News Archives » sec
Oblate JPIC Applauds Court Decision to Uphold Congo Minerals Disclosure August 13th, 2013
On July 23, the DC District Court ruled in favor of the Securities and Exchange Commission’s (SEC) rules which upheld section 1502 of the Dodd–Frank Wall Street Reform and Consumer Protection Act against the National Association of Manufacturers, Chamber of Commerce and the Business Roundtable. Section 1502 requires companies registered with the SEC to carry out due diligence and to disclose whether or not their products contain conflict minerals from the Democratic Republic of the Congo (DRC) and adjacent countries. The Missionary Oblates JPIC office applauds this decision as a victory for the people of the Democratic Republic of Congo. For more information, read the investor’s letter (download PDF) or visit www.iccr.org.
Credit: Image from the Puget Sound Business Journal (http://www.bizjournals.com/seattle/news/2012/10/11/new-sec-rule-forces-manufacturers-to.html)
Intel Posts its White Paper on Conflict Minerals to the SEC website December 2nd, 2011
Socially responsible shareholders have applauded Intel Corporation for responding to their concerns and suggestions around conflict mineral policy and transparency. The Company agreed to post the company’s white paper “Intel’s Efforts to Achieve a ‘Conflict Free’ Supply Chain” to the SEC website last week.
Over the past several months, many shareholders affiliated with ICCR (including the Missionary Oblates) have pressed Intel to use its position as a sustainability leader to educate, and influence the marketplace on this issue. Being the first issuer to post a white paper on the SEC’s website is a significant step toward informing a broader audience of real progress being made by industry-wide and multi-stakeholder processes to bring an end to the bloodshed in the DRC minerals supply chain.
Conflict Minerals in Our Cell Phones, Laptops March 1st, 2011
According to a UN Panel of Experts and others the conflict in the Democratic Republic of Congo is being fueled by a multi-million dollar trade in minerals. The armed groups perpetuating this violence deal in five main minerals used in electronic products and found plentifully in eastern Congo – coltan, gold, tin, tungsten and tantalum.
To see where various electronics companies rank in using conflict-free minerals and to send them messages, go to Raise Hope for Congo (English only)
Fall 2010 Issue of the JPIC Report Available October 10th, 2010
Read the new issue of the JPIC Report. If you are not receiving a hard copy in the mail and would like to, please contact the JPIC Office by emailing Rowena Gono.
Congo Catholic Bishops Praise U.S. Law on Conflict Minerals August 17th, 2010
The Congolese bishops have welcomed the passage into law of the Congo Mineral Conflict and Extractive Industries Transparency via amendments to the US Financial Reform Bill. The president of the National Conference of Bishops of Congo, Bishop Nicolas Djomo said during a press conference in Kinshasa that the Catholic Church in the Democratic Republic of Congo is determined to campaign for the newly enacted law on conflict minerals so that it becomes useful in the extractives industries in the Democratic Republic of Congo.
Bishop Djomo said that the legislation will help restore peace in the Democratic Republic Congo and that more actions are needed to strengthen good governance, support the legal economy, encourage peace and reconciliation, create a legal framework to revive the judicial system, and encourage citizens to engage in public life.
Bishop Djomo, who also serves as the Bishop for the diocese of Tshumbe in Kasai Oriental Province, thanked the America people and praised the American government, the U.S. Congress, faith based groups and other concerned groups who helped in passing the provisions on conflict minerals.
Conflict minerals, especially in Eastern Congo, provide the source of funding that allows armed militias to continue acts of terror, particularly widespread sexual violence and rape, while causing countless deaths.