The EU Conflict Minerals Regulation – A Trial Run for Responsible Sourcing of Raw Materials?
Aug 4, 2021
|
Karin Küblböck
View Original
On 1 January 2021 the EU Conflict Minerals Regulation entered into force. From now on, companies importing certain minerals into the EU must ensure that their sourcing practices do not contribute to conflict and human rights abuses. The regulation therefore introduces for the first time mandatory human rights due diligence for companies in the EU. In its current version, the scope of the regulation is extremely limited. Nevertheless, its implementation can provide important lessons for the upcoming comprehensive EU due diligence legislation.