It has been suggested by the sec that the number of companies that may contain trace elements of conflict minerals could be in excess of 280,000, notes thomas bley, senior project manager for software maker ipointsystems and participant in a number of industry work groups. Securities and exchange commission sec, public companies are required to source their raw materials responsibly and disclose the use of conflict minerals, including tungsten, gold and 3tgtin tantalum. Introducing the ipoint conflict minerals platform the. On november 4th, the 20,000th company registered as a user of the ipoint conflict minerals. It is the sense of the congress that the exploitation and trade of. Conflict minerals compliance software ipoint systems. September 07, 2012 ipointsystems has launched the ipoint conflict minerals platform ipcmp, a webbased data management solution that will enable companies across the manufacturing industries to identify whether their products contain conflict minerals. Federal signal corporation conflict minerals report for the. Conduct an annual supply chain survey requesting those direct suppliers to provide a conflict minerals declaration, using the cmrt, designed to identify the conflict minerals contained in the products they supply to intel, the smelters and refiners that processed. Conflict minerals compliance software ipointsystems. The following functions are supported by the software. Conflict minerals compliance source intelligence cmrts. The ipoint sustainhub is a universal cloudbased data hub for exchanging compliance and sustainability data throughout the supply chain.
Conflict minerals compliance tracking progam actio. The rule was adopted by the securities and exchange commission the sec to implement reporting and disclosure requirements related to conflict minerals as directed by. In addition, federal signal has purchased a license for software from ipoint systems. The ipoint conflict minerals platform ipcmp is a webbased, ondemand software solution, providing conflict minerals data collection, management, aggregation and reporting. The sec rules define conflict minerals as 3tg metals, wherever extracted. Conflict minerals like tin, tantalum, tungsten, and gold, sourced from the democratic republic of congo often end up in our cell phones and other electronics. With tens of thousands of registered companies, ipoint has secured its position as the market leader for conflict minerals compliance software solutions. Aiag has codeveloped the ipcmp software tool with ipoint, a software solution provider. Working with a compliance software company specifically equipped to handle the conflict minerals rule provision is another option which enables companies to fulfill the challenge of collecting, managing, aggregating and reporting conflict minerals information, and meet the requirements of their customers and the regulatory authorities. The twoday event provides insight into the legal framework of conflict minerals compliance eu, u. Under this rule, conflict minerals are essentially tin, tungsten, tantalum and gold that are mined either in the democratic.
Interteks analysts evaluated raw data from publicly available sec submissions and interviews with vendors. Learn more about our innovative compliance and sustainability software solutions. The ipoint conflict minerals platform ipcmp is a webbased, ondemand software. The software specialist ipointsystems has reached another important milestone.
Supplier compliance conflict minerals announcemnt important announcement action required dear valued supplier. Compliance map offers solutions to educate your suppliers. Conflict mineral is defined as any mineral or its derivatives determined by the us. Learn how to build the business case for conflict minerals compliance software automation. The conflict minerals reporting template cmrt is a free, standardized reporting template developed by the responsible minerals initiative rmi that facilitates the transfer of information through the supply chain regarding mineral country of origin and the smelters and refiners being utilized. For example, tin extracted in canada, russia or argentina is considered a conflict mineral by definition.
The ipoint software mobile features integrate seamlessly with your ios device iphones and ipads to access most of the platforms modules without limitations for a truly onthego experience and reduce paperwork, improve customer service and react faster to contingencies. We employed ipointsystems ipoint, a leading provider of software for environmental and social product compliance to collect cmrts posted by our suppliers. It allows for integration of multiple sustainability data collections in one place. The ipoint sustainhub offers single signon access to the conflict minerals, material compliance reach, rohs, supply chain questionnaire and product chem risk applications, as well as further ipoint solutions with cloud capability. Conflict minerals policy statement the conflict minerals disclosure rule on august 22, 2012, the u. Create and aggregate rollup reports according to the eiccgesi reporting standard. The conflict minerals reporting template cmrt is created by the conflictfree sourcing initiative cfsi supporting companies to deliver accurate information to their customers about mineral country of origin and the smelters and refiners they use. Securities and exchange commission sec adopted a final rule the rule under section 1502 of the doddfrank wall street reform and consumer protection act the doddfrank act requiring publicly traded companies subject to securities exchange act of 1934.
