Conflict Minerals Reporting: Cue the Applause!
By Michael Schweibinz
Earlier this month, the District of Columbia Circuit Court of Appeals denied the suspension of the SEC conflict minerals reporting rule. The Court’s decision upholds section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
This Court decision eliminates any uncertainty that companies might have had about proper reporting. Consequently, the SEC expects companies to file reports by the deadline on June 2, 2014.
“Many companies, including those with complex global supply chains, have demonstrated the willingness and ability to comply with the rule by conducting due diligence and preparing disclosures.” Once these reports are made publicly available, investors will be able to make more informed investment decisions based on “accurate disclosure and effective mitigation of material risks.”
Responsible investors have backed the Court’s decision and applauded those companies that have made the effort to assemble conflict mineral reports as required by Dodd-Frank. You can read more here.
At First Affirmative, we understand that the ways we save, spend, and invest can dramatically influence both the fabric and consciousness of society. We believe that in addition to the benefits of ownership, investors bear responsibility for the impact our money has in the world. Are you making conscious decisions about the impact of your consumer purchase and investment decisions?
Posted: May 30, 2014