Responsible sourcing of raw materials for business
“Due Diligence Ready!” is the online portal launched by the European Commission to provide businesses with controls to be carried out to verify the origin of the metals and minerals entering their supply chains, or the so-called “due diligence”. The portal contributes very far from the fact that the provisions of raw materials on the part of companies respect human rights, at the same time improving transparency and their responsibility in their respective value chains.
The market demand for a responsible supply of raw materials is increasing. Such raw materials are essential for new economic sectors and for clean technologies, such as high-power batteries, and companies included that at every stage of the chain of value is based on transparency, responsibility and sustainability.
‘Due Diligence Ready!’
‘Due diligence ready!’ was developed to help companies source minerals and metals responsibly and, if applicable, comply with regulatory requirements, including the new EU ‘conflict minerals’ regulation effective from 1 January 2021.
‘Due diligence ready!’ is designed for small and medium-sized enterprises (SMEs) – but can benefit any company with minerals and metals in its supply chain and help them perform due diligence.
‘Due diligence ready!’ focuses on tin, tantalum, tungsten and gold but also includes all other minerals and metals such as battery raw materials.
Objectives of “Due Diligence Ready”:
- learn about the benefits companies can gain from performing due diligence on their supply chains
- understand, assess and mitigate risks and impacts in their supply chains related to responsible sourcing
- understand and implement the OECD due diligence guidance (OECD DDG) for responsible supply chains of minerals from conflict-affected and high-risk areas (CAHRAs) and learn how to do due diligence for responsible mineral sourcing. (The OECD DDG applies to all minerals).