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How to Manage Risk and Boost Transparency in the Raw Material Supply Chain

EcoVadis

With around 50 percent of the world’s reserves held by the Democratic Republic of the Congo, cobalt, commonly used in automotive and electronic products, requires particular attention. Umicore, a global materials technology and recycling group, introduced its Sustainable Procurement Framework for cobalt.

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Addressing UN Sustainable Development Goal 8: Helping Automotive Businesses Tackle Modern Slavery

EcoVadis

Early adopters of ethical automobile manufacturing and procurement practices are more likely to perform well in a global economy where the ethical consumption is rapidly becoming a significant market force. Failure to do so could result in increased risk reputational damage and decreased stock prices.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The approach calls for a deeper look at procurement chains, critical mineral qualification and the calculation of mineral content. Chile, Argentina, Indonesia, Australia and the Democratic Republic of the Congo are also major markets for critical mineral extraction.