Automotive Industry Action Group Commends the Release of Dodd-Frank Final Rule Covering Section 1502 on Conflict Minerals and Pledges to Foster the Use of Responsible Sourcing Tools and Reporting

(3BL Media) August 23, 2012 - The Automotive Industry Action Group (AIAG) thanks the U.S. Securities and Exchange Commission (SEC), for issuing the final rule for implementing Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act[1] on Conflict Minerals. This is a major development that will further help our compliance efforts within the automotive industry.

As AIAG analyzes and evaluates the final rule, we remain committed to collaborating with cross industry partners like EICC-GeSI and to continuing our efforts to pursue the development of necessary infrastructure such as the Conflict Minerals Reporting Platform (developed in collaboration with iPoint), to help supply chain participants source responsibly and meet their reporting requirements.

About AIAG
AIAG is a unique not-for-profit organization where, for more than 30 years, OEMs, suppliers, service providers, government entities and individuals in academia have worked collaboratively to drive down costs and complexity from the supply chain via global standards development and harmonized business practices. AIAG membership has grown to more than 900 members include preeminent OEMs, such as Caterpillar, Chrysler Group, Ford, General Motors, Honda, Navistar, Nissan, Toyota, and many of their parts suppliers and service providers. For more information, visit www.AIAG.org. 

[1] http://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf