The EU introduces a control system for minerals imported from conflict areas. The system is based on the OECD Guidelines on due diligence for the import of minerals (Due Diligence Guidance). It is an important step in controlling responsible imports of minerals.
The system applies to European companies that import tin, tungsten and gold from non-EU countries. The products included in the system are specified as product codes. The list does not contain consumer goods but mainly includes commodities, which was a balanced solution for companies.
OECD's instructions are already widely used in companies and in various industries. The EU will approve control systems already used by companies and new equivalent systems that meet EU requirements.
Among other things, the regulation requires companies to assess risks in the supply chain and to set up a strategy for managing specific risks. In certain situations, companies must also allow a third party to conduct an independent accountability review, and report on how the principles of liability are implemented. It will be based on national authorities that oversee compliance with the regulation.
For the part of the company, the regulation comes into force on January 1, 2021.
