- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Big Tech Firms Playing Defense After Amnesty International Report
MintPress News released an overview of Amnesty International’s recent report on the cobalt supply chain. The report’s conclusion is that major tech companies are not ensuring that their products do not contain cobalt mined by child laborers.
MintPress News released an overview of Amnesty International’s recent report on the cobalt supply chain. The report’s conclusion is that major tech companies are not ensuring that their products do not contain cobalt mined by child laborers.
Commenting on the report, MintPress news states:
Amnesty’s report has many firms on the defensive. “So far, many of the big tech companies have denied sourcing cobalt from the DRC – or have explained that every effort is made to ensure that their raw materials are ethically sourced,” noted Sarah K. Rathke, a trial lawyer specializing in supply chain issues, in a Monday analysis for National Law Review. She believes tech companies can expect to face increased activism over conflict minerals this year.
Dynda A. Thomas, a lawyer specializing in conflict minerals, noted in another analysis published Monday by National Law Review, that existing laws covering conflict minerals are unlikely to apply to cobalt, and efforts to change these regulations are likely to face steep resistance. She used Intel’s move toward “conflict-free” microprocessors as an example:
“[E]arlier this month, Intel announced that it is now manufacturing ‘conflict-free’ microprocessors. And, the company went on to commit that its broader product base would also be ‘conflict-free.’ But, adding cobalt to the SEC’s definition of conflict minerals would mean starting over, at least with respect to cobalt in Intel’s supply chain.”
She urged corporations to do more than the law requires, or face the wrath of human rights groups and the possible lost profits caused by the boycotts and activism they inspire.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.