SEC Releases Landmark Rules on Conflict Minerals and Extractive Revenue Payments
Calvert has played a leading role among investors in the rule-making process for both Dodd-Frank Section 1502 Conflict Minerals and Section 1504 Resource Payment Reporting Requirements.
Voted yesterday, the rules are the long-awaited outcomes of a complicated and controversial two year-long rule making process.
Section 1502 requires companies to disclose their efforts to identify and eliminate the use of certain minerals that have helped to fund the continuing conflict in Democratic Republic of the Congo (DRC), while Section 1504 requires oil, gas and mining companies to disclose revenue payments they make to governments around the world.
The rules will require companies registered on U.S. exchanges to make unprecedented disclosures of potentially material risks to investors.
- See Calvert's press release on Dodd-Frank Section 1504:
Calvert applauds SEC finalization of resource payment reporting requirements...
- Read a joint statement with other investors on Dodd-Frank Section 1502:
Investors welcome new SEC rule...
- Read the multi-stakeholder letter to the SEC on Section 1502:
Issuance of a final rule on Conflict Minerals... (PDF)
Calvert Investment Management, Inc., 4550 Montgomery Ave., Bethesda, MD 20814.