A Closer Look series presents an overview of the regulation and how it will impact company reporting procedures.