Given their use in everyday items such as mobile phones and jewelry, as well as in tools used to manufacture other products, conflict minerals are more widespread than you may think. Businesses must take steps to ensure the minerals found in their products are sourced responsibly.
Transparency in the supply chain is a hot, cross-industry topic that especially affects the automobile industry. In this context, the transition to e-mobility poses technological and infrastructural challenges to the Volkswagen Group: in order to ensure sustainable mobility, the responsible procurement of raw materials, especially of cobalt, lithium, nickel, lead and rare earths, has the highest priority.
While multi-tier supply chain transparency is challenging to achieve, it can reap serious benefits for businesses that invest the time and resources. Taking progressive steps to achieve visibility at multiple tiers can benefit businesses in five ways.
Companies around the world have recognized the importance of the UN Sustainable Development Goals and the role that business plays in helping achieve them. In fact, many have incorporated the Goals into their CSR strategies as a framework for their own corporate sustainability and social responsibility goals. Gaining greater supply chain transparency is an important first step in meeting a variety of SDGs.
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