Compliance Support for Dodd-Frank Act Section 1502 Features Specialized Mix of Content, Services, and Technology for Supplier Engagement, Documentation Obtainment, and Data Management
Carlsbad, Calif., March 12, 2013 — 3E Company, a leading provider of EH&S compliance and information management services, today announced that its supply chain product compliance and risk management practice has expanded services to include support for conforming to the conflict minerals regulations and requirements in Section 1502 of the Dodd-Frank Act. Using 3E’s expertise, established processes, and specialized tools facilitates risk mitigation in the supply chain and helps satisfy the due diligence obligations related to conflict minerals.
3E’s approach, which features a powerful combination of content, services, and technology, closely aligns with the Organisation for Economic Co-operation and Development’s (OECD) guidance to conduct supplier engagement and support due diligence at the supplier level to identify the presence of tin, tantalum, tungsten, or gold and attempt to determine the country of origin of those materials.
3E’s comprehensive solution includes:
The new solution set is supported by a dedicated, multilingual team with extensive experience in developing relationships with global manufacturers to effectively and efficiently collect and maintain information in a variety of languages and formats.
“Conflict minerals are extracted by a relatively small number of companies, many of which are far removed from the companies using the minerals in their finished goods. But proof of due diligence weighs ultimately on the manufacturers producing finished goods that contain one of those minerals, not the extractor,” said Connie Prostko-Bell, director of supply chain compliance, 3E Company. “3E expanded our supply chain practice, using our existing, well-seasoned supplier engagement infrastructure, to help our customers better understand what their products are made of and to provide deeper insight into the compliance status of products and components and where these materials come from. All of those factors are basic building blocks for compliance risk mitigation. Capturing, comprehending, and communicating information about products, raw materials, processes, and even packaging throughout the entire supply chain is vital to successful management of compliance obligations, and we look forward to supporting our customers in this complex undertaking.”3E’s conflict minerals solutions are available immediately.
About 3E Company
3E Company, a subsidiary of Verisk Analytics (Nasdaq:VRSK), offers a comprehensive suite of data, products, and services for environmental health and safety (EH&S) compliance management. This solutions suite addresses the entire chemical life cycle and includes regulatory research; MSDS authoring, distribution, and management; transportation; emergency response; training; regulatory reporting; and hazardous waste management. 3E provides an industry-leading combination of a 24/7/365 EH&S mission-control call center and the world’s premier hazardous substance database of global regulatory and compliance information. The company was founded in 1988 and is headquartered in Carlsbad, California, with additional operations in Canton, Ohio; Bethesda, Maryland; Kingsport, Tennessee; Montreal, Quebec; and Copenhagen, Denmark. For more information on 3E Company, visit www.3ecompany.com.