AIM-PROGRESS - Program for responsible sourcing
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24 August 2012

Conflict Minerals - US SEC adopts final rule

The 2010 Dodd-Frank Act regulates the disclosure by companies of the use of conflict minerals (tantalum, tin, gold tungsten) originating in the Democratic Republic of Congo or adjoining countries. It required the US Securities and Exchange Commission (SEC) to issue a final rule on the exact reporting modalities. This rule was adopted on 22 August and requires companies reporting under the Securities and Exchange Act of 1934, whether foreign or domestic, to use a new form, called “Form SD” to disclose their use of aforementioned minerals if those minerals are necessary to the functionality or production of a product they manufacture or contract to manufacture. AIM-PROGRESS members could be concerned by this disclosure requirement, for example for certain types of packaging or promotional materials.

 

Subject companies will have to comply with this rule for calendar year 2013, with first reports due end of May 2014, and annually thereafter.

 

For details regarding disclosure obligations, please have check out the SEC’s website.

 

The OECD have also developed due diligence guidance for sourcing minerals from areas of conflict  minerals and is currently coordinating a multi-stakeholder process to help companies and trade associations implement the guidance.  The OECD guidance and related materials can be found on the OECD website .

 

While the OECD process is independent of the SEC, the SEC has recognized the importance of the OECD guidance: the Final Rules state that “due diligence measures must conform to a nationally or internationally recognized due diligence framework, such as the due diligence guidance approved by the Organization for Economic Co-operation and Development (OECD).”    

 

 

 

 

  


17 August 2012

AIM-PROGRESS presence at GMA/FMI Sustainability Summit in October

Speakers from The Coca-Cola Company and Colgate-Palmolive will represent AIM-PROGRESS at the GMA/FMI Sustainability Summit on 3-5 October in Washington DC. They will host a session on 5th October to demonstrate how companies benefit from leveraging synergies and sharing examples of best practice on a pre-competitive basis, while also reducing costs for themselves and their suppliers. Working collaboratively offers a unique opportunity to positively impact millions of workers globally.

The session will introduce companies to the concept of Mutual Recognition and will also show how AIM-PROGRESS is working with suppliers to empower them with the knowledge and understanding to manage their own responsible sourcing programs. Details of the summit can be found here.

 

 

 

 


06 August 2012

Another new member for AIM-PROGRESS

Kimberly-Clark, a global leader in personal care brands, has now joined AIM-PROGRESS. This brings total AIM-PROGRESS membership to 32 companies.

 

 

 

 


31 July 2012

New Transparency International Report

As part of Transparency International's work to stop corruption and promote transparency, accountability and integrity they have recently  publilshed a new report titled 'Transparency in Corporate Reporting: Assessing the World's Largest Companies'. The study analyses the transparency of corporate reporting on a range of anti-corruption measures among the 105 largest publicly listed multinational companies. A copy of the report is available from the organisation's website:.

 

 

 

 


12 July 2012

AIM-PROGRESS Responsible Sourcing Sugar Forum, India

AIM-PROGRESS members including Bacardi, Kraft, Kellogg’s, Mars, Nestle and The Coca-Cola Company convened a supplier forum in India on 11 July to promote responsible sourcing standards in the sugar industry.  The forum was hosted by The Coca-Cola Company and brought together approximately 100 supplier and brand representatives to discuss the importance of responsible sourcing, to share best practices and to agree on common evaluation methods to improve performance.

 

In addition to hearing about AIM-PROGRESS and customer expectations, suppliers heard about methods used to verify compliance to social and environmental standards and how to address common issues in India from SGS, an international audit firm. Bonsucro and Solidaridad also presented on the work that they have been doing to improve conditions within the Indian sugar industry. Following the success of the sugar forum, AIM-PROGRESS plans to hold more industry specific events.

 

 

 

 


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