At a minimum, every public company or any company supplying a public company will need to know if they have a Conflict Mineral present in their product.
Fort Walton Beach, Florida (PRWEB) January 09, 2013
In response to the SEC's ruling on the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502, concerning the assessment and reporting requirements of public companies whose products contain conflict minerals, TPP announces its Compliance Management Module (CMM) will provide identification, reporting, and due diligence capabilities to meet the new requirement.
Adhering to the requirement will present a number of challenges specific to data gathering, tracking, and reporting that will be both complex and time consuming.
CMM users will be able to submit Bills of Materials through TPP's data services and identify the presence of the metals in question: tin, tungsten, tantalum, or gold. The database also provides supporting documents such as statements from the supplier regarding the metals' origin and due diligence processes.
“At a minimum, every public company or any company supplying a public company will need to know if they have a Conflict Mineral present in their product,” states Peter Robinson, Vice President at TPP. “They will need to know where it is and where it came from. TPP services will ensure that they are always ready to report when asked.”
As the electronics industry works toward conflict-sensitive sourcing practices, TPP will continue to evolve its conflict minerals reporting capabilities to stay current with industry standards.
TPP provides environmental compliance and obsolescence management solutions in the form of web-based applications and data gathering services. The database contains information and reporting for DMS management, Alternate Equivalents, Alternate Sourcing, PCN data, Life Cycle Predictions, and material content data for RoHS, REACH/SVHC, and Conflict Minerals.
For more information on TPP, please visit our website at http://www.totalpartsplus.com