Assent Compliance has announced a major update to its conflict minerals data management software, aligning the platform with the industry’s focus on the responsible sourcing of a broader group of minerals from high-risk areas.
The new Responsible Minerals Module leverages data from the Responsible Minerals Initiative (RMI), including smelter-level details on Reasonable Country of Origin Inquiry (RCOI), to identify and assess risks in conflict mineral supply chains. It is the only supply chain data management platform to align its responsible minerals offering with the OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
With these latest updates, the Assent Compliance Platform reinforces its position as the industry’s leading cloud-based responsible minerals data management tool. Because of its advanced backend infrastructure and data-agnostic nature, the Assent Compliance Platform’s Responsible Minerals Module can be quickly scaled to include additional materials as the industry continues to expand and redefine due diligence requirements.
By leveraging Assent’s supply chain data management platform, companies can now ensure their responsible minerals risk is integrated with their wider corporate risk program.
“Smelters have long been the ideal pinch point where information related to mineral origin can be collected but, traditionally, compiling this data has been an overwhelming challenge for most organisations because it can be prohibitively costly and time-consuming,” said Jared Connors, Corporate Social Responsibility Subject Matter Expert at Assent.
“By integrating data from a number of industry groups and offering details on RCOI directly within the Assent Compliance Platform, companies are now able to have a clearer picture of the potential risk within their global supply chains without all of the manual effort and concern associated with reaching out to smelters one-by-one.”
Key features include: