It’s not just price driving consumers
“What’s in your wallet?” is a great advertising tag line for a credit card company. It prompts you to investigate whether you have the best deal when it comes to a credit card rewards program. We as consumers typically want to make sure we get the best deal. Many sellers now provide you with a way to compare prices and shop smarter whether online or in brick and mortar settings.
But, the best price is now not only what’s most important. We, consumers, want to make sure our tomatoes are grown sustainably, seafood harvested ethically and smartphones manufactured responsibly.
While completing our annual analysis of SEC conflict minerals filings, it became clear that behind these demanding consumers
What does transparency look like?
So, there is some debate as to what exactly constitutes transparency, corporate responsibility and ethical sourcing. Let the dialogue carry on. It’s how we learn and grow.
At the moment, there is also uncertainty surrounding the longevity of Dodd-Frank Section 1502. However, what’s invigorating is the commitment we are seeing both within and outside our network of global customers to “do the right thing” whether or not there is a regulatory driver.
Achieving responsible conflict minerals sourcing
Responsible conflict minerals sourcing is a human rights issue, plain and simple.
The “doing” is what’s important – no matter how big or small. So, the challenge is to not only care about what’s in your wallet, but to care about what’s in the products you buy, source and manufacture. Our resources are finite, our potential, infinite.Jennifer Kraus
Many businesses recognize this now and are faced with a choice: I can either stand idly by and let someone else tackle the issue or I can engage in the dialogue and do my part. The “doing” is what’s important – no matter how big or small.
So, the challenge is to not only care about what’s in your wallet, but to care about what’s in the products you buy, source and manufacture. Our resources are finite, our potential, infinite.
This article by Jennifer Kraus, our Chief Scientific Officer, EVP Operations, originally appeared in her forward in our annual analysis of the SEC conflict minerals filings. The full report on responsible conflict minerals sourcing reporting is available here.