Session 7 - Completing the chain: addressing systemic shortcomings in minerals due diligence – the role of legislation and market requirements

Apr 27, 2023 | 12:30 PM - 1:45 PM
CC1

Description

Well over a decade since the adoption of the OECD Due Diligence Guidance on Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, governments, regulators and other stakeholders have made a clear shift from primarily piloting and raising awareness on due diligence to building a global architecture to uphold it. However, it is precisely this architecture, comprised of legislation, exchange requirements and other policy tools, that has shed light on key missing links in due diligence practice. This session will examine key shortcomings that these requirements have revealed, bearing in mind that ultimate responsibility for due diligence rests with individual companies in mineral supply chains. Some topics of particular interest will include: • Addressing over-reliance on industry schemes by companies • Secondary sourcing • Making supplier engagement real – going beyond audits • Legislative developments