On 20th january, the 11,000th company registered as a. Delivered via transports in ipoint s own sapnamespace. Work faster, more efficiently and more accurately by using the ipoint conflict minerals application to fulfill your due diligence obligations across the supply chain. In order to observe the impact of thirdparty compliance software providers on compliance scores, intertek crossreferenced the data with dr. The ipoint sustainhub offers single signon access to the conflict minerals, material compliance reach, rohs, supply chain. The tools used to conduct this survey were the responsible mineral initiatives rmi conflict minerals reporting template cmrt and the ipoint conflict minerals platform ipcmp. The ipoint conflict minerals cockpit for sap is a fully integrated sap addon.
Sep 09, 2018 conflict minerals like tin, tantalum, tungsten, and gold, sourced from the democratic republic of congo often end up in our cell phones and other electronics. Meet customer and doddfrank conflict minerals policy requirements. Join the market leader for conflict minerals compliance software solutions. Learn more about our ipoint ehs the leading environmental management software solution.
In the sec rule, drc conflictfree is defined as minerals that were extracted and did not directly or indirectly benefit armed groups in the covered countries. Jun 19, 20 conflict minerals in the eastern drc are generally defined including in us legislation and the oecd due diligence guidance for responsible mineral supply chains as cassiterite tin, coltan. Initiate, manage, and use your supply chain communication for your cm reporting the free trial has no hidden fees or setup costs. Working on the ipoint conflict minerals platform and cmrt templates from customer and supplier. Our cdx conflict minerals declaration cmd manager supports all cmrt versions published by the responsible minerals initiative rmi.
Federal signal corporation conflict minerals report for. This report is presented to comply with rule p1 under the securities exchange act of 1934 the rule. The conflict minerals reporting template cmrt is a free, standardized reporting template developed by the responsible minerals initiative rmi that facilitates the transfer of information through the supply chain regarding mineral country of. Pec modules conflict minerals compliance software why choose us the dodd frank sec conflict minerals legislation requires companies to comprehend and subsequently disclose the use of minerals 3tg in conflict areas such as the drc in order to protect human rights in the supply chain. Working on the ipoint conflict minerals platform and cmrt templates from. Conflict minerals solutions in an attempt to mitigate unsavory aspects of a global supply chain, the u. Ipc releases ipc1755, conflict minerals data exchange. On november 4th, the 20,000th company registered as a. About aces insight catalog software conflict minerals contact data. Section 1502 of the us doddfrank act requires companies to disclose annually the origin of certain raw materials gold, tin, tungsten, and tantalum in their.
Garmin also utilizes the ipoint conflict minerals platform ipcmp, a webbased software solution developed by ipoint, inc. Reasonable practices to identify sources of conflict minerals white paper amnesty international report on child labor responsible minerals initiative rmi conflict minerals reporting template ipoint conflict minerals platform itri tin supply chain initiative itsci london bullion market association lbma oecd due diligence guidance of minerals from conflictaffected and high. The ipcmp is an interactive software application that allows for the collection, management and reporting of conflict minerals data. On august 22, 2012, the securities and exchange commission sec adopted a new rule and form, as mandated by section 1502 of the doddfrank wall street reform and consumer protection act doddfrank act, to require companies to publicly disclose their use of conflict. According to marjan stankovic, software architect and lead developer for. The sec published its conflict minerals rule in august 2012. Enroll your company in the ipoint conflict minerals platform ipcmp, which is used by numerous tier 1 automotive manufacturers and suppliers.
Comes with own ztables to store generated request worklists. Conflict minerals reporting template cmrt version 5 updates. Request a key to reset your password ipointsystems. Filings related to conflict minerals reporting year ry 2016 were due to may 31st, 2017. Our data intelligence team analyzed the sec filings, as of august 11, 2017, across a range of metrics to provide key observations and trending data on the state of conflict minerals compliance. Ipc releases ipc1755, conflict minerals data exchange standard establishes requirements for suppliers and their customers. This drives the transparency companies need for good decisionmaking to govern and evolve their business. The sec published its conflict minerals rule the rule in august 2012. Smith and our subsidiaries worldwide must comply with the requirements of this legislation. We offer suitable licenses depending on your companys size and reporting requirements.
