EU: Law on conflict minerals adopted

EU: Law on conflict minerals adopted
7th June 2017 Christliche Initiative Romero
Two soldiers with guns

by Sasha Lezhnev (Enough Project), CC BY-NC-ND 2.0 on

Four years after the official announcement through former EU-secretary of trade Karel de Gucht, the European Unions’ conflict minerals law is put into effect. For the first time, due diligence for upstream companies in the raw materials sectors is tackled by law. This means European companies have to take responsibility for their raw material supply chains and need to take measures to prevent human rights violations and the funding of conflict. A broad coalition of civil society organisations appreciates the regulation, but criticizes that it only tackles four raw materials and too little companies. Furthermore reporting is not compulsory until 2021.