The United States Dodd-Frank Act, Section 1502, is landmark legislation that requires manufacturing companies to understand and disclose the use of minerals mined in or around the war-torn region of the Democratic Republic of the Congo (DRC).
Companies listed on the U.S. stock market have until May 31 each year to disclose whether any Conflict Minerals are found in their products. And companies not directly regulated by the SEC will be impacted too as audit requirements are pushed down through the entire supply chain including privately-held and international companies.
What You Need to Do
The United States Dodd Frank Act, Section 1502, requires manufacturing companies to identify and disclose to the U.S. Securities and Exchange Commission (SEC) the source of 3TG minerals (tin, tantalum, tungsten and gold) used in their products when those minerals originate from or around the war-torn region of the Democratic Republic of the Congo (DRC).
The five critical requirements of the conflict minerals reporting process are:
How PTC Can Help
PTC provides the technology solutions and best practices expertise to address these requirements, enabling manufacturers to easily identify and report on any 3TG minerals in their supply chain.
The conflict minerals reporting deadline of May, 2014 is rapidly approaching. PTC’s solution can be quickly configured and implemented to address your immediate reporting needs, enabling your organization to:
The recent US law pertaining to Conflict Minerals is the latest example of ever expanding and evolving government regulations related to the use of product materials and their origin within the supply chain. Learn more about this new regulation.