All of the components of those products have been included within the conflict minerals due diligence. What is the purpose of this new legislation and these sec rules. The software specialist ipoint systems has reached another important milestone. The companys terms and conditions require compliance with all applicable laws, company policies, and customer requirements. Support customer in due diligence on the source and chain of custody of its conflict minerals, filing form sd and conflict minerals report preparation to sec. Section 1502 of the doddfrank act and related sec rules require every. Manage conflict minerals policy such as tin, tantalum, tungsten and gold across the supply chain. Schedulers the scheduler application is used to create playlists, schedule playlists and to monitor your complete ipoint system with live thumbnails. Introducing the ipoint conflict minerals platform the ipoint conflict minerals platform ipcmp is a webbased, ondemand software solution supporting manufacturing companies with the collection, management, aggregation and reporting of conflict minerals information across their entire supply. Blockchain technology can help keep conflict minerals from critical products by. Frequency a software provider was named in the filings. The study saw researchers analyze all public conflict mineral data filed with the sec during the 2015 filing period. Introducing the ipoint conflict minerals platform the ipoint.
Division of corporation finance conflict minerals disclosure a small entity compliance guide 1 introduction. Conflict minerals compliance software reporting solutions. Sec has created a ruling which details the obligations for affected companies socalled issuers that are arising from this new law. Meet ipoint s experts on february 4th and 5th in amsterdam at the conflict minerals compliance and supplier sustainability conference. The sec s conflict mineral rule requires uslisted companies to disclose whether their products contain certain metals tin, tantalum, tungsten, or gold and whether these metals originate from rebelheld mines which are funding armed conflict in the democratic republic of the congo drc region. Currently, this ondemand crossindustry software solution is designed for compliance with the us conflict minerals legislation. Aug 24, 2017 the conflict minerals reporting template cmrt is created by the conflictfree sourcing initiative cfsi supporting companies to deliver accurate information to their customers about mineral country of origin and the smelters and refiners they use. Conflict minerals basic license test the extended premium functionalities of the leading conflict minerals software for free. We have 2 software components in our ipoint system. Currently, the ipcmp is tailored for compliance with section 1502 of the u. The successful way to comply with existing and upcoming conflict minerals regulations usa, eu improves efficiency. Under this rule, conflict minerals are essentially tin, tungsten, tantalum and gold that are mined either in the democratic republic of congo. We have been actively involved in the conflict minerals issue since the beginning and our. The ipoint conflict minerals platform ipcmp is a webbased, ondemand software solution supporting.
Conflict minerals management see a demo mandated by doddfrank and the consumer protection act, and adopted by the u. This software is a webbased data management solution that works with the eicc gesi template and facilitates the preparation. Minerals rule by the us securities and exchange commission sec in. By working closely with industry and association,s ipoint can offer a tailored solution for the fulfillment of the conflict minerals legislation. The rule imposes certain reporting obligations on sec registrants whose products contain conflict minerals that are necessary to the functionality or production of their products such minerals are referred to as necessary conflict minerals, excepting conflict minerals that, prior to january 31, 20, were located outside of the.
Securities and exchange commission sec created trade protocols. Conflict minerals software and services ihs markit. Provides additional functionality in a control panel which monitors all conflict minerals activities. With the launch of the ipcmp in september 2012, ipoint was the first to offer a fully developed solution for conflict minerals reporting. The dodd frank sec conflict minerals legislation requires companies to comprehend and subsequently disclose the use of minerals 3tg in conflict areas such as the drc in order to protect human rights in the supply chain. Players a player license to run ipoint playlists on a remote computer. The ipcmp tool will deliver a preformulated questionnaire to suppliers and to manage supplier responses. Identify a lead for conflict minerals reporting understand how to use the conflict minerals reporting template cmrt or equivalent develop and document a conflict minerals policy and incorporate into terms and conditions 2 identify and assess risk in the supply chain conduct a reasonable country of origin inquiry. Addressing new conflict minerals requirements ethisphere. Conflict minerals for sap conflict minerals platform. Prnewswire the software specialist ipointsystems has reached another. Work faster, more efficiently and more accurately by using the ipoint conflict minerals application to fulfill your due. The software also enables the tracking of countryoforigin inquiries on.
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