Cobalt Due Diligence
Materials Sourcing Solution
Cobalt is highly valued as a key component of lithium batteries. Current estimates show that 50 percent or more of the world’s cobalt production derives from mines in the Democratic Republic of the Congo (DRC). Our Cobalt Due Diligence program is a material sourcing solution that tracks the origin of the cobalt in your products to the smelter. Our system follows and is in accordance with the OECD Due Diligence and the Responsible Minerals Initiative (RMI).
Identify cobalt sourced from high-risk smelters
Through platform technology and human-to-human supplier engagement, the cobalt used in your products is traced to the smelter of origin. Collected smelter data is verified against our internal database as well as various publicly available data sources. Red flags are raised where missing or inconsistent data is identified. As a result, you’ll be able to do a deep dive into your suppliers’ responses and pinpoint areas of risk in your supply chain that lead to unethically sourced cobalt.
Is cobalt the next conflict mineral?
Many companies that rely on lithium-ion batteries for their products are pursuing more assertive efforts to investigate their supply chains in the hopes of greater transparency and disclosure with regard to cobalt. Those corporations that have comprehensive techniques and programs to trace and report on conflict minerals will likely have the advantage to add cobalt to their investigations and disclosure reports.
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