The extractive sector is unique because no other sector has as enormous
and as intrusive a social and environmental footprint.
TRaceability for high-risk minerals affects all products and industries
Mineral resources serve as inputs to virtually all supply chains. They are a crucial driver of the modern economy but are also linked to some of the worst labor, environmental, and human rights violations, as well as to conflict financing or corruption. This bears a significant reputational and disruption risk for companies sourcing from affected areas.
Digitalization and the transition toward a low-carbon economy will even further accentuate the demand for mineral resources, as they are indispensable for all future technologies, including renewable energy and electric vehicles. Especially the mining industry accounts for 11% of global energy use. Therefore, the extensive adoption of responsible sourcing practices across industries is critical for a transition that supports peace and sustainable development both in consumer and sourcing countries.
Recent regulations are already putting companies under pressure to prevent and mitigate adverse impacts within their supply chains. Significant progress concerning human rights due diligence is occurring in the supply chains of the so-called 3TGs (tin, tantalum, tungsten, and gold) mainly driven by the Dodd-Frank Act, the EU Regulation 2017/821, and by the OECD Guidance on mineral supply chains.
sustainabill turns risks into opportunities by helping companies to achieve transparent mineral supply chains and calculate carbon emissions
- Easily achieve Multi-Tier-Visibility and identify the product location of sub-suppliers
- Access traceability and chain of custody information for each facility, material, and activity, including intermediaries and countries of transit
- Access CO2 emissions per facility and measure the entire Carbon Footprint for your supply chain
- Screen risks for all supplier facilities and identify hot spots
- Map the supply chain for high-risk-minerals and trace single materials such as copper to the source
- Visualise the supply chain network for all supplier facilities, entire products, and their components
- Document your supply chain and show compliance with regulations