HP, Intel and GE Start Fund to Boost Conflict-Free Minerals

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Keywords: Volunteerism & Community Engagement | Conflict-free | Conflict Minerals | Environment and Climate Change | Ethical Production and Consumption | Finance & Socially Responsible Investment | GE | GE foundation | HP | Intel | Volunteerism & Community Engagement

HP, Intel and GE Start Fund to Boost Conflict-Free Minerals

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.@HP @Intel & @GeneralElectric start fund to boost conflict-free minerals http://3bl.me/v3t9ce on @GreenBiz
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Tuesday, May 15, 2012 - 3:00pm

It's the blood-diamond issue of the electronics industry: Many of the minerals used in electronics -- including tin, tantalum, tungsten and gold -- come from areas awash in corruption, child labor and slavery, where mines are controlled by armed groups.

A U.S. law requiring companies to disclose if they source key minerals from conflict-torn areas has lit a fire under businesses to trace their supply chains and find conflict-free supplies. But with other countries also pressuring companies to eliminate conflict materials, there's more demand for conflict-free minerals than supply.

And removing conflict minerals from a supply chain can be a major challenge because many companies don't deal directly with a mine. Instead, those companies would need to check with every supplier along the route if they want to make sure their products are conflict-free.

A new fund backed by Intel, HP and the GE Foundation aims to lower the cost for smelters that seek to prove they're conflict-free. It joins a variety of programs that have sprung up to support different stages of the mineral supply chain.

Read more about what GE, Intel and HP are doing to boost conflict-free minerals on GreenBiz.