Conflict minerals are tantalum, tungsten, tin or gold mined from ore, and extracted in Congo or nine surrounding countries, including Angola, Rwanda and Sudan. Minerals from these countries, long mired in civil war, violence, and the use of child soldiers, appear in a variety of consumer products including smart phones made by electronics companies.
Congress, with 19 bi-partisan Senate co-sponsors, enacted §1502 -- a provision requiring disclosure regarding conflict minerals -- to protect human rights and promote American business. As Congress works to develop fiscal year 2018 appropriations bills, §1502 is at risk.
On December 21, 2017, a group of 80 signatories representing over $2 trilliion USD, including ICCR, US:SIF, the Responsible Sourcing Network and Boston Common Asset Management, sent a letter to Congressional leaders McConnell, Ryan, Schumer, Pelosi, Cochran, Frelinghuysen, Leahy, and Lowey, urging them to reject any language that would limit the SEC's ability to implement the Conflict Minerals reporting requirements of Dodd Frank §1502.
This letter is open for investor signatories and will be delivered to all congressional members in mid-January 2018. The deadline to sign on is: Tuesday, January 9th . Investors wishing to sign on can click on this link to add their names.