Conflict Minerals Compliance

Welcome to the PTC Conflict Minerals Resource Center

The Conflict Minerals rule is the latest in an ever expanding list of material focused government regulations that are driving new customer requirements and supply chain concerns. Keeping current with the increasing pace of change in regulations, product designs, and suppliers, while ensuring that deadlines are met and costs are reduced is an enormous challenge.

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Assess Risk, Collect Supplier Data, and Accurately Report to SEC

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.

NACD BoardVision: Compliance and Conflict Minerals

NACD BoardVision: Compliance and Conflict Minerals

In this video, Motorola Mobility, Ernst & Young, and PTC discuss the best practices for Conflict Minerals compliance.

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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:

  1. Determine Applicability - Do products and parts contain 3TG minerals?
  2. Perform RCOI - Determine if the country of origin of the 3TG minerals is in the DRC region
  3. Conduct Due Diligence - For 3TG minerals sourced from the DRC region, conduct due diligence over the chain of custody
  4. Determine Status – Assess supplier, part and product level conflict mineral status
  5. Report – Fulfill SEC and customer reporting requirements

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.

PTC’s solution can be quickly configured and implemented to address your immediate reporting needs, enabling your organization to:

  • Identify the presence of 3TG in parts, products and supply chain
  • Automate the collection and validation of reasonable country of origin inquires (RCOI)
  • Systematically perform due diligence and determine the source of 3TGs from the DRC
  • Assess and report on conflict minerals status of parts, products and suppliers
  • Provide evidence of due diligence and a data-rich audit trail

In addition to these immediate reporting benefits, PTC’s solution also enables your organization to integrate conflict free initiatives with critically impacted product development processes, such as new part introduction, supplier authorizations and change requests.

Contact PTC to find out how our technology solution can be quickly and easily implemented to help you reduce reporting costs, protect revenue and mitigate brand risk.